NAB pilots starXchange trading platform
Drew Bradford, NAB
National Australia Bank (NAB) and technology consulting firm Lab49 are piloting the starXchange trading platform.
The e-trading platform has been released to the market and offers automation for pre-trade, execution and post-trade activity. Clients can trade through the platform itself or through major multi-bank platforms.
NAB partnered with Lab49, a “specialist in capital markets technology”, on designing and engineering an end-to-end solution.
Drew Bradford, NAB executive general manager, fixed income, currencies and commodities, says: “Lab49’s commitment to success and innovation, coupled with NAB’s local knowledge and expertise has enabled us to create a ground-breaking trading solution.”
CEO of Lab49, Luke Flemmer, says it was a “very productive partnership”.
Lab49 is a strategy, design and technology consulting company. It was founded in New York in 2002.
NAB says it has over 12.7 million customers and 42,000 staff, operating more than 1,700 stores and business banking centres globally. Its major financial services franchises are in Australia, but it does have businesses in New Zealand, Asia and the UK.
