Barracuda FX, the specialist provider of FX order management technology, has announced the signing of a new contract with Denmark’s Jyske Bank.
Jyske Bank embarked on a project in 2017 to streamline its FX operations in order to make it more efficient. A detailed analysis of the Barracuda platform established it as a key component of the new FX operations strategy, the firm says, in particular its Order Hub service, which 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,” says 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.”
Fraser Devlin, head of sales for Barracuda FX, adds, “For many years Jyske Bank has been known to punch well above its weight in the FX market and has a reputation for excellence. We are delighted to welcome them as a client, especially due to their advocacy of our unique Order Hub service.”