AxeTrader

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Overview

AxeTrader

AxeTrader supports price quoted, yield quoted and discount quoted fixed income and floating rate notes, bills, and bonds, as well as convertible bonds, interest rate swaps and CDS. AxeTrader can be extended to trade other OTC and exchange-traded asset classes if required. AxeTrader also facilitates straight through processing (STP) and regulatory reporting, including TRACE/FINRA. Our software includes clear and complete support documentation, and our expert support specialists will be on hand to help when needed.

AxeTrader’s lean software architecture uses the best of modern Java technologies to enable quick trade execution. AxeTrader requires minimal hardware and support infrastructure, and can be implemented on various operating systems including Windows, Mac OS, and Linux. AxeTrader is also designed to intregrate easily with your existing systems to streamline workflow, and facilitate automated trade capture and processing.

AxeTrader operates on a minimum of required infrastructure. A single solution consisting of AxeTrader desktop software and the AxeServer software provide the traders and administrators with all the functionality needed to operate a fixed income electronic trading platform, on one or multiple markets. The software can be installed on a single desktop or on separate machines.

The AxeTrader software package consists of two software applications: AxeServer and AxeTrader client software.

The AxeServer and AxeTrader client applications can reside on the same hardware or different hardware. At a minimum, all you need to operate AxeTrader is a current specification personal computer connected via a network to your chosen trading platforms. AxeTrader can also be run in a classic client-server configuration, with AxeServer running on a separate server machine linked to the users’ desktop computers running the AxeTrader client application. All data, trades, and user information reside on a database connected to AxeServer (PostgreSQL, Oracle or MS-SQL), which is also installed on the customer’s hardware. The database can be linked to internal and back office systems to facilitate integration and further streamline communication.

AxeServer handles the external connectivity for both price contribution out to your chosen fixed income trading networks as well as managing the processes of electronic trading. Internally on your network, AxeServer connects to the AxeTrader application, residing on each of your trader’s desktops, and your pricing sheets. AxeServer provides the market connectivity and coordinates the activities of the traders, via their AxeTrader desktop application.

A hierarchical system of administration controls protect users from unauthorized access. Every user’s access is protected by a login name and password which can easily be maintained by an administrator or by the users themselves.

Pricing sheets, settings, trade history and all communication trace logs reside on AxeServer but are actually accessed via the simple and intuitive AxeTrader application. Trade history and trace logs can all be downloaded into other applications. Fully automated straight-through-processing may also be implemented from AxeTrader.

AxeTrader’s server-based pricing sheets provide the trader with a range of sophisticated tools to manage their pricing and market exposure with confidence. If required, market pricing may still be done from your existing Excel pricing sheets for full flexibility.

The AxeTrader desktop application has an easy-to-use, drag and drop interface. A small number of user-configurable panels give the user everything they need

Key Features

Fixed income electronic trading - Pricing engines - Quoting - Quote tiering - AutoQuoting - Order management - Market price monitoring - Execution management - Order Routing - Straight through processing - Regulatory reporting

Key Benefits

SELL SIDE FIRMS: 
Efficiency and Cost Savings: Connect to multiple fixed income markets from one single quoting/trading system (Bloomberg: ALLQ/AEP/MPF, TSOX, VCON - MarketAxess - MTS - Exchanges & others)
Reduced operational risk: Automated trade capture/straight through processing into internal systems; Automated regulatory reporting eg TRACE/FINRA; 
Global distribution without large personnel costs: Leverage the distribution of electronic trading platforms such as Bloomberg ALLQ/MarketAxess etc to reach more clients cost-efficiently
Improved compliance: Control access for unauthorised users; monitor trading activity in realtime; optional automated pre trade compliance checking capability
Better insight into your business: AxeTrader's database automatically gathers statistics enabling detailed reporting on your fixed income trading business; this gives traders, salespeople and management better insight into business and strategy
BUY SIDE FIRMS:
Best execution: Monitor commingled quotes across all your trading platforms and price sources in one single composite overview for every instrument you trade; 'Manage Order' function automatically presents all available trading options and comparable quotes for your fixed income trade across all platforms, and enables rapid trade routing to desired execution destination/platform
Reduced operational risk: Automated trade capture/straight through processing into internal systems; Automated regulatory reporting eg TRACE/FINRA;
Improved compliance: Control access for unauthorised users; monitor trading activity in realtime; optional automated pre trade compliance checking capability
Better insight into your business: AxeTrader's database automatically gathers statistics enabling detailed reporting on your fixed income trading business; this gives traders and management better insight into business and strategy

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers, Trading firms, Wealth Managers
Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America
Asset Class Coverage
Bonds, Equities, Funds, Futures, Options and other Derivatives, Money Markets, Structured Products