WestLB drops RealStream
The German dealer had been using the Cognotec rate manager since 2002 to quote rates, and used Eurobase's e-Trader for trading. However, when Eurobase introduced the Sienna Gateway module to quote FX as well as money-market rates, the bank decided to switch.
"We were happy with the previous e-FX provider but we ended up having two platforms that were doing the same kind of business," said Joerg Tuerk, head of the electronic trading IT team at WestLB in Düsseldorf. "Eurobase was able to do more
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