Siena Rate Manager

Maximum Speed. Ultimate Control.

Efficient access to financial markets is becoming essential as institutions face the growing demands of managing global liquidity on multiple execution venues. Only ‘best of breed’ technology can deliver speed to market, connectivity and improved workflows to compete in this fast-moving market. To prepare for the future, organisations will need to embrace an e-trading solution that provides an holistic approach to the market. Eurobase with its Siena e-trading solution has the expertise and the proven technology to satisfy your organisation’s immediate and future requirements.

Quality price management underpins all electronic trading. Customers are gained through competitive pricing, and profit is maximised by keeping risk low. Siena Rate Manager automates the essential functions for banks engaged in e-trading, enabling them to accept and consolidate multiple price feeds, blend, spread or skew prices, then sanity check them against configurable market tolerance and volatility benchmarks. The resultant base prices generated can then be used to create high performance rates that can be published for real-time execution or indicative pricing.

The first step in executing an automated e-trading strategy is ensuring the bank has a highly functional and reliable pricing engine. Many large banks have made a major investment in building their own pricing engine to capitalise on the revenue opportunity presented by e-trading. Siena Rate Manager is a cost-effective turn-key solution for the next generation of institutions gaining access to and exploiting the revenue stream offered by e-trading.

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Deliver the right price, at the right time. Every time.

The old adage that the early bird gets the worm is especially true in today’s e-trading marketplace. On many multi-bank platforms the range of prices is extremely narrow resulting in a growing trend of dealing on the first good price available. Under these highly competitive conditions it becomes imperative for successful market makers to ensure that their prices reach their customers faster than the competition. The Siena Rate Manager delivers reliable, robust prices with a market leading near-zero latency.

Fingertip control of out-going pricing is provided by the ability to blend, spread (tighten or widen) or skew prices to reflect the bank’s view of the market or underlying position exposure. The bank has full reactive control to market conditions, eliminating the delivery of unprofitable pricing and preventing latency arbitrage. Complete control of externalised rates maximises revenue and minimises market risk.

Siena Rate Manager assesses rates against configurable tolerance and volatility benchmarks. Failed rates are flagged to allow an organisation either to accept or reject such rates. This isolates organisations and their customers from the risks that could result in their position becoming oversold or overbought. In a volatile and unpredictable high-volume market, no organisation can afford to be out-of-the-money or out-of-the-market and unable to respond.

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Gain and Retain Customers

Siena Rate Manager delivers the precise real-time control that organisations need to ensure high-quality pricing. When banks deliver a reliable service to their customers, their reputation as a trustworthy provider grows - ensuring customers come back, again and again.

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Siena Rate Manager

The key solution for underpinning a successful e-trading strategy.

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