COR Financial Solutions, a provider of asset management and banking software, has completed a sale of its TBA Trader product to a large global asset managers.
TBA Trader is a front-end TBA management system, incorporating an optimization engine and a real-time EPN (Electronic Pool Notification) Interface. The product is also modular, allowing clients to license specific modules, which include TBA Trading Module, which supports overall TBA management with efficient and effective communications systems, record-keeping, reporting and trade-entry.
Also included is the TBA Optimization Module that includes a TBA optimization engine, which automatically allocates pools for TBA trades. The optimization module enables users to filter inventory in order to keep desirable pools, automatically allocate MBS pools in BMA good delivery format and avoid the splitting of pools.
Further, TBA Trader has EPN-Link, a real-time TCP/IP computer-to-computer interface to the EPN network that automates the transmission and receipt of pool allocations, eliminating the re-keying of data, reducing errors and ensuring deliver prior to cutoff time.