It is now possible to use Volmaster to offer a complete single-name trading platform to external customers, as the system now supports:
• Customization of white-labelling, including logos and pre-confirmations
• Mapping of external legal entities as counterparties
• Assigning granular rights and permissions to external users
• Displaying the pricing forms from a market-taker point of view for an external user
• Managing the external user – Trader RFQ interaction
• Consuming the deal with real-time calculation on a changing spot
• Producing pre-confirmations
• Booking the deal (from the bank’s point of view), STP via Volmaster API
• Verifying all activity in blotters
Of particular note is the fact that an external user consuming an RFQ will have a real-time recalculation on a moving spot. This takes place both in Single-Leg and Multi-Leg, for vanillas and all exotics up to and including 1st gen exotics (priced in SLV), even with solver-on.
Such interaction is planned to be extended to cover also 2nd gen exotics and more in general any custom instrument (defined via our payoff-scripting technology) in Q1-24.