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Growing transaction volumes and increasingly complex structures are creating a real challenge for derivatives sales organizations. Framesoft's OTC Platform (FOP) addresses the day-to-day needs of both sales and trading by supporting typical workflows in structuring, simulating and selling OTC derivatives.

Framesoft's OTC Platform (FOP) helps organizations involved in derivatives trading and sales to eliminate operational risk by electronically supporting every single step in the derivatives sales cycle.

FOP is tightly linked to the trading system via an FpML based two-way interface. Price requests, simulations and trades can thereby easily be processed without any manual intervention.

Framesoft's OTC Platform (FOP) not only captures derivatives transactions of pre-configured structures but also supports the product creation process itself. FOP allows the design of arbitrary new product structures and makes those structures available to sales & trading or Financial Engineering.

Complementary to the capturing of transactions based on pre-configured structures FOP provides a "free format" term sheet negotiation module which allows users to electronically support and capture even very exotic, new or rarely traded structures.

 Main Features

  • New products can be defined, configured & traded instantaneously via a “free format” term sheet module
    which allows users to electronically support / capture even very exotic, new or rarely traded structures
  • Direct link to information from Customer Database and to Framesoft Contract Repository (FCR)
    in order to check if Master Agreements are in place for a specific customer
  • Eliminates typical operational risks (misunderstandings, lost tickets, inconsistent confirms)
    involved in structuring & selling complex structured OTC derivatives by electronically supporting every step in the derivatives sales cycle. FOP keeps track of open quotes & supports Sales in the process of following up with the customer and is tightly linked to the trading system
  • Trade results are transferred directly into the Bank’s Risk Management System and Customer Database
    Trades (even Multi Product Trades) can be split into Multi CP Transactions at trade capture time, providing a further increase in Straight Through Processing (STP)
  • Typical option sensitivities can be analyzed by means of a 2D / 3D graphics simulation engine
  • Perform extensive simulations in order to tailor a product to customers’ needs
    calculations can be performed by the pricing engine of the risk management system or any dedicated pricing engine embedded or connected to FOP
  • Indicative Pricing
    can be obtained on demand from either the pricing engine of the risk management system or embedded FOP pricing engine
  • Supporting all workflows typically found in organizations involved in derivatives sales
  • Support of a variety of trade modes and workflows such as Good Till, Live Quote, Intraday Forwards, Limit Quote and Best Effort Quote
  • Pay-off analyzer module
    can be used to illustrate pay-offs of exotic structures and Multi Product trades and how the parameters of the structure components influence the pay offs
  • All Simulation Results can be exported into MS Office documents, where they can be used for the creation of dedicated customer offerings
  • 4-Eye Approval - each stage of the Trade can be made subject of approval
  • Full audit trail functionality
  • Extensive MIS Reporting & Analysis Capabilities, including MS Excel reports directly out of FOP
  • Field based security concept ensures that, e.g., the “Sales quoted price” can only be entered by Sales