Wall Street Systems launches new structured products software

The new credit derivatives module supports both single names or baskets of a range of credit derivatives, including total return swaps, credit-linked notes and credit default swaps. It supports a range of functions including pricing, trade structuring and valuation, and scenario analysis.

Its structured products framework enables banks to create, price, process and risk-manage new deal structures using their own models and software. This allows banks to continue creating new products and models from existing sources such as Excel spreadsheets, the company said. It supports all capital markets instruments in all major currencies and most emerging markets, it added.

Both are available as standalone systems, although Mike Thrower, director of marketing at WSS, said he expects more customers to take them as part of a fully integrated treasury and capital markets system.

The price of the systems varies according to the exact functions required and the size of the organisation where it will be implemented, he added.

Wall Street Systems has tested the new products with a select group of un-named clients since January this year. It plans to offer the products on general release next week.

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