Source: icubic
The new iQbonds release 3.5 provides the trader with further conveniences for the electronic trade in securities.
icubic's high performance system enables pricing, quoting and trading of bonds and trading of futures on electronic markets and platforms from a single application. With iQbonds 3.5 icubic further improved the system in terms of performance and user-friendliness. To further easen the trader's workflow the amount of tradeable instruments got extended, and several market adjustments have been implemented.
This means in detail the extension of HitReactions, that now include stop-buy and stop-sell future orders. HitReactions are iQbonds's automatic reactions to freely definable market events, for example a quote being hit or lifted. The system monitors all connected markets and disposes of more than 20 of such HitReactions. This easens the trader's workflow significantly.
BayernLB is deploying iQbonds since 2001 and is convinced of the system's advantages. "We use iQbonds to act on electronic markets and platforms such as Bloomberg, BrokerTec, Eurex, MTS, and soon Reuters. HitReactions are an essential feature doing that as they facilitate automatic and fast reactions to events. iQbonds is an innovative system, whose performance and simple integration into our system environment are some of its most convincing features." says Thomas Janocha, e-trading specialist BayernLB.
Another enhancement in the iQbonds release 3.5 is the implementation of new instrument types such as participation certificates, step bonds, and bonds with a freely definable cash flow. Furthermore, iQbonds 3.5 enables the managing of asset backed securities (e.g.: maturity, repayment, CPR, WAL). As a result the trader can manage an even bigger number of instruments in an efficient, fast and safe way using iQbonds. The creation of bonds has further been easened as calculation parameters can be grouped into sets. Thus a set, that already has all definitions (e.g. valuta), can be applied to a new bond.
Several other new iQbonds 3.5 functionalities, such as the enhancement of the TED price source, aim at the highest comfort in electronic trading. Besides the traders' comfort, icubic mainly focus in their software development on the system's performance and being up-to-date with the market.