Trading

DECIDE™'s real-time trading function supports both electronic exchanges and the capturing of OTC deals. Via integrated interfaces, several electronic exchange systems can be reached, including Xetra, Eurex - a/c/e, Xontro and Instinet (with euronext and life to be added soon). Further exchange systems as well as direct links to brokers can be integrated via FIX-interfaces.

Position keeping

The position keeping system in DECIDE™ meets all requirements of a modern, fully integrated trading process. Functions include:

• Trading books can be arranged in a tree structure of variable layout and without limitations to the amount of number aggregation levels. For example, such tree structure can be used to differentiate prop and agency trading, asset management, profit and risk centres as well as trading desks in a highly flexible manner
  
• Real-time position updates
  
• Real-time position valuation, based on actual and/or theoretical prices. These can be calculated either by the comprehensive DECIDE™ internal mathematical libraries, via in-house price feeds or through defined mathematical formulas
  
• Click trading and deal capturing directly from the position window
  
• Filtered views on a position by various criteria
  
• Structuring of positions by selectable criteria - user defined
  
• Definition of "microhedges" as logical sub-structure of trading books

Additional functions

In addition to the functions described above, DECIDE™ offers a wide variety of product features for the support of trading and risk management processes. These include position simulations and analyses, real-time supervisor screens with aggregated P&L data and special reporting functions, as well as a powerful "trader workbench".