New York and London, 7 June 2004 - Wall Street Systems, Inc., a leading provider of global treasury and capital markets solutions will demonstrate the new securities functionality available in Release 4.1 of The Wall Street SystemÂ® treasury and capital markets solution at the SIA Technology Management Conference 2004. Wall Street Systems will be joining Sun Microsystems, Inc. at SIA on their booth (4100), at The Hilton New York from 8-10 June. The new release focuses on decision support tools to enhance trading and risk management, increased performance and the introduction of wider product coverage.
To stay ahead in the highly competitive securities market, financial organizations need to be able to offer clients an ever increasing range of asset classes. The new release of The Wall Street SystemÂ® treasury and capital markets solution provides extended product coverage including all types of asset backed securities, interest rate and credit derivatives, convertible bonds and structured bonds. Performance has also been a key focus in this latest release to handle tier one transaction volumes, with benchmarks carried out to over 1,000,000 trades per day within a proven scalable architecture.
Garfield Hayes, head of client research and strategy at Wall Street Systems states, "Increasingly, financial institutions must balance the need to meet regulatory requirements whilst providing traders and sales staff with systems that give them wide and flexible product coverage and powerful risk management. The new release of The Wall Street System allows organizations to easily adapt and extend their offerings to meet the demands of their clients, and also gives traders and sales staff the tools they need to respond quickly to opportunities in the fast moving and complex securities market. At the same time Release 4.1 lets them fulfil their regulatory requirements without impacting on the speed or flexibility of trading operations. "
User-centric decision support tools bring all relevant information together via a trader home page, enabling effective trading and risk management. Release 4.1 integrates cross-asset class positions, risk, inventory and P&L displays at trader, desk or enterprise level. Traders are able to analyze the key components of their risk exposure and develop insightful new trading and hedging strategies with complete P&L breakdown.
The advanced risk functionality in the new release includes summary displays for interest-rate sensitivity and bond equivalents. Advanced analytics tools enable ease of execution and provide client-centric analysis and performance measurement for traders and sales staff. These tools include "what-if" scenarios, multiple levels of benchmarking, yield spread and curve spread analysis, and full "Greek" displays across multiple asset classes and products spanning securities, futures and options contracts. Release 4.1 also features a full range of market-making and pricing tools as well as stand-alone calculators to enable deal structuring.
Despite the delays on T+1, the market is still seeking to achieve higher levels of automation and STP in response to Sarbanes Oxley, GAAP and Basel II. In Release 4.1 this is accomplished through rules-based exception processing, dynamic workflow management and flexible and open solution integration, which in turn drive down the total cost of ownership. In response to regulatory and audit developments, new controls and audit features in The Wall Street SystemÂ® treasury and capital markets solution ensure full transparency and effective security management.
Talking about the partnership between Wall Street Systems and Sun Microsystems, Garfield Hayes continues, "Wall Street Systems and Sun Microsystems, Inc. have enjoyed a successful working relationship for over 10 years with over forty percent of the clients of Wall Street Systems in the US and all Canadian clients running The Wall Street System on Sun. The US market is a key area of growth for Wall Street Systems where we are working with Sun Microsystems, Inc. as a highly valued strategic partner, and we are pleased to be present at SIA 2004 with Sun. "