Fixed Income Trading and Distribution
Our fixed income software applications, the Decision Software Trading System (DSTS) and BondOne, provide institutional and retail fixed income dealers with sophisticated electronic trading and order management capabilities that are second to none. The combination of DSTS and BondOne provides financial firms with a cost effective solution to automate the trading and distribution of fixed income securities. Our connectivity product, DSTS Connect, allows financial firms to publish their offerings to multiple distribution channels and to import offerings from external fixed income dealers and re-offer them to their sales force and customers.
Our Mission: To be the premier supplier of real-time fixed income sales and trading systems to the sell-side financial services industry.
Products:
The Decision Software Trading System (“DSTS”) is a real-time fixed income sales and trading system specifically designed for high performance pricing and transaction processing. It allows financial firms to electronically offer fixed income securities to multiple distribution channels and auto-execute orders automatically.
BondOne is a browser-based sales, order management, and order execution system specifically designed to support both institutional and retail fixed income sales activities.
Detailed Product Information:
The Decision Software Trading System (“DSTS”) is a real-time fixed income sales and trading system specifically designed for high performance pricing and transaction processing. Traders can enter trades, matrix price their inventory, view positions and P&L, manage their risk, set auto-execution rules, publish offerings, and respond to Request for Quote (RFQ) orders. The specialized requirements of traders, trading assistants, salespeople, middle office personnel, risk managers, retail brokers, and trading management are all supported through customized workstations. DSTS allows each user to easily access all trading and risk management functions from a single, user-configurable screen. DSTS enables each trader to custom design their own screens with the specific display and data placements according to their own individual preferences. In addition each user can specify multiple sort and break parameters for displaying position information.
DSTS is a true multi-currency system that supports the following financial products globally:
| Treasury Securities |
Government Agency Securities |
| Repo Transactions |
Mortgage Backed Securities |
| Corporate Securities |
Municipal Securities |
| Structured Securities |
Emerging Market Securities |
| Preferred Securities |
Auction Rate Preferred Securities |
| Unit Investment Trusts |
Guaranteed Investment Certificates |
| Foreign Exchange |
Money Market Instruments |
| Financial Futures |
Exchange & OTC Options |
| Interest Rate Swaps |
Forward Rate Agreements |
Trading management is able to view individual and consolidated positions, P&L and risk in real-time across the entire firm. Sales personnel can search / view offerings, enter orders, and monitor prices / spreads directly or via the web. Slate trade entry for automatically matching trader side and sales side of a trade is supported.
DSTS’s electronic trading functionality enables users to completely automate their fixed income electronic trading activities. DSTS can be described as an enterprise wide
“Order Based Trading System” that acts as a business rules engine for managing all electronic trading activities. Our electronic trading functionality includes multi-tier pricing, offerings by channel, order management, and user defined rules governing order auto-execution. DSTS automates the flow of real-time offerings, pricing, and order information between trading desks and any number of used defined distribution channels. DSTS has the ability to import offerings from external dealers and reoffer them to their sales force. DSTS has real-time connectivity to ECNs such as Bloomberg, TradeWeb, e-Speed, BrokerTec, BondDesk, CollectiveBid, Knight BondPoint, and TheMuniCenter.
BondOne is a browser-based sales and order management / execution system specifically designed to support both institutional and retail fixed income sales activities. It was tailored to support sales and trading organizations with remote sales offices. BondOne can import offered securities from an internal trading desk or from third party dealers and offer them to their sales force or customers directly. BondOne provides users with the ability to:
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