CrossTrade
Crossing trades between funds internally can be operationally complex as well as having to adhere to a stringent regulatory framework both in Europe (EMIR) and the US (SEC). However, optimising this process via a standardised and compliant workflow can significantly reduce transaction costs for the funds. CrossTrade provides dealers with a fair third party live market price within a transparent, audited and simple trade environment.
Key features:
MiFID II compliant as an independent service and auditable workflow with true transparency
Wide universe of coverage across Corporates and Sovereign bonds
Flexible settlement date (T+0 > T+10)
Embedded FX rates for Emerging Markets local currency crosses
Efficient upload either through copy/paste or direct from OMS/EMS via FIX connectivity
Live mid-market price streamed directly through Interactive Data’s (IDC) Continuous Evaluated Price (CEP) with price challenge functionality
Post-trade available via Straight-Through-Processing (STP), Auto-VCON and FIX trade confirmations
Automatic post-trade fund allocation through OMGEO CTM
Compliance log-ins for view only access and complete oversight of their historical and live activity for their firm
No subscription or access fees
Coverage:
Corporate bonds (EUR, GBP, CHF, USD)
Sovereign bonds (EUR, GBP, CHF, USD)
Emerging Market Hard & Local currencies (SEK, NOK, ARS, AUD, CLP, CNY, HUF, JPY, KZT, MXN, MYR, PEN, PLN, PHP, RUB etc)
ABS/MBS/RMBS
