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nexRates

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Overview

SoftSolutions! nexRates is a highly configurable integrated market making and trading platform for Fixed Income markets, capable of supporting dealer-to-client and dealer-to-dealer requirements. It provides a multi-market, multi-feed environment, focused on fixed income bonds and derivatives for single desks and cross-functional teams and fully supported with real-time risk management and market connectivity capabilities. nexRates also comes with a sales desk terminal - Sales Commander which provides support for compliance and business intelligence.

Key Features

nexRates is an integrated market making solution for Fixed Income markets.It provides a multi-market, multi-feed platform environment, focused on fixed income bonds and derivatives [outright, switch/spreads, butterfly, lists, futures, swaps, asset swaps, FRA, CDS, packages].

Customisable and configurable- nexRates intuitive trader interface is highly customisable and can be configured to the needs of the trader, even the design of the pop-ups and tickets.

Designed to be intuitive and familiar to the trader- offering functions such as:

  • ● customisable pricing grids

  • ● enquiry pop-ups

  • ● pricing controls

  • ● tier management ... and all can be enhanced using scripting capabilities built into the desktop.

Capable of supporting both Dealer-to-Client enquiries and the Dealer-to-Dealer trading workflows- the platform can also support the Sales Trader workflow with nexRatesTraderStationand nexRates Sales Commander.

Workflow automation and streamlining

  • ● STP automation

  • ● Negotiation automation

  • ● Auto-pricing

  • ● Auto-trading

It’s a modern platform focused on delivering automation including the ability to auto-price and auto-trade to allow the business to focus on high value trade while low value tickets are dealt automatically.

Data aggregation and consolidation

  • ● MiFID II requires all the client interaction data to be collected at the point of sale. nexRates captures all client interactivity data regardless whether it converts into an execution or not. This valuable data presents an opportunity to learn more about both electronic and voice-based trading by analysing and comparing the data points with external MiFID II transparency data.

  • ● Understanding current and historical market activity alongside client performance can be invaluable at the point of sale and allow your sales teams and traders to be more competitive.

nexRates brings this useful business intelligence directly to the sales desk on demand- when and where it is needed. Integrating data directly out of the nexRates event datastore can also allow firms to develop ideas from the standard business intelligence enquiries into more comprehensive client and market insights too.

nexRates is fully augmented by data insights.It is a multifunctional /multilayer trading ecosystem where businesses can use as much of the core platform as they need or choose to [integrate other third party applications and components], and easily adapt to include their own components, as required. The multilayer trading ecosystem drives well-informed trading decisions by providing all the data elements required to facilitate trading (including market data, historical data, and any other relevant information) which can be fed in and displayed directly on the trader terminal. It is a well-integrated safe trading system integrating all the vital functions at point of sale, such as available inventory, warehouse, risk being carried [back office integration], legal, invoicing, compliance, CRM/reporting, as well as external business intelligence feeds and third party technology.

nexRates is fully featured for trading on secondary markets. It is a complete functional trading application for managing dealer to client workflow, which is able to handle requests or inquiries [on either voice or electronic-based trading venues] from clients and enable traders to manage risk on interdealer markets. All from a single trading application.

nexRates’ front-office, multi-user architecture tailors different functionalities to different users with appropriate authentication. In addition, the platform leverages remotisation technology that gives multi-location/remote working flexibility to its users for seamless business continuity.

Key Benefits

Full-feature trading platform - capable of supporting the full pricing to trade confirmation workflow for fixed income cash and derivative products

Full decision support - Pricing and Trading supported by intuitive user interfaces that provide visibility of the market.s

Deployed or fully hosted - flexible usage model: take the whole platform in-house or use as a fully hosted and managed platform.

Your system, your way - this platform is highly configurable and the licensing is carefully segmented so you only pay for the functionality you need.