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

Share article

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: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

Date: 16 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU...

BLOG

Refinitiv Adds Country SDG Scores to ESG Data Arsenal

Refinitiv’s launch of measures assessing the sustainable development performance of individual countries is the latest of a series of services targeted at the burgeoning ESG investing space. The addition allows Refinitiv to offer asset managers and servicers scores that indicate the degree to which funds, corporations and now countries meet the UNs Sustainable Development Goals...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...