Jun 2015, Singapore
FinIQ is pleased to announce incorporation of fully configured FX option strategies in its FX trading platform. The new feature allows introduction of brand new strategies based on vanilla and exotic options with single or multiple expiries. The combination can be generically named such as Risk Reversal, Calendar Spread or brand-named as per bank's own choice.
The FinIQ System already allowed price discovery, dealer intervention, negotiation, documentation, booking, mid life processing, amendment, cancellation, schedule adjustment, barrier watch and expiry management of the package as a single unified product in a fully configured manner. This new feature extends the system unification approach even to the online pricing function. The price for the combined structure can now be inquired from five different leading market makers, expressed as a collective premium representing all building blocks, which is then subjected to best price algorithm, further subjected to quote expiry rules and then presented as the best price.
With the new enhancement, investment advisors, relationship managers and execution dealers can now electronically trade structures such as strangle, straddle, risk reversal, calendar spread, butterfly, knock-out forward, KI-KO forward, leveraged accumulator, booster accumulator or any such combination within a matter of seconds. New structures can be introduced fully via configuration and without any software change.
The new feature is expected to go live in production in Q4 this year.