ORIMOS S.A., the specialist provider of high-performance pricing engine technology, announced Wednesday that Scandinavian bank SEB has selected its SONARIS/Bonds solution to provide pricing methods and comprehensive instrument coverage allowing SEB to calculate a wide range of bond prices.
SONARIS/Bonds enables SEB’s traders to quote bond prices at high speed and reliability and allows pricing based on real-time market data, a news release from ORIMOS S.A. said. By enabling automatic processing of calculations, the system lets traders concentrate on tracking market movements and entering pricing parameters, from which quotable prices will instantly be updated.
Michael Frisch, SEB AG Head of Capital Markets said, ‘We wanted to give our fixed-income traders the best productivity tool available in the market. This meant guaranteed performance in fast markets, 100 percent reliability and excellent usability. During months of production use, SONARIS/Bonds has fully lived up to our demanding requirements. We are very happy with our decision to work with ORIMOS.”
Guido Hagemann, CEO of ORIMOS said, “SEB’s fixed-income practice is entering an exciting period and we are very happy to be working with them. SONARIS/Bonds has the functionality to meet their current needs and can be customised and expanded to meet future needs due to the scalable architecture of our system. We are looking forward to continuing our relationship with SEB in the future.”