WestLB chooses FX rate engine D-3

7 May 2009

WestLB in Germany has decided to use the D-3 Pricing System developed by Hamburg-based technology vendor Digitec.

The sophisticated and reliable new platform was selected to replace the existing pricing infrastructure. The bank went live with Spot and Forward rates in March.

D-3 clients are installed in Düsseldorf and globally. The system provides various applications with real time updates of FX rates. This includes front office systems and e-commerce applications as well as the distribution to sales desks in different locations.

Digitec sees a growing interest of major banks to replace spreadsheet based pricing solutions with the client server architecture of D-3, that ensures high availability combined with low latency.

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