Trading systems firm FNX has partnered with Irish derivatives and risk management consulting outfit First Derivatives to create a new Java-based interest rate derivatives blotter for its flagship Sierra product.
Geared towards the needs of commodity traders and portfolio managers, the new blotter will seek to integrate derivatives hedging and funding instruments and will offer the ability to see position, risk and P&L for current rates, as well as full simulation capabilities by varying rates, volatility and time horizons.
Matt Garter, FNX’s IRD development project leader comments: “The ability to book all trades in one system with separate blotter capabilities that enable individual, customisable analysis for different books and portfolios is something that we believe to be extremely important in today’s financial environment.”