23 October 2017
Find out more

Summit Systems releases pricing and modelling trade application

08 May 2003  |  3322 views  |  0 Summit Systems releases pricing and modelling trade application

New York-based Summit Systems has launched its Multi Underlying Structured Trade (Must) application, designed to provide easy modelling and precision pricing of customised and sophisticated exotic instruments.

Must is a trading application that allows users to create new trade types with underlyings that span multiple asset classes, such as interest rates, FX and equities.

Trade characteristics can include heavily customised trade legs with embedded payoff formulas, plus user-defined variables that encompass trade input options and intermediary payoff variables to model path dependency or output variables. The Must application also employs a Brace-Gatarek-Musiela (BGM) pricing model, although users can also add their own proprietary model.

In addition, the system cuts the time delay between trade design and active trading by eliminating the need for programming, says the vendor. Using a single screen traders can assemble a complex deal structure, assign customisable trade attributes and model and store new trade type behaviour.

Guillaume Aubert, director, business development, Summit Systems, says: "Must is an extremely powerful tool for traders whose business includes highly structured trades that are very difficult to enter — much less price — using traditional front-office trade entry systems."

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

CNCE selects Summit for front and middle office

CNCE selects Summit for front and middle office

04 April 2003  |  2900 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15174 views comments | 17 tweets | 29 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13509 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9945 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9915 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8918 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job