Intelligent Markets' OMS goes live at BNP Paribas
06 October 2010 | 2254 views | 0
Source: Intelligent Markets
Intelligent Markets, Inc., a specialist in convertible bond order management systems, announced today it has completed deployment of its unique ALTA® software platform at the BNP Paribas convertibles trading desk in New York.
The ALTA system handles all convertible bond trading requirements, including seamless connectivity to the buy-side to ensure orders are handled with accuracy and speed, selective publishing of dealing prices and inventory, integrated client inquiry and order management, complex compliance requirements, predictive historical data regarding client interest, and counterparty searching tools. In addition to satisfying these client/sales/trading workflows, the ALTA system fully complies with all existing regulations pertaining to workflow documentation, trading protocols and other complexities unique to convertible bonds.
Commented Michael Fairweather, president and chief operating officer of Intelligent Markets: "With the cooperation of Luke Edwards and his BNP Paribas convertibles team, we easily met our dual objectives of getting their desk up and running smoothly, on time and on budget. This deployment is representative of how progressive convertibles trading operations benefit from using the ALTA system, instead of trying to retrofit equity and bond systems into an ad hoc solution."