Benefits
Real-Time Credit Check for Treasury eCommerce enables banks to address the growth in e-trading importance with the capacity for greater volume and speeds, while reducing the cost per trade through a more effective use of limits and availability.
Enhances speed and accuracy of credit checks
An RFQ for a FxFwd with full simulation, including full scenario-based simulation with limit checking using collateral and netting, is performed and delivered back to the originating system in under 10 milliseconds, while delivering a peak throughput in excess of 250 transactions per second. Algorithmics' treasury e-commerce solution utilizes low cost computing platforms to produce its industry-leading performance, leveraging existing infrastructure if possible.
Improves limit utilization
The intraday capabilities of the treasury e-commerce solution provide the mechanisms to automate the manual administration of credit in online trading. The combination of up-to-date intraday exposures, intraday excess reporting, and the capability to generate soft limit breach events, offers the opportunity to automate intraday credit administration and remove sales operations from involvement in the disruptive credit referral process.
Enables intraday monitoring
Intraday monitoring of a client's credit status is considered prudent by regulators. This is true of prime brokers dealing with hedge funds as well as institutional sales in general. Algorithmics' treasury e-commerce solution provides a real-time foundation to support intraday monitoring, an infrastructure that typically does not yet exist in sell-side institutions.
Increases capacity for trading volumes
The speed and sophistication of Algorithmics' real time credit check solution supports increased sales volumes in a treasury e-commerce environment through more effective use of availability. By updating availability in real time, the solution is able to provide a greater degree of accuracy and transparency.
Featured Case Study
Ready to Comply
Credit Suisse First Boston benefits from a proactive approach to regulatory compliance.