axe trading adds non-trendy hobby fee swaps

axetrading, the award triumphing worldwide constant profits buying and selling software corporation, has prolonged their fixed earnings merchandise’ offering to help non-trendy interest rate swaps. this lets in raiffeisen bank global (rbi) to reply quick to complicated inquiries in a aggressive market environment and gain electronic marketplace proportion.

the lively traded device within the fixed profits space, interest price swaps, add substantial fee to buyers and dealers alike. the bendy ticket kinds provide all of the information required by using sellers to seamlessly handle consumer inquiries. rbi evolved their very own pricing library for calculation of non-widespread swaps, which resultseasily connects to axetrader and boosts quoting self assurance for their traders.

crucially, this selection can also be absolutely integrated into axetrading’s existing merchandise across the globe, regardless of of location or currency. its advent will therefore reduce administrative workload and drain by using permitting all constant earnings workflows to be treated from one application. buyers can connect with tradeweb and bloomberg from one market making platform.

coming only months after axetrading introduced the appointment of a new ceo, greville lucking, this advent of non-standard interest rate swaps indicators the corporation’s new direction and desire to cater and reply to patron remarks and enterprise demands.

greville lucking, ceo, axetrading: “we worked intently with numerous clients to put in force this product characteristic and are thrilled with the end result – an expanded product suite that is already proving its well worth inside a especially competitive marketplace. operating with an organization with the recognition of rbi has brought real credibility to axetrading’s supplying and we look forward to running with them to continue to deliver the efficiencies and solutions that axetrading presents”.”

harald müller, head of organization capital markets trading & institutional income at rbi:

“we’re going for walks a consumer centric trading and sales commercial enterprise and are striving to usually improve our product providing in addition to our competitiveness from a pricing and response time attitude.

consequently, we are happy that by using integrating our in-house developed pricing library into our existing quoting and execution control machine (qems) from axetrading, we are able to now offer broken date interest swaps on electronic structures.

through this technique, we’ve got (i) reached the best level of flexibleness and performance for our pricing methodologies and (ii) reduced manual workflows for investors appreciably.”

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