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WestLB Takes Gissing RealtimeXL for Distributing FX Deposit Rates

WestLB has deployed Gissing RealtimeXL from Gissing Software to enable money markets traders based in Dusseldorf, London, New York and Tokyo to contribute FX deposit rates to internal audiences via the bank’s intranet.

 

Gissing RealtimeXL is a high performance real-time add-in for Microsoft Excel that provides access to and contribution of market data from the desktop. It has been deployed alongside WestLB’s existing Gissing ConteX MCS multi-contribution system.

 

WestLB’s money markets desks are using the software to automatically calculate quotes for short-term loans and deposits in pre-defined currencies and to contribute these to the bank’s intranet. These quotes are binding for all internal deals, up to specific volumes, and can be accessed globally by any authorised internal user.

 

Gissing says RealtimeXL is easy to install and configure and saves the bank from having to install a separate contributions infrastructure in each location.

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