Overview
The Treasury Money Market (TMM) solution enables treasury operations to manage and publish money-market rates across multiple currencies. It automates the calculation of bid-ask spreads, generates prices for various settlement dates, and provides a user-friendly interface to search rates by currency. Additionally, the system facilitates desks requesting rates for non-standard dates, addressing operational inefficiencies.
Industry Challenges
Manual Processes and Operational Inefficiency: Traditional treasury operations often rely on manual entry and fragmented tools like spreadsheets, which are time-consuming and prone to errors.
Lack of Standardization Across Currencies: Managing and publishing money-market rates across multiple currencies can be complex.
Limited Flexibility for Non-Standard Requests: Many legacy systems struggle to handle rate requests for non-standard settlement dates.
Poor User Experience: Treasury teams often work with outdated interfaces that make finding and managing rates cumbersome.
Data Inconsistency and Mispricing: Inaccurate or inconsistent bid-ask spreads can lead to poor decision-making or risk exposure.
User Benefits
Automation: Automates rate calculations and pricing, improving speed and accuracy.
Standardized Cross-Currency Operations: Ensures consistency and simplifies cross-currency operations.
Intuitive User Interface: Intuitive, user-friendly interface that improves usability and efficiency.
Automated Spread Generation: Reliable, automated spread generation to support accurate pricing and compliance.
Features & Capabilities
- Multi-Currency Rate Management: Supports the publishing and management of money-market rates across a wide range of currencies from a centralized platform.
- Automated Bid-Ask Spread Calculation: Automatically calculates bid-ask spreads, reducing manual input and ensuring consistency in pricing.
- Pricing for Multiple Settlement Dates: Generates accurate prices for various standard and custom settlement dates, helping teams manage short-term funding and liquidity needs more effectively.
- Flexible Rate Requests for Non-Standard Dates: Allows trading desks to request and generate rates for non-standard dates, increasing flexibility and responsiveness.
- User-Friendly Interface: Provides an intuitive UI that enables quick and easy searching, filtering, and viewing of rates by currency and settlement date.
- Operational Efficiency: Streamlines workflows by reducing reliance on manual processes, improving speed and accuracy in rate generation and publication.
Integrations
- Internal systems: reference data, analytics and compliance system integration
Customization & Extensibility
- Configure upstream providers for spreads and curve pricing
- Flexible roles-based entitlements to configure the segregation and entitlements between sales and trading
Security & Compliance
- Enterprise-Grade Authentication: Supports SSO, OAuth2, JWT, and Active Directory, ensuring secure access control.
- End-to-End Encryption & Auditability: AES-256 encryption for data at rest and in transit, with full audit trails for regulatory compliance.
- Regulatory Compliance & Surveillance: Built-in compliance monitoring aligns with MiFID II, SEC, and FINRA standards, with real-time alerts.
Performance Metrics & Scalability
- Cloud & On-Prem Scalability: Deployed on AWS, Azure, Google Cloud, or on-prem, supporting dynamic scaling.
Component Breakdown
- Rate Management Engine: Automates bid-ask spread generation and pricing across currencies and settlement dates, supporting both standard and non-standard requests.
- Currency & Settlement Explorer: Enables quick search, filtering, and retrieval of rates by currency and settlement horizon via an intuitive UI.
- Custom Request Handler: Allows trading desks to submit and manage rate requests for non-standard dates with fast turnaround.
- Publishing & Distribution Module: Publishes validated rates to internal systems, dashboards, and users, supporting scheduled and on-demand updates.
Event Processing Flow
- Rate Request Capture: Users or systems initiate standard or custom rate requests via UI or API, triggering the pricing workflow.
- Spread Calculation & Pricing: The engine retrieves required market data and computes bid-ask spreads and settlement-adjusted rates.
- Validation & Compliance Checks: Calculated rates undergo validation against internal models, entitlements, and compliance rules.
- Publishing & Notification: Approved rates are published to user interfaces and downstream systems; users receive alerts for custom requests.
- Monitoring & Audit Logging: All events, including requests, calculations, and publishing, are logged and monitored for performance, audit, and compliance reporting.
