This paper illustrates how the technology of TimeScape Pricing Services enables new financial products and pricing models to be brought to market faster and at lower cost than the competition.

Download Structured Products II - Faster time to market with TimeScape Pricing Services white paper PDF. (This document requires the free Adobe/Acrobat Reader.)

Introduction

In the previous white paper, Structured Products I, Xenomorph described many of the key technology issues for financial institutions in bringing complex derivatives and structured products to market. We have also explored how, as a result, they may suffer from increased resource requirements, increased regulatory charges, lost trading opportunities and heightened risk. Unfortunately, such direct and indirect costs can ultimately erode the potentially large commercial benefit of being first to market with a new product or trading strategy.

In order to support these complex financial products, systems must enable

• Data and pricing consistency throughout the institution: on the trading desk, in risk management and across all trading systems
• Support for very complex data structures that can be extended rapidly
• Automated data collection, validation and cleaning
• Easy linking between instrument data and pricing analytics
• Configurable benchmarking between different types of model
• The flexibility of spreadsheet usage without the risks
• The introduction of new products at minimal impact to downstream trading and risk management systems
• Scalability and business-critical reliability to meet the need for near real-time risk management and increased trading volumes

In this white paper, Xenomorph describes how TimeScape Pricing Services addresses the above issues, resulting in tangible and quantifiable reductions in costs and increased profitability for all institutions that wish to trade and risk manage more complex financial instruments and structures.

Contents

• A more structured approach
• TimeScape technology overview
• TimeScape business benefits
• Summary
• Appendix 1 – Supported assets
• Appendix 2 – Purchasing considerations

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Download Structured Products II - Faster time to market with TimeScape Pricing Services white paper PDF. (This document requires the free Adobe/Acrobat Reader.)