Eurobase International, a market leader in supplying e-Trading Solutions, is launching a FIX adaptor for its proven e-trading connectivity solution, Siena Gateway, extending an already impressive array of adaptors available for price streaming and trade execution.
The Siena Gateway is designed to ensure near zero latency in price delivery and deal execution, as well as the provision of Executable Steaming Prices, RFQ and RFSQ to customers via web portals, channels and trading partners.
The FIX protocol provides an excellent payload to message ratio and is broadly supported by the industry worldwide. Already in live use with a key Eurobase customer, the FIX adaptor is being used to stream prices to FX customers and capture trading from 360T.
Eurobase group technology director, Carl Martin comments, “Adding the FIX adaptor to the Siena Gateway ensures that the Siena e-Trading Solution stays at the leading edge of connectivity solutions in this market space and offers our customers fast access to the revenue opportunities available from automated price streaming. We believe the FIX strategy of using a simple and efficient message format is ideally suited to the ultra low latency requirements of the FX market as a whole.”
The Siena e-Trading Solution consists of three products. Siena Rate Manager automates the essential functions for banks engaged in e-trading, enabling them to accept and consolidate multiple price feeds, blend, spread or skew prices, then sanity check them against market tolerance and volatility. The Siena Gateway provides a strategic tool for the near-zero latency streaming of prices to various channels, e-FX multi-bank platforms and proprietary platforms. Siena eTrader is a real-time web-based execution platform that operates at near-zero latency.