Trading platforms extend multi-asset capabilities
FlexTrade Systems, the execution and order management system (EMS/OMS) provider, has added two new trading solutions to its FlexOPT options trading repertoire: FlexOPT-RM, a risk management and stress testing platform, and FlexOPT-OMM, an order-driven market-making platform.
According to Vijay Kedia, president and CEO of FlexTrade, FlexOPT-RM and FlexOPT-OMM represent the next generation in the company's options offering. “We've had a primary options OMS & EMS platform called FlexOPT for a number of years now,” he said. “But with the growth and complexity of electronic trading in options, the need for additional platforms became apparent.”
FlexOPT-RM offers real-time risk and stress analysis whereby traders can analyse risk by portfolios, sectors, traders, accounts or any level of aggregation or hierarchy.
FlexOPT-OMM, for advanced options traders, provides a user interface for configuring an order strategy and a pricing engine that can be customised by the trader and loaded into the system as a dynamic module. Positions can be grouped and viewed at various levels, and a hierarchy of risk limits is included to ensure that the trader can manage risk in real-time. The risk limits can be specified for position quantities, as well as Greeks such as delta, gamma and vega.
Meanwhile Tradeweb, the fixed income and derivatives markets operator, is enhancing its European credit platform with the addition of European high-yield bonds. The expansion of the multi-dealer-to-customer platform follows a period of intensive growth in trading by asset managers on Tradeweb, resulting in an increase in monthly credit trading volumes of 269% over the last 18 months.
“Investor interest in high-yield bonds has coincided with a boom in issuance over the past two years. It made sense for us to offer clients a more efficient way to invest in these securities,” said Rupert Warmington, head of European credit at Tradeweb.
There are 21 dealers providing liquidity for high-yield bonds on Tradeweb's credit platform, which was launched in June 2006.