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Sogeti undertakes Performance and Scalability Benchmarking of Eurobase’s Siena e-solutions

Sogeti, one of the world's foremost providers of Local IT, Professional and Test services, has been commissioned by Eurobase Banking Solutions to independently test and verify the performance and scalability of its Siena e-solutions. With financial markets currently being so volatile, never have performance and latency been such hot topics in the e-FX market. In recognition of this, Eurobase viewed it to be essential that its FX esolutions be independently tested and verified. Performance and scalability, in particular of price generation, price delivery and trade execution are key factors for such solutions and by working with
Sogeti to test and verify its Siena e-solutions, Eurobase is signalling the importance it attaches to the performance and scalability of its products.

Sogeti and Eurobase have jointly conducted a number of performance and scalability tests on Eurobase’s Siena Gateway and Siena eTrader products. The comprehensive measurements obtained across multiple runs were formalised by Sogeti and presented to Eurobase. Sogeti’s test results confirmed the strength of Eurobase’s Siena products. Sogeti verified the performance of the Siena Gateway across a number of simulated electronic communication networks (ECNs) using Eurobase’s FIX adapter. With five connections each streaming 28 currency pairs, Sogeti verified the mean average executable streaming price (ESP) delivery times of 15 milliseconds (ms) and the 99th percentile delivered within 43ms.

A number of tests were also executed across different numbers of concurrent Siena eTrader users. With 600 concurrent Siena eTrader users being streamed executable spot, swap and outright prices, Sogeti verified mean average ESP delivery times of 7ms and the 99th percentile delivered within 51ms. Each user was continually executing a spot, swap or an outright trade with all trade confirmations being returned inside 380 ms.

Brian Shea, CEO of SOGETI UK said “This project was a rather unique project for us as we rarely see customers so open and upfront about the quality and speed of their systems. Eurobase’s confidence in its product is demonstrated by its openness with the results. Sogeti and Eurobase in partnership will deliver more benefits for customers that accept such an open approach. This was a great project and we look forward to a long relationship.“

“As a leading supplier to the e-FX & MM arena, Eurobase recognises the importance of obtaining independent, credible and relevant measurements to verify product performance and scalability of the Siena suite of products,” said Joe Locke, Operations Director at Eurobase Banking Solutions. “We found Sogeti extremely capable throughout the testing and are pleased with the benchmarks they
provided within the report.”