SunGard Trading Systems Global Markets has integrated its front office Global Trader system with the TrueCalc bond pricing engine to provide an extended solution for execution and risk management of convertible bond trades.
Global Trader is a front-office sales and trading system for the international bond and foreign exchange markets. TrueCalc is a multi-currency convertible bond analytic system, providing pricing, sensitivities, scenario analysis, implied volatilities and spreads, yields, and probabilities for all types of convertible bonds.
Gerald Quinlan, director of TrueCalc development at SunGard Trading and Risk Systems, says: “Using TrueCalc within Global Trader gives convertible bond traders an integrated view of the risk and profitability of their entire portfolio. The complete solution offers our clients extended functionality for real-time portfolio and risk management for convertibles and the ability to execute convertible bond trades within the same system that they trade equities, options, and bonds.”