Swed­bank boost FX flows with Quasar eFX.

Swed­bank has been in pro­duc­tion with Aphelion’s Quasar low latency eFX suite since October of last year and reports aggres­sive growth in their e-FX busi­ness since.

“The results of the imple­men­ta­tion have exceeded our, already, quite ambi­tious expec­ta­tions,” says Madeleine Persson, Head of FX/FI Busi­ness Enabling.
At Swed­bank we have an expan­sive strategy, espe­cially within FX and with Quasar´s low-latency plat­form we have been able to increase auto­pricing to more cur­rency pairs and tenors and to larger amounts. We are cur­rently auto­quoting more than 100 cur­rency pairs. Our eFX flows are now sev­eral mul­ti­ples higher than six months ago. We find the Quasar plat­form to be excep­tion­ally ver­sa­tile and configurable.