Eurobases Siena Gateway product will distribute high performance FX pricing through various channels, e-FX multi-bank portals and proprietary platforms to WestLB AG.
Siena Gateway will deliver WestLB AG a strategic tool for the near-zero latency streaming of prices – initially to the 360T platform. The service offered by Siena comprises flexible rules-based processing for ESP, RFQ, RFSQ and Dealer Intervention with near-zero latency for pre-trade e-credit checking.
Having proved the capabilities of the Siena Gateway during the pre-implementation phase, and as a trusted supplier to the bank via our use of the Siena eTrader execution platform, we are delighted to have engaged Eurobase on such a key project, says Joerg Tuerk, head of eTrading IT team, WestLB AG. e-Market service delivery is of paramount importance to the bank and being able to offer our customers a more efficient, scaleable and higher performance solution will enable us to greatly enhance our service offerings.
As the market embraces sales-centric trading models, factors such as cost reduction, speed to market, performance and scaleability become key in delivering successful eFX price distribution, says David Mallinder, business development director, Eurobase Banking Solutions.
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