BUSINESS-FRIENDLY
The DUET system is designed to be as understandable as possible by business, support and technology users alike. The screens aim to be as user-friendly as possible, using business-centric terms. DUET always aims to shield users from any particular market venue-specific terms and technology, and presents a unified view of the functionality and behaviour across the electronic venues.
 SINGLE POINT OF DATA ENTRY
DUET replaces the situation where each market venue potentially has its own naming conventions and categorisations of financial products and customers, and unifies the data maintenance of this to be defined centrally in a way that is indifferent to the market venues. This has significant savings in terms of efficiency in maintaining and understanding the data, in far fewer errors, and is essential towards achieving truly unified cross-market reporting and more advanced negotiation rules.
SINGLE SOURCE OF ACTIVITY DATA
Having unified the basic customer and product data across the markets, DUET further unifies the activity data and renders it into a form that provides truly meaningful reporting and statistics to the business users, across several trading desks and regions if required, and is an essential foundation for the more advanced settings such as Customer Hit Ratio behaviour. |
PLATFORM FOR INNOVATION
When all basic and transactional data is unified across all electronic venues, there is now the ability to define more advanced behaviours in response to customer inquiries and orders.
For example, cross-market Customer Hit Ratios can be derived and used to drive the inquiry mark-up rules in response to RFQs, or bond positions/
Axes can drive the mark-ups differently if an inquiry comes in for that bond depending on its buy/sell side. Further creativity is no longer hindered, and the DUET system exposes the ability for your IT or strategy departments to inject additional rules dynamically, based off the DUET unified data and your own internal data.
EASILY INTEGRATED
DUET is straightforward to integrate with your internal pricing systems and your existing market venue connectivity components. We provide the handles into DUET to allow these connections to be made, and
will work with your IT departments in whatever capacity to ensure
the integration, data conversion and testing is as smooth and efficient as possible.
Market connectivity components are increasingly conforming to the emerging FIX standards for contributions of quotes and orders to D2C and D2D markets and for handling the customer inquiry interactions from D2C markets. The DUET interfaces will conform to these standards, allowing easy integration with whatever market connectivity components you wish to use.
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