Eurobase Announces eFX Price Streaming Project with WestLB
WestLB AG has selected Eurobase’s Siena Gateway product to distribute high performance FX pricing to various channels, e-FX multi-bank portals and proprietary platforms. Siena Gateway will provide WestLB AG with a strategic tool for the near-zero latency streaming of prices – initially to the 360T platform.
The Siena Gateway replaces the bank’s 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: ”Having 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.”