ATS is tightly linked to the trading system based two-way interface. Price requests, simulations and trades can thereby easily be processed without any manual intervention.

 

IRGIT CH's Automated Trading System (ATS) not only captures derivatives transactions of pre-configured structures but also supports the product creation process itself. ATS allows the design of arbitrary new product structures and makes those structures available to sales & trading or Financial Engineering.

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Complementary to the capturing of transactions based on pre-configured structures ATS provides a "free format" term sheet negotiation module which allows users to electronically support and capture even very exotic, new or rarely traded structures.

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Main Features

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• New products can be defined, configured & traded instantaneously via a “free format” term sheet module which allows users to electronically support / capture even very exotic, new or rarely traded structures.

 

• Direct link to information from Customer Database and to IRGIT CH Contract Repository (FCR) in order to check if Master Agreements are in place for a specific customer.

 

• Eliminates typical operational risks (misunderstandings, lost tickets, inconsistent confirms) involved in structuring & selling complex structured OTC derivatives by electronically supporting every step in the derivatives sales cycle. ATS keeps track of open quotes & supports Sales in the process of following up with the customer and is tightly linked to the trading system.

 

• Trade results are transferred directly into the Bank’s Risk Management System and Customer DatabaseTrades (even Multi Product Trades) can be split into Multi CP Transactions at trade capture time, providing a further increase in Straight Through Processing (STP).

 

• Typical option sensitivities can be analyzed by means of a 2D / 3D graphics simulation engine.

 

• Perform extensive simulations in order to tailor a product to customers’ needs calculations can be performed by the pricing engine of the risk management system or any dedicated pricing engine embedded or connected to ATS.

 

• Indicative Pricing can be obtained on demand from either the pricing engine of the risk management system or embedded ATS pricing engine.

 

• Supporting all workflows typically found in organizations involved in derivatives sales.

 

• Support of a variety of trade modes and workflows such as Good Till, Live Quote, Intraday Forwards, Limit Quote and Best Effort Quote.

 

• Pay-off analyzer module can be used to illustrate pay-offs of exotic structures and Multi Product trades and how the parameters of the structure components influence the pay offs.

 

• All Simulation Results can be exported into MS Office documents, where they can be used for the creation of dedicated customer offerings.

 

• Full audit trail functionality.

 

• Extensive MIS Reporting & Analysis Capabilities, including MS Excel reports directly out of ATS.

 

• Field based security concept ensures that, e.g., the “Sales quoted price” can only be entered by Sales.

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