Raiffeisen Bank International partners with AxeTrading and Integral to boost bond trading

Raiffeisen Bank International (RBI), a provider of corporate and investment banking services in Austria, announced that it has partnered with AxeTrading, a fixed income trading software company, and Integral, an FX technology provider, to boost bond trading.

According to the official announcement, RBI intends to deliver a trading solution for their bond trading clients by providing real-time streaming of FX prices into their bond trading workflow. The bank stated that the collaboration has enabled RBI to offer faster and better pricing to their clients in local currency bonds while significantly reducing their request for quote (RFQ) response time and increasing their hit ratios. 

By combining the capabilities of the AxeTrader Quoting and Execution Management System (QEMS) and Integral's BankFX pricing engine, RBI can significantly reduce their risk as a market-maker by automatically hedging the currency exposure of the bond trade and reduce hedging costs on the back of high-quality FX execution.

This solution is applicable to all traders in local currency bonds who need certainty, clarity and efficiency at the same time capturing as much of the spread with an automated workflow, making trading as profitable as possible and automatically hedging the associated FX risk.

Harald Müller, Head of Group Capital Markets Trading & Institutional Sales at RBI remarks: "Our ability to respond fast to our clients' requests with highly competitive pricing lies at the core of RBI's market making philosophy. Therefore, closing the last technical gap between Fixed Income and FX products to provide combined pricing with maximum efficiency, has been a top priority for us. Furthermore, the already available integration supports current and future digitisation and automation initiatives in RBI's Capital Markets area, on top of enhancing our current infrastructure. I am delighted to contribute to RBI's mission of "transforming continuous innovation into superior customer experience."