FastTrade includes a scalable and distributed client-server system for the automatic generation of theoretical prices and hedging information for various financial instruments. The theoretical prices are generated based on market data from various sources, using financially consistent models (arbitrage-free).
Using state of the art financial models and leveraging on FastTrade distributed platform, the pricing engine allows a very small number of operators to efficiently control the theoretical price generation for a great number of financial instruments, by routing to different quotation markets, in a totally multi-market environment.
The system is divided into various modules, each with specific functions, and includes specific modules dedicated to interest rate curve management, real time price generation, and automatic hedging.
Different pricing strategies may be defined for each instrument, to provide theoretical prices for other platform components, including auto quoting and RFQ management.
FastTrade enables operators to send quotations on different electronic markets, automatically updating prices of proposals according to the changes in the market, following one of many possible user-defined pricing strategies.
The system offers advanced quoting and hedging features through an intuitive and user-friendly interface, with customizable quoting windows.
Inheriting all the connectivity capabilities of the platform, the smart quoting functionalities support multi-market quoting capabilities for each single instrument and can be integrated with the FastTrade Pricing System or external pricing models and tools (Excel and FT User Pages or proprietary systems via FT APIs, Java script, Brain3 algorithmic engine and more).
FastTrade supports dealers in defining their automatic responses to Requests For Quotes from customers on B2C markets.
The tool provides the operators with a high level of customization in terms of grouping customers and instruments, defining thresholds and answering rules.
The reference price used to answer a request for quote can have different sources, FastTrade Pricing Engine or custom built strategies.
All RFQ conversation data and answers are recorded in an open database, to be analyzed.
The position keeping system integrated in FastTrade is designed to provide real time information about portfolio position, profit and loss calculation and risk management of Fixed Income instruments and related derivatives. These functionalities may be delivered as a stand-alone solution or integrated with other position keeping systems to support full STP processing. Automatic reporting tools are also available to disseminate relevant data.
