Hypothekarbank «Hypi» Lenzburg has adopted the trading platform GLOX to process stock exchange orders on its own core-banking system Finstar. The bank introduced the platform developed by MACD, a Swiss finance-IT specialist, on Finstar last week, it said in a statement today.

Efficient Trading Platform

Hypothekarbank Lenzburg will process the transactions of all securities available on the Swiss stock exchange via the fully automated trading system. The company will introduce all other investment products – funds, shares and bonds from across the globe as well as foreign exchange – gradually in the coming months and make them available for trading through Finstar.

With the introduction of GLOX, Finstar becomes an efficient and powerful trading platform, the bank said in its statement.

In Line With Strategic Decision

«This extension is in line with the strategic decision to strengthen our investment competence as a universal bank. Trading will in future play a major role at Hypothekarbank Lenzburg and with the GLOX system, which has been in daily use at numerous Swiss banks for many years, we are well prepared for this reorientation,» said Marianne Wildi, the CEO of the bank.

The bank in February had announced that it was adding a risk management solution provided by EdgeLab to Finstar.

Leading Swiss Banking Platform

Hypothekarbank Lenzburg in May announced that it was testing an open interface, which would enable the use of further applications via Finstar. «These initiatives all are serving the purpose to position Finstar as a leading Swiss banking platform for smaller and medium-sized banks – not only, but also for securities trading purposes,» said Wildi.