London, UK – 30th April 2009 - Sogeti, one of the world's foremost providers of Local IT, Professional and Test services, has been commissioned by Eurobase Banking Solutions to independently test and verify the performance and scalability of its Siena e-solutions.
With financial markets currently being so volatile, never have performance and latency been such hot topics in the e-FX market. In recognition of this, Eurobase viewed it to be essential that its FX esolutions be independently tested and verified. Performance and scalability, in particular of price generation, price delivery and trade execution are key factors for such solutions and by working with Sogeti to test and verify its Siena e-solutions, Eurobase is signalling the importance it attaches to the performance and scalability of its products.
Sogeti and Eurobase have jointly conducted a number of performance and scalability tests on Eurobase’s Siena Gateway and Siena eTrader products. The comprehensive measurements obtained across multiple runs were formalised by Sogeti and presented to Eurobase.
Sogeti’s test results confirmed the strength of Eurobase’s Siena products. Sogeti verified the performance of the Siena Gateway across a number of simulated electronic communication networks (ECNs) using Eurobase’s FIX adapter. With five connections each streaming 28 currency pairs, Sogeti verified the mean average executable streaming price (ESP) delivery times of 15 milliseconds (ms)
and the 99th percentile delivered within 43ms.
A number of tests were also executed across different numbers of concurrent Siena eTrader users. With 600 concurrent Siena eTrader users being streamed executable spot, swap and outright prices, Sogeti verified mean average ESP delivery times of 7ms and the 99th percentile delivered within 51ms. Each user was continually executing a spot, swap or an outright trade with all trade confirmations being returned inside 380 ms.
Brian Shea, CEO of SOGETI UK said “This project was a rather unique project for us as we rarely see customers so open and upfront about the quality and speed of their systems. Eurobase’s confidence in its product is demonstrated by its openness with the results. Sogeti and Eurobase in partnership will deliver more benefits for customers that accept such an open approach. This was a great project and we look forward to a long relationship.“
“As a leading supplier to the e-FX & MM arena, Eurobase recognises the importance of obtaining independent, credible and relevant measurements to verify product performance and scalability of the Siena suite of products,” said Joe Locke, Operations Director at Eurobase Banking Solutions. “We found Sogeti extremely capable throughout the testing and are pleased with the benchmarks they
provided within the report.”
About Sogeti UK
Sogeti is a global leader in the provision of professional technology services, specialising in Application Management, Infrastructure Management, High-Tech Engineering, QA and testing services. With over 20,000 employees in 14 countries and our world leading methodologies TMap® and TPI®, we support numerous clients with a range of QA and testing specific services tailored to meet specific technical and/or business requirements/objectives, managing risk and producing identifiable results to include, but certainly not limited to, reduced cost (>25%), improved quality, reduced time to test, increased coverage and reduced risk. Sogeti delivers practical services, built on more than 40 years of global experience.
Sogeti is a wholly-owned subsidiary of the Capgemini Group, listed on the Paris Stock Exchange.
For more information, please visit www.uk.sogeti.com
About Eurobase Banking Solutions:
Eurobase Banking Solutions is a division of the Eurobase International Group,which is a global software and services group. The group operates across a broad range of markets including FX, MM, treasury, insurance, reinsurance, IT consultancy, technical services and recruitment. Established in 1988, Eurobase’s over 200 employees and contractors support clients throughout the world. Clients
include market leaders such as WestLB, Standard Chartered Bank, Hannover Re Group, Logica and Dow Chemical Company. Eurobase prides itself on the strength of its partnerships with leading technology providers such as IBM, Oracle, Microsoft and Hewlett Packard.
For more information, please visit http://www.eurobase.com
For further Information contact:
Melanie Hesketh / Ellie Turner
Prompt Communications on behalf of Sogeti UK
Tel: +44(0) 208 996 1653
Eurobase Banking Solutions, Marketing Manager
Tel: +44 (0)1245 496 706
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