Michelle Janke, Marketing Director for STT, says that the integrated package allows complex instruments to be traded and managed simultaneously. "Due to the variety of instruments, the complexity was in valuing each of these accurately. The system applies various parameters and calculates an impressive yield curve in mere seconds," she says.
Allan Thomson, the JSE's director of equities and derivatives trading, says "We are pleased to be launching with a world-class trading platform that was developed locally."
STT has been in business since 1985 and is headed by financial software guru, Jerry Hodgson. STT boasts an impressive client list, including SA Reserve Bank and all the major banks. Yield-X is the third system that STT has designed for the JSE, having developed both its financial and agricultural automated trading systems.