Treasury Money Market

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Poor User Experience: Treasury teams often work with outdated interfaces that make finding and managing rates cumbersome.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

  1. Rate Request Capture: Users or systems initiate standard or custom rate requests via UI or API, triggering the pricing workflow. 
  2. Spread Calculation & Pricing: The engine retrieves required market data and computes bid-ask spreads and settlement-adjusted rates. 
  3. Validation & Compliance Checks: Calculated rates undergo validation against internal models, entitlements, and compliance rules. 
  4. Publishing & Notification: Approved rates are published to user interfaces and downstream systems; users receive alerts for custom requests. 
  5. Monitoring & Audit Logging: All events, including requests, calculations, and publishing, are logged and monitored for performance, audit, and compliance reporting. 

Category

Front Office

Asset Class

Money Market

FX

Marketplace Type

Solutions

Marketplace Business Area

Front Office

Marketplace Firm Type

Sell Side

Buy Side

Marketplace Asset Type

FX Spot

Money Market

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