Case Study: WestLB achieves a single integrated FX/MM trading platform and 360T connectivity with Eurobase's siena eTrader

WestLB - Customer Case Study

WestLB, a European commercial bank and central institution for savings banks in North Rhine-Westphalia and Brandenburg, needed to replace legacy auto‑trading infrastructure and upgrade its web-based FX/MM platform to support both its 360T customers and single‑bank platform clients. Working with Eurobase, WestLB sought an upgrade to siena eTrader plus connectivity to 360T via the siena Gateway to reduce hardware and support costs, better integrate internet trading with its global limits system, and create a foundation for expanding internet trading without disrupting existing services.

Eurobase delivered a two‑phase implementation: the siena Gateway with a 360T adaptor (deployed in 2009) and an upgraded siena eTrader (completed April 2010), then migrated 100+ savings banks and 1,000+ customers between April and October 2010 while running systems in parallel. As a result, WestLB met its objectives—achieving cost reductions, stronger integration with pricing/limits and back‑office systems (Reuters RFA, FpML over MQ), improved performance and reliability, and positive feedback from savings‑bank customers—demonstrating Eurobase’s solution provided a scalable platform for future internet trading expansion.

WestLB

Matthias Schlier

e-Trading IT Manager