Delta Rate Manager

Key Benefits

• Multiple Rate Source Connectivity– plug into multiple pricing sources via FIX, RMDS, Excel and other proprietary rate feeds for maximum market coverage
• Accurate Executable Prices– in depth control over market spreads and adjustments, ensuring appropriate, specific and competitive prices tailored for each individual execution venue
• Layered Pricing– multiple market liquidity depths can be sourced, managed and distributed to ensure the most competitive pricing and the most granular risk controls
• Market Controls– to customisable algorithms to protect the trader from adverse market movements
• Liquidity Reports– analyse in real time the quality of liquidity provided and distributed against custom benchmarks
• Quick Implementation– choice of hosted or onsite installation, be up & running in matter of weeks
• Scalable & Fast – designed to scale to large client volumes with ease whilst providing ultra low latency rate throughput
• Experience & Quality– built by a trusted market vendor with over 12 years FX experience. Independent Quality Standards achieved: ISO9001:2000, SAS70
• Open & Modular Architecture- built to allow easy configuration, customization and adaptation to existing systems
• Scalable & Fast– designed to scale to large client volumes with ease whilst providing ultra low latency rate throughput
• Integrated Solution– either to your own applications or to one of First Derivatives leading solutions:
• Delta Liquidity Manager- high performance and sophisticated liquidity management solution for market execution, risk management and trade warehousing
• Delta Margin- the next generation Margin Trading platform engineered for high volume, performance and scale, engaging and intuitive for novice traders, sophisticated with advanced features for professional traders

Rate Management

• Combine Multiple Liquidity Providers - gain the benefit of market specialists, connect directly to liquidity providers specifying different rate sources per currency pair.
• Generate The Best Market Rates Across All Levels Of Liquidity - blend both Bid and Offer rates against defined criteria or define a source as the preferred rate. Blend each depth of market layer individually to ensure competitive pricing for all levels across all pricing levels.
• Quote Out Spot Cross Rates – provides traders with an ability to create and publish their own synthetic spot cross rates with all value dates and rates correctly aligned for currency holidays. These can be crossed directly from two currencies or calculated using a ‘triple cross’ to increase your product offering.

Executable Rate Management

• Quote Prices Even In The Most Challenging Market Conditions - Traders are able to specify per currency pair, period and time of day, the spreads and adjustments that will be applied to the blended rates whatever the market condition.
• Colour Coded Market Condition control - provides traders with a fast way to control their price distribution. Margins are assigned to each colour market condition

Administration

• Full control over all fees, charges, liquidity and leverage – ensure that the system is competitive and profitable for your market space
• On-behalf-of trading and email / SMS functionality – ensure that the platform allows for interaction with clients where required to build ‘sticky’ customer relationships
• Unlimited currency pair combinations for trading or client collateral currencies – the platform can be configured to take liquidity from multiple market makers giving it the possibility to stream out practically any currency pair combination.
• Tight and reliable pricing by combining RealStream Margin™ with RealStream Rate Manager™ – allows the bank/broker to blend, cleanse and manage multiple pricing feeds on a fully customizable basis to show the best possible pricing to clients.
• Open database – a fully open design allows easily produced and customized reporting of any system data, whether for regulator reporting or client analysis
• Open platform architecture – designed to allow easy addition of new functionality and/or integration to other systems without requiring in depth recoding
• Support for Introducing Brokers / Money Managers – calculate fees and charges due to Introducing Brokers and produce customisable trading reports on demand

• Market Connectivity/ Feedhandlers
• Data Loading
• Application Integration
• Integration of external code Incorporate external DLLs and libraries
• Real-P/L and Risk Management
• Full suite of reporting goods