Interest rate products

Every debt market has its own characteristics. Trading strategies are as individual as the bonds you trade.

So, we customise your trading and risk systems to suit your chosen products, whether you’re trading high volume Government and corporates, emerging market, low grades and illiquids, or complex, structured products.

For Government and cash bonds, we enhance your e-commerce system to protect your liquidity and meet your obligations as a market-maker. We help you:

• react instantly to changing market conditions
• limit market and credit exposure
• neutralise the impact of system failures
• launch exotic interest rate products

As part of an enriched trading environment, we can share and communicate your sales-trader recommendations, online analytics and fundamental research.
 
We design and build robust trading systems, which typically include:

• fast, accurate rate-making engines
• algorithmic strategies for efficient volume trading
• multi-market trading interfaces for consolidated pricing
• reliable, low latency market communications
• model integration to standardise middle and front office analytics
• data consolidation for research
• risk control and failsafe measures

A centralised rates engine can give you control over the prices generated from your traders’ spreadsheets before they hit the market. This reduces latency and operational risk. But traders can still run personalised trading strategies and integrate their own models.

Our experience in interest rate products

• We restructured our clients' quantitative models for use on a global scale by 500 concurrent users. Parallelisation techniques, such as grid computing, were used and products included Bermudan and American swaptions, callable range accruals and PRDCs and TARNs.
• We developed a global eCommerce system that enabled traders to meet their market obligations. An intelligent rates engine automatically managed all streaming quotes and ECN connections. The system supported real-time workflows, such as dealer intervention.
• We've developed a number of trading and research portals, including an online portal that combined interest rate and economics research with news and analytics. In-depth, real-time information gave sales-trading customers a real edge in researching and analysing their positions.

Our technology services

• e-commerce and market connectivity
• exotic and structured product pricing
• rates engines and liquidity management
• research portals and workflows
• risk controls, such as liquidity management
• pricing models