Scalable Platform for FX Derivatives Trading and Processing
In the mature and competitive FX derivatives market, an integrated front to back STP platform is a valuable advantage that not only minimises cost but also keeps market, counterparty and operational risks under control. Organisations that are coping with challenges such as growing volumes of trades, an increasing complexity of products and the 24/7 nature of the FX business require a well-tuned trade lifecycle management process supported by the proper technology tools.
The increase in the number of transactions and in their sophistication, the volatile market conditions as well as an ever changing competitive and regulatory environment are reshaping the FX derivatives business making highly automated yet flexible platforms a must.
Our expertise
Misys Sophis offers a unique straight through processing platform designed to scale in volume and complexity. It provides a user-friendly and efficient work environment for all users from trade initiation to back office processing. Connectivity to market data vendors and electronic trading platforms allows portfolio managers and traders to manage their risk in real time using sensitivities and custom scenario analysis. The system's powerful library of analytics contains valuation and risk models for all vanilla and exotic FX derivatives. It also provides sales and traders with extremely powerful structuring tools for FX and hybrid products allowing them to respond to all customers' needs and to achieve record times to market. After the trade is booked, a custom workflow that adapts to the product requirements and to the customer's specific requirements is applied. Trade affirmations and confirmations can be automated using market standard protocols and tools. Deal lifecycle events (fixings, barrier crossings, expiries, exercises…) are applied automatically, operations users are notified and counterparty notices are generated in their preferred format.
Product Coverage
- Spot and forward FX deals
- Currency swaps
- Cross currency swaps
- Currency futures and options on futures
- Vanilla options (American, European and Bermudan)
- Average strike, average rate and double average options
- Knock In, Double Knock In, Knock Out and Double Knock Out options
- Digital options
- One Touch, Double One Touch, No Touch, Double No Touch options
- Structured currency baskets and hybrid baskets products
Find out about our solutions and technology
Learn more about our customisation
Read our quantitative team publications
