The technology move from the traditional exchange model to new business agile exchanges and marketplaces is underway, and innerExchange will support the move with its unrivalled level of technology.
New electronic exchanges and internet driven marketplaces bring huge advantages for distribution, flexibility and lower cost. inExFlex, operates a state-of-the-art trading platform using a combination of FIX native straight-through-processing components, from the creation of very complex products to be traded, counterparties secure accesses, and rules-driven market model enabling a wide variety of markets and contracts to be handled.
In its standard setup, inExFlex allows for institutions' trading desks to create standardised products as well as very complex OTC products, create markets with flexible matching models, and invite their counterparties, while the Compliance functions can monitor and operate the entitlements and levels of engagements of the counterparties involved.
inExFlex benefits are significant in the current rules and regulations mutation that OTC markets are entering into.
Reduced Administration - by handling orders and transactions electronically from the order input to integration in back-offices, traders can reduce the costs of transactions significantly, while reducing operational risks dramatically. All the business flows are FIX protocol native which reduces the cost of integration into existing infrastructures.
Reduced Risks - by involving real time Compliance functions in the process of the transactions, counterparty risks and costs associated are reduced significantly, therefore allowing the trading desks to increase volumes and liquidity which makes their markets more attractive.
Reduced Costs - inExFlex helps OTC markets reduce their operating costs, their administrative costs, and technological expenses significantly. inExFlex modular approach uses and leverages all of the very latest technological advances in the exchange technology space and offers exceptional scalability, security, failover, throughput and ease of support. These cost savings can be passed onto our clients without having to compromise on performance and functionality.
Improved Customer Satisfaction - Offering new services that cover the whole life cycle of the transaction, with low cost of ownership trading solutions, dramatically reduced administration, improved management of risks, ease of integration with existing systems are vital contributors to improving the operational margins and costs.
Nicolas Chéronet, Managing Director of innerExchange said "This further enhances the level of flexibility and effectiveness not yet seen in trading and matching systems, yet ensuring a high level of scalability and robustness. We have initiated a paradigm shift in trading by offering the users to create very complex product structures to be traded and more importantly, ensuring the Compliance to act upon counterparty risks in real time. The next step for our customers is the release of inExClear, our rules-driven settlement process, therefore offering them a comprehensive suite of services for the full life cycle of a transaction, completing with clearing and settlement and the ability to process OTC transactions electronically."