AIB to Deploy Eurobase Gateway

The platform enables the bank to add rate management, margin control and connectivity to its whole infrastructure. The rate management features include spike monitoring, volatility and spread checking, officials add.

The Siena Gateway supports highly granular and sophisticated margin management for onward price distribution, says David Mallinder, business development director at Eurobase in London. "Due to the nature of the project and the operation of the system within the bank's environment it was more appropriate to use the gateway with the appropriate algorithms embedded rather than the full functionality of the Siena Rate Manager," he adds.

New channels can be added to the gateway within a matter of weeks, as it only requires the addition of a new adaptor rather than a new system implementation, say vendor officials.

The Siena Gateway can be extended to control the high-performance streaming of prices to various channels, eFX multi-bank portals and proprietary platforms via adaptors. The system has been specifically built to offer scalability and is not restricted to trade volumes or end-user numbers. Clients can run multiple instances of the gateway on multiple hardware platforms facilitating unlimited capacity restraints, say officials.

The system incorporates highly flexible rules-based processing and provides support for executable streaming prices (ESPs), request for quotes (RFQs), request for streaming quotes (RFSQ) and dealer intervention.

The vendor has a pipeline of bank deals for the system in the fourth quarter of this year, ranging between tier-one and tier-three banks, says Mallinder. "We are at various stages of project implementations," he adds.