Enrico Melchioni, FMR CEO, comments: âCredit default swaps have been in the spotlight during this yearâs global financial market meltdown and financial institutions are more aware than ever of the need for an accurate and real-time view of their exposure to interest rate and credit risk. Our new FMR Position Keeping system provides an integrated, real-time view of aggregated bond and CDS positions enabling traders to react quickly to market opportunities and threats.â
Developed by FMR Consulting, Listâs financial mathematics division, the solution offers real-time calculation of profit and loss, net revenues from funding, risk exposures, durations and benchmark equivalents.
The FMR Position Keeping system shares a common interface and is fully integrated with FastTradeâs components. In particular, integration with FastTradeâs pricing and auto quoting engines ensures data consistency and enables traders to control pricing, view positions and connect to multiple trading destinations from a single window.
Melchioni adds: âWith pressure to trade CDS products on regulated and transparent exchanges, there is an increasing need for a system such as FMR Position Keeping to automatically aggregate OTC or exchange-based deals and provide an enterprise-wide view of pre- and post-trade risk, via a single interface.â
FastTradeâs single interface manages the peculiarities of each asset class. On top of this, a range of customisable modules also support pre- and post-trade risk. FastTradeâs pricing engine, FMR Pricing System, automatically prices hundreds of different instruments in a multi-market environment and its calculation engine, FMR4000, offers a financial calculation library and a dedicated database system for pricing and risk management calculations.