Fund-Technology.com

List offer real-time CDS positions updates

Posted: 09 December 2008

List, the technology provider, has launched the front office system, FMR Position Keeping, providing market makers with an integrated and real-time view of their positions across credit default swaps (CDS) as well as interest rate futures and bonds. Seamlessly integrated with FastTrade, List’s trading platform, this front-office solution connects traders directly to Europe’s electronic exchanges, enabling immediate reaction to both over-the-counter (OTC) and exchange-based market movements.

Enrico Melchioni, FMR CEO, comments: “Credit default swaps have been in the spotlight during this year’s global financial market meltdown and financial institutions are more aware than ever of the need for an accurate and real-time view of their exposure to interest rate and credit risk. FMR Position Keeping provides an integrated, real-time view of aggregated bond and CDS positions enabling traders to react quickly to market opportunities and threats.”

Developed by FMR Consulting, List’s financial mathematics division, the solution offers real-time calculation of profit and loss, net revenues from funding, risk exposures, durations and benchmark equivalents.

The FMR Position Keeping system shares a common interface and is fully integrated with FastTrade’s components. In particular, integration with FastTrade’s pricing and auto quoting engines ensures data consistency and enables traders to control pricing, view positions and connect to multiple trading destinations from a single window.

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