Front office solutions vendor Broadway has introduced major upgrades to its Duration Trader algorithm. During an ongoing period of volatile European interest rates, the upgrades provide clients with an enhanced ability to efficiently unwind risk, eliminate inefficient manual hedging processes and reduce market leakage.
By enabling customers to move to an automated hedging process, Duration Trader empowers them to keep pace with rapid market movements, reduce trading costs and minimize information leakage, according to the company.
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