Linedata, a solutions provider for investment managers and credit based industries, has enhanced its front-office platform to help the buy-side better deal with incoming swaps regulations.
The new Linedata front-office trading platform will have enhanced portfolio management tools and workflows, expanded execution tools and analytics and streamlined allocation tools, to meet the growing needs of the buy side business.
New regulations in the US and European OTC derivatives markets will from next year require many swaps to be traded on exchange-like platforms, cleared through central counterparties and reported to specifically-created data repositories.
Linedata’s front office trading platform is designed to help investment managers meet the new rules by enabling them to consolidate and manage prime broker holdings as a single portfolio, while simplifying and streamlining order generation and automatic pre-trade compliance.
This latest version will also offer prime broker allocation rules to enable straight-through-processing and enhanced fixed income and swap workflows.
Linedata has also introduced an execution analyser in the new version to help traders view how each broker executes orders in real time. With the ability to look at multi-day views, traders can track how each broker is doing versus a benchmark and see how an execution is progressing. Additionally, a graphical display of real-time top and bottom outliers for over 30 key metrics allows traders to easily identify and focus on problem orders immediately.
“As markets continue to evolve, it is essential that Linedata provide clients intuitive and scalable workflows for executing trading strategies. Our solutions help buy side firms to be more efficient with all their trading tools on one platform,” said Gavin Little-Gill, global head of asset management product strategy at Linedata.
By Jaya Menon