WestLB signs for Eurobase's Siena e-Trader

WestLB signs for Eurobase's Siena e-Trader

Germany's Westdeutsche Landesbank (WestLB) is implementing Eurobase Banking Solutions' browser-based front-end trading application, Siena e-Trader, which it will use to provide online multi-product trading and order management services to clients.

Eurobase says the front-end will provide access to a range of products, including FX, money markets and derivatives. Streaming prices from WestLB's existing rate management system will be fed into the Siena pricing engine for display on e-Trader.

Frank Schmidt, director e-trading and IT strategy, WestLB, says: "Using e-Trader allows us to provide part of our internal trading functionality to our clients – thereby implementing another key component of our virtual trading floor initiative."

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