ePulse OTC Trader
The ePulse OTC Trader (eOTC) is a secure collaborative trading platform specifically designed for the Over The Counter (OTC) Markets Trading communities. It provides a complete end-to-end fully compliant trading solution for any asset class in the OTC Market.
Supported Technologies
Solaris/Sun OS,
Linux,
Windows XP/2000/NT
XML
Web-Based (Browser)
Click on a technology to view similar products within this category.
Pricing
Users (# of seats)
$50/user/month to $500/user/month
barry.patel@epulse.ltd.uk
44 (0) 20 7422 6300
Additional Product Information
D E S C R I P T I O N
The ePulse OTCtrader is a secure trading platform specifically designed for Trading communities in the Over The Counter (OTC) Markets. Although It can provide a complete end-to-end fully compliant trading solution for any asset class in the OTC Market, the product is modular and can be delivered to suit specific trading needs consisting of one or more of the following trading components.
Pre-Trade collaboration
This is via the ePulse Messenger (ePM) which offers all collaborative trading functions including Channels, Active Views, Hot Windows, Conferencing, Price discovery, DDE links and inter-operability with all major Instant Messaging Transports including Yahoo, AOL, ICQ and MSN.
Order Entry
The ePulse order entry and trade detail forms uses the ePulse OTC Markets conventions and consists of more than 250 components that make up the ePulse Financial Markets Ontology. This is ideally suited to the OTC markets where trades is essentially a negotiated trades with cross market components (e.g. Interest Rate Swaps) and special order routing information that makes up the complete transaction. Order Entry and Settlement Instruction functions can be provided in the following asset classes:
Treasury (FX/MM), Derivatives (Swaps), Equities, Fixed Income, Energy (Oil, Gas), Metals
Trade Confirmation
Post Trade “Confirm” or “Reject” actions are provided along with full order details along with any Standard Settlement Instructions to be followed. These details are available to the corresponding parties via a browser interface and are under the control of the Broker/Dealer.
Trade Matching
Once a trade has been confirmed, the Order Matching engine carries out the Trade Parsing and the pre/post trade matching functions. It can handle multiple trades and settlement instructions (i.e. Match N to N trades). Order aggregation, netting and tolerance functions are also provided for multiple orders to the same counterparty.
Transaction Routing
All orders are “parsed” and stored in our standard XML formats. They can now be routed to any number of internal (Risk Management, Back Office) as well as external systems (Counterparty or Custodian systems) using appropriate message formats (e.g. CSV, FIX 4.X or Swift message types)
Transaction Flow Monitoring
The ePulse Transactions Manager (eTM) is responsible for all elements of the OTC Trader. It has very powerful monitoring and reporting capabilities. All transactions are monitored for exception conditions and displayed in colour-coded formats for ease of identification. Each stage of the transaction can be “drilled” into for further level information. At the heart of eTM is a very powerful alerts engine that can generate alerts in a variety of user-defined formats.
Compliance
All Trade Conversations as well as all Transactions are stored securely in the ePulse Audit Logger (eAL). Full audit trail management (for SOX, SEC and FSA compliance rules) as well as comprehensive monitoring and management functions are also provided. Either the traders or management or the banks compliance staff can interrogate these conversations using time indexed or key word searches.