Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, has introduced Numerix Bond Trader, a front-office Excel based trade management and strategy tool. Available via Numerix CrossAsset XL -- Bond Trader is the latest addition to Numerixâs suite of Trader applications: FX Trader, Rates Trader and Credit Trader.
The suite of Numerix trader workbook applications are an extension of the powerful Numerix CrossAsset platform â the most comprehensive independent library of market standard models for all asset classes and hybrids - providing traders and risk managers advanced analytic solutions to manage a book of trades, monitor relevant market data and accurately value complex derivative deals.
Through an enhanced Excel interface, Numerix Bond Trader simplifies and accelerates the workflow associated with accurately valuing and managing a book comprised of corporate bonds, credit default swaps (CDS), Interest rate swaps and asset swap derivative instruments. Numerix Bond Trader provides front-office professionals a set of custom Excel spreadsheets for viewing and testing trades, and monitoring market data and risk metrics. Moreover, Numerix Bond Traderâs combined credit analysis and screening capabilities, allows users to view select securities (corporate bond, CDS, benchmark treasury) on-the-fly, analyze the impact of a potential trade and then book all or some of the trades selected in the trade blotter.
With the Numerix Bond Trader Market Monitoring function, users also have the ability to retrieve - import market quotes and display real time yield curve and treasury curve calculations from the leading data providers.
âWith Numerix Bond Trader we are able to provide our clients with advanced workflow functionality,â said Steven R. OâHanlon, President and COO of Numerix. âWhen coupled with the flexibility of the Numerix CrossAsset platform, Bond Trader is ideal for evaluating and monitoring all types of complex trading strategies. Bond Trader is the latest addition to our suite of existing Numerix Trader applications and based on our clientâs needs we will be introducing applications for other asset classes in the future.â
Numerix Bond Trader Key Features & Benefits for Traders and Risk Managers
â¢ Integrated deal capture and management for portfolios consisting of corporate bonds and credit products
â¢ Perform Mark to Market (MTM) and Mark to Model calculations across the entire portfolio
â¢ Conduct pre-trade analysis for finding Delta/Gamma neutral trade strategies
â¢ Leverage combined credit analysis and screening capabilities
â¢ Integrated market monitoring for Rate Curves, CDS Curves, Bond quotes
â¢ Monitor risk exposure relating to interest rates, credit spreads, recovery rates and jump to default rates
â¢ Find relative value opportunities in Bond/CDS Markets
â¢ Tool set for active basis trading in the bond/CDS markets
Numerix Bond Trader consists of an Excel template that includes pre-defined worksheets for performing key tasks related to bond trading. The worksheets are divided into five categories: trade blotter, risk monitors, market monitors, position monitors and credit curve maintenance.