List, a technology provider, launches FMR Position Keeping tool integrated with FastTrade, List’s multi-asset class trading platform.
New front office system provides market participants with comprehensive and real-time view of their positions across interest rate futures, credit default swaps (CDS) and bonds. Due to FastTrade new capability connects traders directly toEurope’s electronic exchanges, enabling immediate reaction to both over-the-counter (OTC) and exchange-based market movements.
List’s financial mathematics division developed by FMR Consulting offers real-time calculation of profit and loss, net revenues from funding, risk exposures, durations and benchmark equivalents.
FastTrade’s single interface manages the peculiarities of each asset class. On top of this, a range of customisable modules also support pre- and post-trade risk. FastTrade’s pricing engine, FMR PricingSystem, automatically prices hundreds of different instruments in a multi-market environment and its calculation engine, FMR4000, offers a financial calculation library and a dedicated database system forpricing and risk management calculations.
Our new FMR Position Keeping system provides an integrated, real-time view of aggregated bond and CDS positions enabling traders to react quickly to market opportunities and threats, says Enrico Melchioni, CEO, FMR.
With pressure to trade CDS products on regulated and transparent exchanges, there is an increasing need for a system such as FMR Position Keeping to automatically aggregate OTC or exchange-based deals and provide an enterprise-wide view of pre- and post-trade risk, via a single interface, continues Enrico Melchioni.
L.D.