Do you really know how to price an interest rate swap? [PDF] The financial crisis has had a profound and pervasive effect on the pricing of interest rate derivatives. The accurate pricing of an interest rate swap is the foundation for running an interest rate business, making markets and managing risk. However, it’s become much more difficult to correctly price and manage risk around this most vanilla of all derivatives instruments. Will your trading system be ready to cater for the changes? In this article Pontus Eriksson, product manager, Front Arena, SunGard’s capital markets business seeks to outline the evolution of swap pricing and understand the market problems that remain.
Benchmark results: SQL Server 2008 R2 provides enterprise-class performance and scalability for SunGard [PDF] The high levels of performance and scalability demonstrated by benchmark testing, coupled with the ability to run on industry standard servers, confirms that SQL Server 2008 R2 is the right database platform for Front Arena customers who want performance, scalability, and value. In March and April of 2011, engineers from SunGard and Microsoft worked together to confirm the performance and scalability of Front Arena on SQL Server 2008 R2 at the Microsoft Platform Adoption Center in Redmond, Washington. You can read about the benchmark testing results and findings in our solution brief summarizing our partnerhip with Microsoft around SQL Server.
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global partnership with Microsoft.
Market fragmentation in the Nordics [PDF]
In order to stay competitive and to meet their clients' expectations of best execution, sell-side brokers must ensure they can access all available pools of liquidity in a competitive way. This means deploying smart order routers.
Philippe Ramkvist-Henry, business expert at SunGard, and Petri Simberg, Head of Equities Nordea Finland, outline the needs for smart order routing and what makes one router smarter than another.
How can the Nordic market prepare and size the opportunities of the growing numbers of dark pools? [PDF]
Åsa Palm, head of electronic sales trading, SEB and Ulf Lillieroth, product manager, Front Arena at SunGard discuss the latest market movements and their likely impact.
In this paper Tim Dodd, head of product management for SunGard's Front Arena solution looks at the changing OTC market place.
The changing OTC marketplace [PDF]
The political push to increase the powers of financial regulators, to improve transparency of the entire OTC market place and to force more business to be cleared through central counterparties also affects future demands on infrastructure for clearing.
In this paper Tim Dodd, head of product management for SunGard's Front Arena solution looks at the changing OTC market place.
As post-MiFID competition intensifies between new and old execution venues, sell-side firms face a challenge to implement smart order routing that can keep pace with market change.
Ulf Lillieroth, product manager, SunGard Front Arena, examines a strategy that combines speed and flexibility.
Every firm faces financial pressures right now but few are willing to sacrifice performance in their trading.
Tim Dodd, Head of product management for Front Arena, demonstrates how the latest technology can be used in a strategic way to extract the right level of performance without exceeding budgets.
As sell-side firms grapple with the post-MiFID environment of multiple execution venues and dispersed liquidity, smart order routing is a necessity.
Ulf Lillieroth, product manager, SunGard Front Arena, explains why combining a smart order routing capability with an order management system can cut costs, increase sales and improve efficiency
Transformations in foreign exchange and money markets - and how to ride the wave.
The market for currency trading is the largest in the world - in volume, in value and in the number of participants. It is also continuing to grow at a rapid rate.
Traders' demands for systems that match the complexity of their strategies have led vendors to begin work on creating the Holy Grail – cross-asset trading systems. Pontus Eriksson, Product Manager, SunGard Front Arena, outlines what functionality these systems should include and how they can become the foundation of traders' future plans.
There are many obvious advantages to an expanding credit derivatives market; financial institutions can meet investor demands, for example:
- Investors can hedge credit risk in isolation from other risk types
- Banks can sell off credit risk without consent from the borrower
- Banks can tailor and originate synthetic credit risk
There are, however, opposite forces, which include increased operational risk, coupled with a heavier burden of capital allocation, something that could hamper the profits of a bank.
Financial Institutions want more accurate calculations delivered at a quicker rate for more complex instruments and in greater volumes than ever before. And they want this all achieved through one, high performing, cross-asset system.
The equity markets have now entered the post-MiFID era. While the long build-up to MiFID's November 2007 start-date saw firms scrambling to ensure compliance, the post-November landscape has created some new challenges. The largest of these concern the number of new trading venues that will emerge in Europe.