SOURCE: ReadQ Systems, Inc.

ReadQ Systems, Inc.

September 13, 2011 10:15 ET

Zions Bank Converts to ReadQ Systems' QTIX Trading Platform

NEW YORK, NY--(Marketwire - Sep 13, 2011) - ReadQ Systems, Inc. announced today that Salt Lake City broker-dealer and longtime client Zions First National Bank has successfully converted 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."

About Zions First National Bank

Zions First National Bank, headquartered in Salt Lake City, is a subsidiary of Zions Bancorporation and maintains branch offices throughout Utah and Idaho. Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select Western markets. Zions operates its banking businesses under local management teams and community identities through approximately 500 offices in 10 Western and Southwestern states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. Zions is a national leader in Small Business Administration lending and public finance advisory services. In addition, they are included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at

About ReadQ Systems, Inc.

ReadQ Systems, Inc., headquartered in New York City, is a technology and service company with over 40 years experience in the fixed-income arena. Their QTIX offering is a SOA solution that provides trading, settlement and back-office processing on a zero footprint, common platform that reduces operational overhead costs. Featuring an intuitive interface and ease of use, QTIX provides broker-dealers with a real-time Straight through Processing Solution that implements industry standard real-time interfaces for automated processing of fixed-income securities, trade matching, netting and clearance. For more information, please visit

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