TIBCO announced that by adopting its integration and messaging solutions, Postbank AG has implemented EU guidelines set by MiFID (Markets in Financial Instruments Directive).

"Thanks to TIBCO Software's pre-defined tools, we are able to map trading processes much quicker than would be possible with traditional methods such as SQL. This enabled us to implement MiFID requirements in the record time of just six weeks, giving us a competitive head start," said Dr. Michael Schlosser, Head of Group Client Execution at Postbank AG.

After an evaluation process, Postbank Systems selected TIBCO ActiveMatrix BusinessWorks and TIBCO Rendezvous. TIBCO's SOA and messaging software now form the core of the fully-integrated, fast, reliable and high-performance proprietary trading platform. Postbank has now linked fifteen different solutions including risk management, propriety trading and pricing, both with each other and with worldwide trading systems via the TIBCO infrastructure. Media disruptions between the systems are a thing of the past, and through these optimised trading processes and the automation of manual tasks, Postbank is enjoying increased efficiency and a reduced risk of error.

"Postbank's MiFID project is an excellent example of the added value that our standards-based infrastructure for integration, SOA and messaging can offer financial service providers. This infrastructure not only fulfils company requirements in relation to increased process efficiency, transparency and flexibility, but it also meets compliance regulations," said Murat Sonmez, executive vice president of Global Field Operations at TIBCO. "The IT landscape for securities trading at Postbank achieves such high levels of quality, performance and profitability that the company is able to work towards the real-time business model and is obtaining a competitive advantage as a result."