Bank Zachodni WBK extends usage of Microgen DART

Microgen (LSE:MCGN), the IT services and solutions provider, today announces that Bank Zachodni WBK, one of Poland’s largest banks and a subsidiary of AIB Group, has extended usage of DART+ Pricing in its wholesale banking area. The system was already in use on the Long Term desk where its success has led to its adoption by the Money Markets desk.

Marcin Groniewski of Bank Zachodni WBK SA Treasury said, "By Using
DART+ Pricing we can reduce our response rate, which means we can
provide an even better service to our clients which is something we are
always striving for. DART+ Pricing makes it possible for us to improve on
our real-time pricing and analysis of Swaps, Loans, Deposits and FRA’s. It
provides us with advanced curve building capabilities and sensitivity
analysis."

DART+ Pricing is an element of the DART product suite, a range of products and services relating to pricing and risk management, systems development and training for the global derivatives marketplace. It offers an extensive range of instrument coverage, accuracy of information and speed of response necessary to support both the Exchange Traded and OTC global derivatives business.

"We are obviously delighted that Bank Zachodni is furthering its use of
DART," says Henry Umney, General Manager, Banking and Derivatives
Division, Microgen. "We have worked extensively with AIB in both the UK
and Ireland and it is good news for us that the system has proven to be a
success in Poland."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development