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

CrossTradeScreen.png