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 feeds 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 currently notices a growing interest from major banks in replacing spreadsheet based pricing solutions with the client/server architecture of D-3, that ensures high availability along with low latency.