The latest version of RAPTr represents the culmination of over five years of
advanced systems engineering by Kestrelâs programming staff. Working
hand-in-hand with traders, ECNâs, middleware manufacturers, and component
technology vendors such as BEA Systems and IBM, the company has been able to
create a fixed-income matrix pricing system that is as flexible as it is
powerful. For example, in addition to sheer speed, RAPTr eT provides a wide
variety of live benchmarking modes, including futures basis (net and gross),
yield spread to key issues, spread to interpolated or smoothed curves,
spread to asset swap curves, and OAS.
"Nothing currently on the market approaches the level of functionality or
performance of this product," said Ed Bishop, Kestrelâs president and CEO.
"Many are the bulge bracket firms that have spent over nine figures trying
to build similar technology with less effect," he added.
In Bishopâs view, it is only a matter of time before major Wall Street firms
begin to outsource more of their technology spending because off-the-shelf
products such as RAPTr, which are more powerful and scalable, can now be
purchased and supported for up to two orders of magnitude less money than in-house solutions commonly cost.
Kestrel Technologies is a full service financial software firm that sells a
wide range of front-office trading systems, connectivity tools, and data to
both the buyside and the sellside of the market. The company has offices in
New York City, Burlington, Vermont, and Quincy, California.