Caceis gains ICF bank trading platform mandate 21 December 2017Frankfurt Reporter: Zsuzsa Szabo
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Caceis has received a mandate from ICF Bank to be the settlement agent for the Frankfurt-based bank’s Quotrix platform.
Quotrix is an electronic trading platform on the Düsseldorf stock exchange.
As of 2017, the platform handles seven percent of all retail investor orders in Germany.
ICF Bank, part of the asset servicing banking group of Crédit Agricole, oversees a wide-range product portfolio of about 4,000 equities, 3,100 bonds, 2,700 investment funds and 1,400 exchange-traded products.
Bernd Gegenheimer, chairman of the management board of ICF BANK AG, said: “With our fast-growing business on Quotrix, we needed a high-capacity service provider that could handle an increasing trade volume while maintaining service quality.”
Holger Sepp, a member of the management board of Caceis in Germany, added: “This additional mandate in the long-standing partnership between ICF and Caceis demonstrates our ongoing commitment to providing expert support to our clients.”
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