Fixed Income Trading Systems |
Quintessence participated in the design, development and deployment of a front-to-back Fixed Income Trading System at major Investment Banks in North America and Europe. This was an extensive project spanning a period of over five years.
Instruments supported included
- Corporate Bonds
- Government and Municipal Bonds
- Treasury Bills
- Banker’s Acceptances
- Mortgage Backed Securities
- Asset Backed Securities
- Floating Rate Securities
- Zero Coupon Bonds
- CDs
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Front Office functionality included
- Trade Blotters
- Positions and P&L displays
Middle Office functionality included
- Trade verification and enrichment
- Trade confirmations
Back Office functionality included
- Settlements – Physical and Financial
- Accounting - GL
- Interfaces with SWIFT, FedWire, Chips
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Core Functionality included:
- Price – Yield Calculators
- Position Keeping (FIFO, LIFO)
- P&L Computation:
- Weighted Average Price
- Trade Pairing
- Accruals, Coupon, and Maturity processing
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