German bank WestLB has rolled out Gissing Software's RealtimeXL software, which enables users to contribute and retrieve real time market data within Microsoft Excel, to money markets traders in Dusseldorf, London, New York and Tokyo.
The RealtimeXL input handler has been added to WestLB's existing implementation of Gissing's ConteX multi-contribution system (MCS).
The application, which went live in January, is being used by the bank's money markets desks to automatically calculate quotes for short-term loans and deposits in pre-defined currencies. These are then displayed on the bank's intranet.
Alexandra Balloff, global head, market data, WestLB, says: "Integrating Gissing RealtimeXL with our existing Gissing ConteX contributions architecture allows us to extend the ability to make contributions to a specific community of users on our money markets desks around the world."
Richard Gissing, CTO, Gissing says that the interface between RealtimeXL and ConteX means that "the money markets team at WestLB are able to publish and subscribe to data from Gissing ConteX directly".
Gissing upgraded RealTimeXL in January, adding three wizard formula builders for handling and manipulating real-time market data.