The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

OpenLink Adds Markit, Bloomberg Interfaces in New Release of Findur

OpenLink, a provider of cross-asset trading, risk management and operations processing software solutions, has released Version 8.1 of its Findur credit derivatives trading platform. Among other enhancements, the new version offers an interface to derivatives data services from Markit Group as well as access to instrument data from Bloomberg. 

The Findur platform performs a broad range of functions around the trading process, including pricing, analytics, trade capture, risk management, settlements, confirmations, cash management, accounting and collateral management. It features a number of integration tools providing users with the ability to create their own proprietary market view through the use of an external pricing model API, user-defined instrument builders, and user defined pre- and post-processing services that perform credit limit checking, real-time position/risk/P&L updates, compliance management, automation and alerts.

Developed closely with OpenLink’s client base in response to the rapid growth and evolution of the credit derivatives markets, the latest version offers new support for both listed and over-the-counter derivatives. As well as adding access to derivatives data from both Markit Group and Bloomberg, the system now supports trading in: inflation linked swap instruments; Brazilian CDI swaps; ABS instruments; swap futures; CDS on ABS/MBS; capitalization bonds; payment-in-kind bonds; LOCs and commitment loans.

The system also supports performance reporting and attribution; novation processing; new pricing models for convertible bonds and other instruments; a T-Zero interface; a DTCC/DerivServ interface; a SwapsWire interface; a new Trade Process Management workflow builder; and support for Unicode character sets.

According to Gary Koche, global director for Findur, all market data interfaces are added based on customer and market place demand. “Such interfaces are essential for optimal deployment of the solution’s functionality and the system’s ease of use,” he says.

The latest release is an extension of what OpenLink sees as the product’s prime mission: providing clients with support for trading the most complex and diverse financial and physical products. “Clients benefit by having a single solution supporting a wide variety of asset classes and functional requirements, within a single, secure trading environment,” Koche adds.
“While we continue the trend toward providing the broadest asset class coverage, other recent product innovations include our new Trade Process Management module. Our Trade Process Management enhancements provide a flexible framework for defining trade processing workflows,” continues Koche. “These workflows can be defined at extremely granular levels, including at the trade or instrument levels.

This provides our customers the opportunity to increase efficiencies in operations while providing an improved control and audit environment over trade entry, approvals, enrichment, and routing.”

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

Observational Learning Boosts Data Quality, Improves Reconciliations, Cuts Costs of Exceptions

Large data volumes and manual data validation techniques are making it difficult for firms to achieve levels of data quality required to support seamless transaction processing and regulatory reporting. The problem is exacerbated by MiFID II and other emerging regulations that impose new processes on transaction reporting, including reconciliation of transactions from the trade repository...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Data Management Implications of Solvency II

Bombarded by a barrage of incoming regulations, data managers in Europe are looking for the ‘golden copy’ of regulatory requirements: the compliance solution that will give them most bang for the buck in meeting the demands of the rest of the regulations they are faced with. Solvency II may come close as this ‘golden regulation’:...