Jyske Bank Selects Barracuda For FX Order Management


Dublin, 22nd January 2018
– Barracuda FX, the specialist provider of FX Order Management technology, today announced the signing of a new contract with Jyske Bank, the major Danish FX trading institution.

Jyske Bank embarked on a project in 2017 to streamline their FX operations in order to make them more efficient. A detailed analysis of the Barracuda platform established it as a key component of the new FX operations strategy.

Barracuda’s Order Hub service was considered to be a major differentiator. Order Hub is an electronic order passing network between Barracuda’s client banks, allowing each bank to increase efficiency and lower risk by leveraging the currency and time zone expertise of partner banks.

“We are very pleased to partner with Barracuda FX for our order management system,” said Morten Byrdal, Head of Trading at Jyske Bank. “The quality of their product was obvious to us after detailed analysis, but the critical factor was the ability to use the Order Hub service which helps us embrace modern, digital technology solutions to improve our operations.”

“For many years Jyske Bank has been known to punch well above its weight in the FX market and has a reputation for excellence,” said Fraser Devlin, Head of Sales for Barracuda FX. “We are delighted to welcome them as a client, especially due to their advocacy of our unique Order Hub service.”

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About Barracuda FX

Barracuda FX is a specialist, singularly focused on the order management space – developing the functional capabilities, technology platform and service infrastructure to meet the needs of the demanding modern FX market.

Barracuda was established in 2009 by a Dublin-based team of FX technology professionals. The team initially partnered with a leading global FX bank, using domain experience earned across many hundreds of man-years to deliver a next generation order management system.

The company has grown successfully each year, with operations in Dublin, London and Skopje, adding many leading global banks as clients and winning Profit & Loss Magazine’s Best FX OMS award every year since 2011.

For more information, visit www.barracudafx.com

About Jyske Bank

The Jyske Bank Group, established in 1967, is the fourth largest financial services group in Denmark with total assets of DKK 585bn, a total of 4,003 employees, 890,000 customers and a market share of approximately 12% of aggregate Danish mortgage lending, bank lending as well as bank deposit taking.

Jyske Capital Markets offers a wide range of products primarily to the Nordic market. We have always had a special dedication and passion for FX, an area which we are constantly developing ourselves in, to meet current demands.


Media Contact for Barracuda:

Jake Smith
Brandex Financial
T – +44 7860 779802
E – jake.smith@brandexfinancial.co.uk

 


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