You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
NEWS<br />
WestLB goes Live with Eurobase’s Siena Gateway<br />
WestLB has gone live<br />
with Eurobase’s market<br />
leading price<br />
distribution solution, Siena<br />
Gateway. The product replaces an<br />
existing vendor system at the<br />
Bank and is, initially, providing<br />
connectivity and FX trading<br />
capability to the 360T platform.<br />
‘’We are delighted with the<br />
deployment of the Siena Gateway<br />
and its use for such a key area of<br />
our e-trading business and look<br />
forward to concluding further<br />
phases including upgrade of our<br />
Single Bank Platform Siena<br />
eTrader’’ said Chris Johnson,<br />
Head of eTrading at WestLB.<br />
“We are delighted to have<br />
delivered Siena Gateway to<br />
12 | january 2010 e-FOREX<br />
manage such a crucial area of the<br />
Banks eFX business. We are<br />
seeing a marked increase in the<br />
number of banks now looking to<br />
be<strong>com</strong>e automated price-makers<br />
Numerix introduces suite of<br />
trader applications<br />
Numerix has introduced its<br />
suite of Numerix trader<br />
workbook applications –<br />
Numerix FX Trader, Numerix<br />
Rates Trader and Numerix Credit<br />
Trader. FX Trader and Rates Trader<br />
join the newly enhanced Numerix<br />
Credit Trader application which<br />
was launched earlier this year, with<br />
all three <strong>com</strong>prising the suite of<br />
Numerix workbook applications.<br />
Numerix FX Trader:<br />
• facilitates rigorous pre- and<br />
post trade FX analysis<br />
• provides risk reporting and<br />
monitoring capabilities that<br />
include Rho Phi and Delta<br />
Gamma worksheets for<br />
monitoring FX spot-price risk<br />
• analytical modeling capabilities<br />
and volatility smoothing<br />
features for: Black-Scholes,<br />
Dupire, Heston, SABR and<br />
Vanna Volga models.<br />
PFSoft offer MyExchange technology<br />
PFSoft has released a new<br />
version of ProTrader, adding<br />
new functionality for<br />
trading between traders within<br />
the trading platform. The basis<br />
for this is an orders matching<br />
engine with splitting execution.<br />
With MyExchange technology the<br />
broker is able to create his own<br />
Exchange or ECN in order to<br />
have more transparent pricing and<br />
risk management. From now any<br />
broker can use local orders<br />
execution without any risk." said<br />
Denis Borisovsky, CEO of PFSoft<br />
Company. "It saves <strong>com</strong>missions<br />
paid to external liquidity<br />
providers and at the same time<br />
provides traders with better<br />
spreads, aggregated from external<br />
and local orders".<br />
or wishing to replace legacy e-FX<br />
trading products and are<br />
convinced our Siena e-Solution<br />
provides the optimal mix of<br />
performance, scalability and rich<br />
functionality to service their<br />
requirements’’ <strong>com</strong>ments David<br />
Mallinder, Business Development<br />
Director at Eurobase.<br />
BT expands<br />
beyond MT4<br />
Boston Technologies (BT) is<br />
expanding its portfolio of<br />
products to include not<br />
only STP solutions for the MT4<br />
<strong>com</strong>munity, including names like<br />
CitiFX Pro, FXCM, dbFX and<br />
MF Global, but a portfolio of<br />
solutions enabling BT to supply<br />
FX brokerages with nearly every<br />
service they could possibly need,<br />
large or small.<br />
"We are delighted to be taking<br />
this step to widen our market<br />
focus. We are not de-focusing<br />
from MT4, we just think we can<br />
do a better job faster and cheaper<br />
in more areas than most brokers<br />
can themselves, simply by<br />
automating, defining robust,<br />
reliable processes, using<br />
economies of scale and sharing<br />
best practices," says George<br />
Popescu, CEO of the Boston<br />
Technologies.
Change language