Press Releases
Emergent Trading Solutions Integrates FINCAD Analytics into their ModelRoute Execution Management System
Vancouver, BC, July 30, 2008
Emergent Trading Solutions has integrated FINCAD Analytics into their ModelRoute pricing and execution management system. ModelRoute was designed to enable the buy-side to formulate their option trades using FINCAD's analytics and then send dynamic limit orders to the sell-side electronically. The system works because both the buy-side and sell-side agree to use the ModelRoute system, which eliminates inefficiencies.
As both parties use the same model, the order can be executed without the necessity for frequent, low value communication between the two parties because the options price, even in the face of volatile markets, is automatically recalculated as the price of the underlying security changes. Executions are seamless.
"The electronic tools that have been available in the equities market are now being applied to the options world through the ModelRoute system," comments Steve Lynner founder and CEO of Emergent Trading Solutions. "Customers can now submit their dynamic limit orders electronically. ModelRoute saves time by eliminating the high-touch, inefficient communication of the phone or instant messenger.
We decided to use FINCAD Analytics for the pricing component of our system because they provide proven, market-tested analytics."
Amar Budhiraja, Program Manager for the FINCAD Alliance Partner Program adds, "FINCAD is very pleased that Emergent Trading Solutions has joined the FINCAD Alliance Program. It was a great fit between the companies - the FINCAD Analytics engine coupled with an intelligent order creation and transmission system.
This partnership is a great example of how the FINCAD Alliance Partner program drastically reduces the time it takes to bring a product to market. FINCAD provides new and established companies with industry-standard analytics, so they don't have to build complex derivative pricing engines themselves."
Emergent Trading Solutions is moving towards a Beta Release for ModelRoute in August of 2008 and will support American, European and Bermudan-style options for both Listed and OTC options.
About Emergent Trading Solutions
Emergent Trading Solutions provides it clients with an electronic options execution management system which ensures that they receive a trade execution that is consistent with their portfolio strategy. Executions are seamless and efficient. Emergent Trading Solution's client base includes hedge funds, traditional asset managers and broker/dealers.
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that are essential for banks, hedge funds, corporate treasuries and asset management firms. FINCAD’s industry standard financial analytics are a key component in FINCAD solutions that are used by more than 25,000 professionals in over 70 countries. The FINCAD Alliance Program enables partners to leverage FINCAD software and expertise to meet their customers' evolving needs for robust financial analytics while allowing partners to focus on their core business.
Media Contacts:
Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
Steve Lynner
Direct: 781.801.0762
Email: steve.lynner@modelroute.com
