Eurobase wins FX Gateway project with Allied Irish Bank

London, UK - 12 September 2007

Allied Irish Bank has selected Eurobase’s market leading Siena Gateway product to provide a FX rate gateway to distribute rates within the AIB Branch Network.

The Eurobase Siena Gateway will offer AIB the flexibility to add cost effective rate management (including spike monitoring, volatility and spread checking), margin control plus connectivity to its whole infrastructure within very short timescales.

The Siena Gateway can also be extended to control the high performance streaming of prices to various channels, e-FX multi-bank portals and proprietary platforms via adaptors. The product has been specifically designed to handle extremely high trade throughput to manage the ever-increasing e-trading volumes and number of execution venues. The system incorporates highly flexible rules-based processing and provides support for ESP, RFQ, RFSQ and Dealer Intervention.

The Siena Gateway is part of Eurobase’s market leading Siena e-Trading Solution which includes Siena eTrader and Siena Rate Manager. Siena eTrader is a real-time web-based execution platform that operates at near-zero latency and Siena Rate Manager enables banks to consolidate multiple price feeds and produce high performance rates that can be published for real-time execution or indicative pricing. Together these products provide banks with the tools to maximise revenue generation.

David Mallinder, Business Development Director at Eurobase Banking Solutions, commented: ‘’We are delighted that Allied Irish Bank has chosen our Siena Gateway to provide a core FX rate hub. The win further underlines Eurobase’s position in the e-markets as a provider of high performance and flexible best of breed solutions with an unrivalled delivery reputation. We expect to announce further project wins with other clients in the near future”.

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