Overview
The FX Options (FXO) solution offers an advanced FX and derivatives trade blotter that integrates trade capture, analytics and risk calculations from multiple third-party systems.
Industry Challenges
Disparate Platforms: Disparate, outdated platforms hinder innovation and expansion.
Difficulty in Pricing Complex Products: Challenges in modeling and pricing derivatives such as FX options and more complex structured products, like balance guarantee swaps, via third-party platforms.
Fragmented Trade Capture & Workflows: Trades are often recorded in multiple, siloed systems, leading to duplication, errors, and inefficient workflows.
Lack of Real-Time Risk Visibility: Risk calculations are often delayed or siloed, making it difficult to assess exposure in real time.
Data Inconsistency Across Systems: Inconsistent or incompatible data across systems leads to reconciliation headaches and reporting issues.
Pressure for Regulatory Compliance: FX derivatives are under increasing regulatory scrutiny, requiring accurate, timely reporting and strong risk controls.
User Benefits
Trade Capture & Workflows: Provides a unified trade blotter that consolidates data across systems, improving accuracy and workflow efficiency.
Data Connectivity: Immediate data connectivity enhances operational functionalities.
Symbiotic Relationship with Third-Party Platforms: Harmonizes data across third-party systems, ensuring a single source of truth for trading and risk.
Independent Release Cycles: New Genesis-based innovations can be deployed without being tied to a third-party platform’s release schedule.
Regulatory Compliance: Supports better audit trails and consistent data that can be used for compliance and reporting.
Features & Capabilities
- Real-time Integrations: real-time integrations of trade data, reports, and financial feeds directly from third-party vendors.
- Externalized Pricing & Risk Management: FXO facilitates the externalization of pricing, risk management, and other critical functions by embedding clients’ existing pricing libraries within the solution.
- Complex Product Management: using the trade booking component and real-time integrations, FXO offers a full trade management system for complex products.
- Real-Time Data Visualization: a dynamic UI that presents real-time trade reporting blotters.
Integrations
- Data: connects to trade data, reports and financial feeds
- Internal systems: reference data, pricing libraries, analytics and compliance system integration
- Third Party Systems: integrates with Murex
Customization & Extensibility
- Extensible across asset classes
- Configure which internal and external systems the system should integrate with to support the workflow
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
- Trade Capture: Enables the capture of FX Spot and FX Option trades.
- Price Request Workflow: Facilitates the generation of price requests that interface with internal pricing libraries, enabling the retrieval of pricing data and analytics, including risk metrics such as Greeks.
- Trade Booking: Integrates with Murex APIs to support the complete trade lifecycle.
- Analytics & Reporting: Provides user-configurable tools for generating reports and analytics related to the application workflow and trade activity.
Event Processing Flow
- Trade Capture: Users can capture trades directly within the front end, kicking off the workflow.
- Run Pricing: The solution calls internal pricing libraries for risk and P&L calculations.
- Two-way trade confirmations with Murex: Trades (including pricing) are sent to Murex for confirmation, receiving the Murex trade record in response.
- Visualization & Alerts: Processed data is displayed on the GUI, where users receive alerts and notifications.
- Reporting Module: User configurable reporting module for generating trade reports.
