The Siena Gateway replaces the bankâs current eFX system and incorporates highly flexible rules-based processing for ESP, RFQ, RFSQ and Dealer Intervention. Full lifecycle price and trade acceptance performance has been measured at near-zero latency including pre-trade e-credit checking.
Joerg Tuerk, head of eTrading IT team at WestLB AG, said: ââHaving 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. 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.â
David Mallinder, business development director at Eurobase Banking Solutions, commented: âAs 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. Demand for Eurobaseâs products has increased significantly during 2008 and we look forward to announcing further wins in the very near future.â