Eurobase to Supply Standard Chartered with FX Gateway
Eurobase Banking Solutions has won a contract to supply Standard Chartered Bank with its Siena XML Gateway. This Gateway will be used at first to provide connectivity between the bank’s in-house rates engine and the dealing interfaces, or portals, where end-users and intermediaries can deal with the bank in a wide variety of currencies and products. The Gateway will provide a generic connectivity infrastructure for the bank’s trading and web marketplaces. The bank plans further automation of its foreign exchange liquidity management using the Gateway so that it offers pricing to corporate customers, financial institutions and other banks on the widest possible number of currencies and so that these customers are offered competitive rates even for non-standard currency pairs. The bank recognises that customers have differing requirements and in this respect wants to offer this service through as many channels as possible on a real-time basis.