Kalahari, which provides price discovery and analytic solutions to financial and energy trading firms, yesterday launched a real-time bond and asset swap portfolio pricing system.The Hong Kong office of inter-dealer broker Icap was the first to sign up for the new system, and other customers are ready to follow, said the UK-based vendor.
Traders are often only able to price one bond at a time using their asset swaps screen, which provides only a snapshot, said Kalahari. The new system lets them price up to 200 bonds and asset swaps simultaneously, in real time. It also lets traders spread each bond priced against a benchmark government bond of their choice.
David Wright, Asia bond broker at Icap Hong Kong, said: "Our problem has been the time it takes to price over 200 Asian yankee/euro bond issues. If the market moves, we have to re-price. With Kalahari’s new system, each user can have up to 200 different issues pricing in real time. This means we can service our clients more efficiently.”
More on Technology
Markup language could reduce high levels of operational risk
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.