18 August 2017
visit www.avoka.com

Prebon Yamane launches online currency matching tool

26 March 2002  |  1092 views  |  0 online get quote

Prebon Yamane Asia Pacific has launched py match, an online matching system for floating rate reset risk positions in a trader's swap portfolio.

The matching tool can be accessed via www.pymatch.com, and is currently available for pre-approved clients for the Australian dollar currency, with the Hong Kong dollar py match to be launched shortly.

Using technology from Kinetech Services, Py match automates the process of gathering data and matching positions at mid point prices for Forward Rate Agreement (FRA) and Single Period Swap (SPS) portfolios. By using py match on an Internet platform, Prebon Yamane allows its clients to access and use the tool whenever required, says the brokerage firm.

The online tool uses Secure Socket Layer (SSL) encryption to protect all communications with the Web site. Once logged into the password protected secure site, the yield curve will be displayed. The trader will then enter their orders and view successful matches when they buy and sell along the yield curve without taking an outright position.

The methodology for gathering prices and constructing yield curves is different for the AUD and HKD py match systems. For py match AUD, participating banks will provide rates for the early, middle and latter parts of the month. A yield curve will be formed based on the average points gathered from these rates. Matching sessions will take place fortnightly and traders can enter buy and sell orders for three-month FRAs. The banks will receive notification of successful matches.

Py match HKD runs a matching algorithm which uses a market accepted yield curve for matching positions. Matching sessions will take place fortnightly following the release of the HKD Hibor fixing rates. Traders can enter buy and sell orders for three-month FRAs and SPSs.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SuperDerivatives adds deal capture to currency pricing system

SuperDerivatives adds deal capture to currency pricing system

12 March 2002  |  868 views  |  0 comments
Ironbark begins Swap Objects testing

Ironbark begins Swap Objects testing

08 March 2002  |  904 views  |  0 comments
Cantor and Tullett combine for swaps data service

Cantor and Tullett combine for swaps data service

19 February 2002  |  2273 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7407 views comments | 21 tweets | 22 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7239 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5980 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5848 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5805 views comments | 11 tweets | 9 linkedin

Featured job


Brussels or Frankfurt

Find your next job