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Industry news

ReadQ converts Zion


03 October 2011 New York
Reporter: Justin Lawson

Generic business image for news article
Image: Shutterstock
ReadQ Systems, Inc. has signed Salt Lake City broker-dealer and longtime client Zions First National Bank on to their QTIX trading system.

Zions Bank has been using ReadQ for clearing its fixed-income securities since 1995 and recently upgraded to their new QTIX clearing system. The new system provides significantly improved functionality and productivity to Zions Bank. The upgrade to QTIX was performed swiftly and efficiently with on-site support provided by ReadQ. Zions Bank is pleased with the expanded technology QTIX provides and is looking forward to their continued long-term relationship with ReadQ Systems.

According to Rob Cardone, president of ReadQ Systems, Inc., "QTIX, our latest technology product, was designed to help financial institutions reduce their operational overhead and technology costs and succeed in their automation objectives, while providing a user-friendly solution. We're looking forward to continuing to work with Zions Bank to support their growing business."
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