Front Arena for Credit
The rapid maturation of credit derivatives trading has created a somewhat unique challenge for technology vendors, forced to adapt to the rapid development of new instruments and the specific nuances that are unique to the credit market. A major competitive advantage can be gleaned via a single solution across all asset classes for deal capture, pricing, position management, deal processing and consolidated risk management. With native support for credit derivatives alongside all other asset classes, Front Arena makes it is easy to seek opportunities, create exotic products and hedge away risk across markets.
Features
- Caters to a wide range of individual asset classes, OTC, electronic trading and high-volume FX/MM trading, plain vanilla contracts mixed with complex derivatives
- Contains a universal contract definition concept enabling smooth handling and definition of virtually any instrument
- Prices and manages any cash-flow based credit product
- Constructs credit curves for pricing of any instrument, however complex, through a spread curve engine
- Integrates to market standard data providers, such as Markit, T-Zero and CMA DataVision
- Offers fully integrated risk management across asset classes
Benefits
- Calculates and displays sensitivities for smarter trading
- Stores a vast array of market data and spread data that can be used for risk management purposes
- Allows users to define their own characteristics for any given spread or asset class
- Reduces error through smooth trade capture and streamlined workflows through to back-office
- Can be implemented with the speed of a black-box system with the flexibility of a toolkit
- Books, trades, prices and risk manages new products, such as CPPI’s with a short time-to-market