Eurobase wins eTrading project with Rand Merchant Bank
Rand Merchant Bank (RMB) has selected Eurobase to provide a complete e-trading platform.
Rand Merchant Bank (RMB) has selected Eurobase to provide a complete e-trading platform. RMB is the investment banking arm of First Rand, one of South Africa’s largest financial services groups.
RMB will use Eurobase’s Siena, Siena Rate Manager and Siena eTrader for front office internal trade capture, high performance pricing, margin management and to enable its customers and branches to trade directly via a single platform in, initially, Forex and Money Market products. Additional asset classes such as Fixed Income, Interest Rate Derivatives and Options are planned for future phases.
“With strong core business functionality, powerful rate management and support for one click trading trade via a market leading execution platform”, Eurobase’s David Mallinder comments, “our Siena eTrading Solution will provide RMB with a very strong infrastructure to support the growth of its emarket business’’