CrossTrade

With regulation making it increasingly difficult to execute internal ‘cross trades’ in a timely and compliant manner, CrossTrade provides dealers with a fair third party market price within a transparent, audited trade environment.

Key Features:

• MiFID II Compliant
• Wide universe of coverage across corporates and sovereign bonds
• Flexible settlement date (T+0 > T+10) 
• Embedded FX rates for EM 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 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 firm’s historical and live activity
• 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