Swedbank has selected Eurobase’s market leading Siena Rate Manager product to control and publish high performance FX & MM tradable prices for distribution to multiple execution channels.
This new project win follows the successful delivery and implementation of Eurobase’s Siena Gateway product which was commissioned for live use for streaming prices to the FXall platform in less than 11 weeks.
The Siena Rate Manager delivers reliable, robust prices with a market leading near-zero latency. The Bank has the ability to blend, spread (tighten, widen or spread from mid) or skew prices to reflect the bank’s view of the market or underlying position exposure.
Siena Rate Manager will monitor spikes and assess rates against tolerance and volatility, eliminating the delivery of off-market pricing and preventing latency arbitrage. Complete control of externalised rates maximises revenue and minimises market risk, delivering the precise real-time control the bank requires.
David Mallinder, Business Development Director at Eurobase Banking Solutions, commented: ‘In the eFX market space Eurobase has established a strong market position which is testament not only to our product functionality, which offers true differentiation, but also the confidence our customers have in our ability to deliver successfully. We are delighted with this project win and look forward to continuing our strong relationship with the Bank’’.