Siena Rate Manager

Deliver the right price, at the right time. Every time.

Eletronic trading price management

Good price management underpins all electronic trading. Customers are gained through competitive pricing, and profit is maximised by keeping risk low. Siena Rate Manager automates the essential functions for banks engaged in e-trading, enabling them to accept and consolidate multiple price feeds, blend, spread or skew prices, then sanity check them against market tolerance and volatility. The resultant base price generated can then be used to create high quality rates that can be published for real-time execution or indicative pricing.

The first step in executing an automated e-strategy is ensuring the bank has a highly functional and reliable rate engine. Many large banks have made a major investment building their own rate engine to capitalise on the revenue opportunity presented by e-trading. Siena Rate Manager is a very cost effective turn-key solution for the next generation of banks gaining access to and exploiting the revenue stream offered by e-trading.

Deliver the right price, at the right time. Every time.

The old adage that the early bird gets the worm is especially true in today’s e-trading marketplace. On many multi-bank platforms the range of prices is extremely narrow resulting in a growing trend of dealing on the first good price available. Under these highly competitive conditions it becomes imperative for successful market makers to ensure that their prices reach their customers faster than the competition. The Siena Rate Manager delivers reliable, robust prices with a market leading near-zero latency.

The ability to blend, spread (tighten, widen or spread from mid) or skew prices to reflect the bank’s view of the market or underlying position exposure delivers finger tip control of out-going pricing. The bank has full reactive control of market conditions, eliminating the delivery of unprofitable pricing and preventing latency arbitrage. Complete control of externalised rates maximises revenue and minimises market risk.

Siena Rate Manager will monitor spikes and assess rates against tolerance and volatility benchmarks then shut down rogue feeds isolating banks and their customers from the risks that could result in their position becoming oversold or overbought. In an unpredictable market, no organisation can afford to be out-of-the-money or out-of-the-market and unable to respond.

Precice real-time control.

Siena Rate Manager delivers the precise real-time control that banks need to ensure high quality pricing. When banks deliver a reliable service to their customers, reputation builds as a trustworthy provider ensuring customers come back, again and again.

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