#Real time commodity risk engine full
Matt Trudeau, Chief Operating Officer, ErisX Read the full story Let’s talkĭelivering all the benefits of an electronic trading platform with full MiFID II compliance, while providing clients with the advantages of high-touch voice trading. We were very fortunate to find Adaptive, because they have the subject matter expertise, the ability to bootstrap the project and bring in accelerators like the Hydra Platform, and work closely with our team. Initially, ErisX planned to buy an existing matching engine, but they had unique requirements that the existing platforms either didn’t support out of the box or couldn’t support architecturally. The choice to build was not a trivial decision. ErisX had a goal to launch the new futures market by year end. That meant that they needed to deploy a new matching engine as well as a clearing and settlement platform to meet all their requirements. Additionally, developing and incorporating new features for spot trading was a slow process that required prioritization of the platform’s development assets. However, their existing platform for trading spot products could not support their futures trading plans. It became a recurring joke that we never had comments after Sprint demos, because there were no surprises - Adaptive delivered exactly what we had discussed in the prior weeks, largely bug-free, with a design exactly like the mock-ups.īrad Newman, Senior Product Lead, MTS Markets Read the full story Let’s talkĮrisX was launched in late 2018 to attract institutional participants. There were tight timelines and lots of enthusiasm to deliver a fresh, modern UI for existing and new users.
#Real time commodity risk engine software
MTS made a decision to refresh the user experience and implement a more modern, supportable, and extensible software solution which could also provide a more intuitive user experience for a growing client base. However, as often happens over the life of a software product, the UI became challenging to support and enhance. The MTS BondsPro software had rich content and numerous useful features built-in over many years. It provided users the means to participate in its marketplace in a cost-effective and comprehensive platform.
The existing user interface (UI) was web-based, built using legacy technology. It provides liquidity and real-time execution via an anonymous, all-to-all order book with over 500 participants. MTS BondsPro is a fixed income electronic trading platform focused on enabling access to corporate bond trading. Matt Barrett, Adaptive CEO and co-founder Read the full story Let’s talk
Our client now has a truly differentiated offering that allows traders to carry out complex RFQ processes with ease and efficiency, which will accelerate the ongoing sophistication of this exciting sector. By leveraging OpenFin and our own Hydra Platform, we were able to rapidly build a solution that specifically caters to the complexities of the Repo space. There are a lot of generic platforms out there. Building a real-time workflow for a slow-moving market.However, the firm faced two key challenges with respect to realizing its vision: After numerous conversations with its own clients, a Nasdaq-listed, leading derivatives marketplace that provides trading platforms for fixed income markets realized that there was an acute need for a comprehensive request for quote (RFQ) trading solution in the Repo segment of the bond market - an area that has been historically underserved by technology providers.