Derivatives brokerage house DRW Capital Markets UK, part of Chicago's DRW Trading Group, is implementing Future Dynamics' middle office product, Viewpoint, to manage its clearing exposure.
Viewpoint is an order matching and allocation engine, which extracts trade execution data from exchange clearing systems and matches filled orders against broker execution information.
The system will provide DRW Capital Markets UK with a single interface for managing account allocation, give-ins, give-ups and splits from multiple exchanges, including LIFFE/Euronext, IPE, EUREX, CBOT and CME.
Chris Stone, head of DRW Capital Markets UK, comments: "As a non-clearing member we need to closely manage the exposure created by having unclaimed trades on our books. Viewpoint allows us to consolidate our business onto one screen regardless of exchange and increase the speed at which we can monitor any exposure through configurable views, reports and alerts."