- Case Studies
Straight Through Processing
iMarket features an STP platform which provides a seamless connection between customers, sales and trading. The system is an ideal combination of electronic trading platform and CRM environment. iMarket’s strongest feature is its open architecture which allows to connect markets and other available systems. One system, instead of many partial solutions. This combination enables a quick, secure and individual performance on B2C markets.
Prices from quote engines, such as iQbonds – valantic’s solution for bond trading – or Excel sheets serve as the basis for customer-specific price calculations. In connection with iMarket, established tiering criteria (spreads) are used to calculate a customer-specific instrument price which is automatically transmitted to the customer. iMarket provides a rapid and uncomplicated processing of institutional customer transactions with the sales employee or directly with the customer, independent of the instrument type. Currently supported asset classes are, amongst others, bonds, FX, derivatives and swaps.
The system additionally analyses incoming requests and recommends responses which can be transmitted automatically. The integrated quote reflex technology relieves the trader and avoids transaction processing errors. Furthermore, iMarket provides comprehensive monitoring and reporting possibilities.
Due to the quote reflex technology, you can react quickly and flexibly to different types of electronic market requests (RFOs, RFQs, RFSs etc.). All customer requests are analysed and automatically answered using an extensive system of rules or alternatively, a pop-up is sent to the trader for manual decisions.
iMarket supports the monitoring of requests via a plug-in in the utilised quoting engine. Thereby, the user can intervene if (pending) requests require an automatic or manual correction. The plug-in displays all pending and concluded requests with the relevant information on the securities. Furthermore, information regarding historical transactions is available at any time.
iMarket can easily transfer executed trades through a connection to the financial institution’s internal systems for booking and settlement. Currently, direct connections are possible via gateways or indirectly by using a middleware, such as MQ Series to Front Arena or TIB Certified Messages to Kondor+.
All transaction data is saved in a database and is retrievable for report creation at any time. By means of exporting data from the iMarket client, information such as time of the request, customer name, instrument type and identification, as well as counterparty and the result of the negotiation can be displayed in an export file.
iConnect incorporates the connection to various trading systems via its own gateways. It is the link between valantic’s trading products and various electronic trading platforms, ECNs and financial institutions’ internal systems. In order to quickly adapt valantic’s software to the respective requirements, a highly motivated and experienced development team is in constant contact with the electronic trading platform representatives and remains informed about current developments. This close proximity to the markets enables valantic to offer new gateways to additional electronic trading platforms within an average development phase of only ten weeks. Furthermore, iConnect is an intelligent Communication Protocol with APIs. For many years, iConnect has been successfully utilised by various financial institutions in the integration of high performing, stable gateways.
Currently, access to the following markets, ECNs or information platforms is possible:
Global fixed income traders can streamline their workflow and seamlessly harness the power of AI to automate up to 50% of requests for quotes (RFQs) now that Overbond’s COBI-Pricing LIVE has been integrated into valantic’s…
For investigations and exceptions with valantic’s FinCase, banks have the choice: The software cannot only be operated on premise or in the cloud but can also be outsourced as Business Process as a Service (BPaaS).
Česká spořitelna is the largest commercial bank in the Czech Republic. It is a subsidiary of the Erste Group, which has more than 16 million customers in seven countries, making it one of the largest banking groups in Central and Eastern Europe. valantic implemented the instant payment platform RTPE for the customer Česká spořitelna in order to give the customer the opportunity to make payments in real time.
Be sure to take advantage of this opportunity and discover the benefits of our smart trading solution iMarket in our free webinar. We look forward to your registration!