London/28 August 2001: Future Dynamics, the leading supplier of electronic straight through processing products for the listed derivatives industry, today announced that macfutures, London’s leading propriety trading company, has purchased rollcage, Future Dynamics risk management system.
rollcage is a real-time post trade risk management tool that is part of Future Dynamics unique STP suite of products. It is designed to manage the risk of client portfolios in real-time as opposed to T+1 day. It can support trades executed in both open outcry and electronic environments and across different market time zones. rollcage takes the start of day clearing data from back office systems and incorporates this data into the overall risk management profile.
Oliver Jones, Director of Risk Management of macfutures said, "we have chosen rollcage as it is unique in its ability to monitor risk regardless of which trading application our traders use. The ability to update traders risk exposure, including give-ups in real time, makes this a key component for risk managers in controlling and auditing trading activities on multiple trading applications over multiple exchanges traded from multiple trading sites."
Magnus Greaves, Managing Director of macfutures said, "We see this as a first step in building a truly meaningful working relationship with a software supplier who has an excellent range of products. More importantly Future Dynamics will have the ability to build bespoke applications to our unique requirements. This selection is strategic to macfutures as we always look to give our traders the safest and most advanced trading environment to work in. With our global expansion plans of opening offices in Chicago, Paris, Sydney and Gibraltar, we will build on our dominance in the UK to become the leading proprietary trading company".
Gerald Brown, Managing Director of Future Dynamics said, "We are delighted macfutures have chosen to take rollcage. It is good to work with a proprietary trading company who through strong management have established successful traders and so wholeheartedly embrace technology in this new era of electronic trading and straight through processing."
Macfutures is a proprietary trading company that has been financially backing and facilitating traders on the electronic markets for over 4 years. macfutures was one of the first companies to adopt electronic trading prior to the closure of open outcry trading on LIFFE. macfutures currently supports over 100 traders. It is as a result of this emphasis on management and training that macfutures has built a reputation for having the most consistently profitable electronic traders in London.
Future Dynamics offers a revolutionary technology model that embraces the power of the Internet but unlike others delivers full business functionality from trade inception to completion.
crossfire handles all pre-trade order routing, risk management, and execution across a global order book. Sharing the same database, viewpoint enables fast, efficient real-time matching and allocation. load&go then interfaces with any firm’s back office system to deliver a dynamic full service client web portal. rollcage provides a unique view of post trade risk management utilising real time clearing, execution and give-in data. revenue modelling allows users to look at customer relationships by profiling the commission, fees and interest to examine multi-product client activity, and identify sources of income and profitability.
With this unique balance of leading-edge technology and business experience, Future Dynamics provides real value throughout the listed derivatives trade cycle.