RTS Realtime Systems Group has launched a number of services supporting swap execution facilities (SEFs), including a matching engine solution and connectivity to the major clearing houses capable of clearing swaps.
“We are especially pleased to offer this critical solution to meet the needs of the new regulated SEFs and support the Dodd-Frank Act’s goal of increased transparency with real-time reporting and clearing and heightened risk management in the OTC markets, RTS CEO Steffen Gemuenden says.
SEFs using RTS technology will be able to offer market users a single platform for multi-asset OTC and exchange-traded execution, with the ability to offset their OTC contracts against underlying markets and provide coordination with their global trading strategy. Futures clearing firms and broker-dealers participating in these SEFs will be able to use RTS technology to set and control risk levels on the platform, with functionality for risk monitoring and the application of built-in limits.
The off-the-shelf Central Order and Routing & Execution System (RTD CORE) will provide the technology to match orders electronically, then send the trades to the respective clearing houses.
Our solutions, when customized for this purpose, offer a one-stop, cost-effective resource that enables SEFs to get to market quickly and securely without making substantial investments in new infrastructure, Gemuenden says. We expect to complete the connectivity to the major clearing houses supporting SEFs by the end of the year.”
(CM)