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IFS upgrades collateral trading system

22 June 2000  |  2021 views  |  0 IFS upgrades collateral trading system

Dublin's International Financial Systems has released the latest version of its MarginMan collateral trading and risk management system. The upgrade offers enhanced security, capacity to deal with multiple funds, trade books for prime brokerage and tiered margining of currency groups.

"This release represents more than 18 months of hard work by our developers and firmly establishes MarginMan as one of the most sophisticated collateralised trading products on the market today," says Ken Coldrick, managing director, IFS.

MarginMan is a suite of Web-enabled risk management software applications consisting of specialised collateral-based trading modules. MarginMan determines and values collateral, monitors the risk inherent in the client's open positions, relates the value of collateral to the size of perceived risk and automatically issues alerts if the collateral/risk ratio drops below pre-defined limits.

The product is currently used by more than 60 financial institutions including Deutsche Bank, Citibank, ABN Amro, Australia & New Zealand Bank, Union Bank of Switzerland and Royal Bank of Canada. In June 1999, Intel Corp. and Deutsche Bank acquired a joint stake of 14% in IFS.

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