NEWS
June 20, 2007
Julius Baer signs up for the BestQuotes OTC platform
BQuotes, the leading provider of price discovery software for the Over The Counter ("OTC") markets, announced today that Julius Baer Investment Management LLC, the US subsidiary of the Julius Baer Group, the leading dedicated wealth manager in Switzerland, signed up to BestQuotes, BQuotes' leading OTC price discovery platform.
"BestQuotes has made our high yield trading much more effective and we anticipate it will offer significant future cost savings", said Greg Hopper, Julius Baer Investment Management's Head of Global High Income Strategy.
BestQuotes is the leading platform for real-time price discovery of CDS, Corporate Bond, Index, Tranches, ABS, Convertibles, Variance Swaps, Options and other OTC instruments.
"Julius Baer Investment Management is a leading asset manager, and we are excited to welcome them as our customers and integrate with their trading and mark-to-market systems", commented Yiannis Tsiounis, BQuotes President and CEO.
About Julius Baer
In the Americas, Julius Baer focuses on asset management. The Julius Baer Group is the leading dedicated wealth manager in Switzerland. The Group, whose roots date back to the early nineteenth century, concentrates exclusively on the fields of private banking and asset management for private and institutional clients.
With more than 3,600 employees worldwide, the Group managed clients' assets in excess of CHF 360 billion at the end of December 2006.
The Julius Baer Group's global presence comprises over 30 locations in Europe, North America, Latin America and Asia, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and Tokyo. Bank Julius Baer, the key company of the Group, has a long-term debt rating of Aa3 from Moody's.
For more information contact:
www.juliusbaer.com
About BQuotes
BQuotes extracts price quotes from emails of any format with its real-time price discovery software ("BestQuotes") in a variety of Over The Counter asset classes, such as CDSs, corporate Bonds, convertible bonds, Loan CDSs, Tranches, Variance Swaps, Options and ABSs, and provides closing, mark-to-market data ("BestData") for the OTC markets. Thousands of market participants are finding BestQuotes an invaluable tool in navigating the OTC markets, monitoring their risk in real time using true market prices, and increasing their trading effectiveness.
BestData, delivered at 6:30pm EST, solves the problems of having to wait until the next business day for mark-to-market data and of lack of coverage for certain very important markets, including convertible bond closing data, Loan CDS, ABX, TABX and tranches. The fact that the closing data can be delivered in a variety of interfaces, from Excel to ftp to a customized GUI, negates the need for any integration and frees BQuotes clients to focus on their core skills.
Founded in 2004, BQuotes is now serving thousands of market participants across leading investment banks, money management firms and hedge fund firms such as Highbridge, Angelo Gordon and Royal Bank of Scotland.
BQuotes can be contacted at:
US: +1 212 931 5324, +1 212 931 5343, +1 212 931 5266
UK: +44 (0) 207 096 1128
Asia-Pac: +61 7 3394 8431