Product
Derivatives Practice
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Tags: Derivatives, swaps, futures, options, risk, OMS, FIX, Front Office, STP
Overview
Hexaware has wealth of experience in providing integrated Derivatives trading solutions. Our solutions cater to areas like Straight through Processing, order management, electronic trading, front-office, middle-office and back-office derivatives trading activities. We have developed modern tools and technologies to provide solutions to the existing derivatives solutions and third party product implementations.
Hexaware’s derivatives practice service offerings include:
· Consulting – Portfolio Rationalization, Advisory, Reengineering, Modernization, IT Road Map and governance to modernize existing legacy Derivatives solutions · Independent Testing Services for Front office, Middle Office and Back Office using Rational and Mercury suite of products/tools · Application Development and Management: - Application Architecture and Design, Migration, Integration and Application Support and Maintenance for Proprietary and Third Party Systems. ·Derivatives Reporting and Data warehousing Services – Cognos, Actuate, Business Objects, Micro Strategy and Informatica · Third party products Implementation, Integration and Support - Calypso, Murex and Summit · Electronic Trading solutions - FIX, FXML, STP, Exchange Interface, Reference Data Mgmt, Market Data Mgmt, DMA, Order Routing · Compliance: Mifid, Basel II, SOX.
Practice Head, Corporate & Investment Banking
Hexaware offers comprehensive solutions and services to clients covering various Asset Classes:
· Equity Derivatives: Cash and basket trading, index and equity futures and options, exotic options, all kinds of convertibles and warrants, equity swaps and CFDs, equity-linked notes and structured deals · Interest rate Derivatives: Money markets, treasury bonds and repos, interest rate derivatives including exotics, emerging markets and structured deals · Credit Derivatives : Bonds, convertibles, loans, vanilla credit derivatives (CDS, credit options, baskets, etc.) and structured credit (e.g. structured CDOs) · Commodity Derivatives :Electricity, crude and refined products, natural gas, base metals and bullion, soft commodities
Our Derivatives Functional solutions ranges from Pre-trade to Post-trade covering front office, middle office and back office operations:
· Front Office: Trade order management, Trade execution, Data reception and distribution, Pre-trade compliance, Trade decision support and Portfolio Analytics · Middle Office: Risk management, Trading rules, Post-trade compliance, Position management, Settlement, Reconciliation and trade matching · Back Office: Confirmations, GL interface, Trade inventory, Trading profit and loss, Custody services, Transfer agency and Client reporting
· Hexaware provides Murex solution that achieves a high degree of Straight through Processing (STP) and Automation. · Hexaware’s solution facilitates Sell-side and Buy-side firms in enhancing their business processes to deal with various asset classes that comply with recent compliance regulations and risks. · Hexaware has developed proprietary tools for Data Migration from Legacy system to Murex Implementation as well as propriety tools for data reconciliation · Based on its past experience Hexaware has built a ‘Murex Testing Suite’ consisting of test cases and business scenarios for FO/MO/BO operations
· Hexaware’s Calypso competency unit comprises of domain experts, enterprise architecture consultants, technology architects, testing experts & business analysts, who have vast experience & knowledge of financial markets · Hexaware enables Calypso customers to leverage their investment in their Calypso applications by enabling them to implement and extend their Calypso solutions · Hexaware has proprietary tools used for Data Migration and mapping inputs in various other formats to Calypso messages in implementing Calypso across various locations/business units within the organization
· Hexaware has comprehensive skills in developing and supporting Summit solutions for derivatives trading. · Hexaware’s experience varies in implementing a wide range of instruments including single asset –equity trading to multi-asset-structured products · Hexaware’s summit practice provides technologically advanced multi-asset class solution for treasury and capital market participants. · Focus areas of service offering include order management system, order routing system, market data management, straight through processing
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