at Financial Technnology Year
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Features in Trading and Investment Systems
for Treasury
Platforms for managing the bank's investment portfolio and trading activities across different asset classes.
We ask vendors to mark their product against our feature list. It is not available for all products and in some cases we have derived data from publicly available sources. The list of features follows. Vendors can add a further 10 key features of their own.
Compliance and Regulatory Features
Capabilities to ensure adherence to regulatory requirements and internal policies
- AML/KYC integration
- Anti-Money Laundering and Know Your Customer screening capabilities
- Audit trail capabilities
- Comprehensive logging of all user actions and system events
- Compliance dashboard
- Centralized view of compliance status across operations
- Conflict of interest management
- Tools to identify and manage potential conflicts of interest
- Jurisdictional rule support
- Number of different regulatory jurisdictions supported by the system
- Limit breach detection
- Automated detection and alerting of limit violations
- Policy management tools
- Features to implement and enforce internal trading policies
- Regulatory reporting automation
- Tools to generate and submit required regulatory reports
- Regulatory update frequency
- How often the system is updated to reflect new regulations
- Restricted trading period enforcement
- Ability to implement trading blackout periods for specific users or securities
- Sanctions list screening
- Ability to check trades against sanctioned entities and individuals
- Trade surveillance
- Automated monitoring of trading activity for suspicious patterns
Integration and Connectivity
Features related to system interoperability with other platforms and data sources
- API availability
- Presence of well-documented APIs for integration with other systems
- Core banking system integration
- Ability to connect with the bank's core banking platform
- Data warehouse integration
- Ability to connect with enterprise data warehouses for reporting and analytics
- External data feed support
- Ability to incorporate data from external providers (Bloomberg, Refinitiv, etc.)
- FIX protocol support
- Implementation of Financial Information eXchange protocol for trade messaging
- Integration latency
- Average delay in data transmission between integrated systems
- Open banking compatibility
- Support for open banking standards and APIs
- Real-time integration capabilities
- Support for real-time data exchange between systems
- SWIFT connectivity
- Integration with SWIFT network for financial messaging
- Single sign-on support
- Ability to integrate with enterprise authentication systems
- Third-party integration options
- Number of pre-built connectors to third-party systems
- Trading venue connectivity
- Number of exchanges, ECNs, and other trading venues directly connected
Market Data and Analytics
Features related to receiving, processing, and analyzing market information for trading decisions
- Advanced visualization tools
- Interactive charts, heatmaps, and other visual data representations
- Alert configuration capabilities
- Ability to set custom price or condition-based alerts
- Customizable dashboards
- Ability for users to create personalized data views and analytics displays
- Data refresh rate
- Frequency of market data updates
- Fundamental data integration
- Access to economic indicators, company financials, and other fundamental data
- Historical data depth
- Length of historical market data available for analysis
- Market data sources
- Number of different data sources/providers integrated
- Market news integration
- Real-time financial news feeds and alerts within the system
- Real-time pricing data
- Live market pricing information across relevant asset classes
- Technical analysis tools
- Availability of chart patterns, indicators, and technical signals
- Volatility surface modeling
- Capabilities for modeling and visualizing implied volatility across strikes and maturities
- Yield curve construction
- Tools for building and analyzing interest rate yield curves
Portfolio Management
Features focused on managing and optimizing investment portfolios for treasury operations
- Asset allocation modeling
- Frameworks for strategic and tactical asset allocation decisions
- Benchmark comparison
- Ability to measure portfolio performance against selected benchmarks
- Cash flow forecasting
- Projection of future portfolio cash flows from investments
- Duration and convexity management
- Tools for managing interest rate sensitivity of fixed income portfolios
- ESG factor integration
- Ability to incorporate environmental, social, and governance factors into portfolio management
- Maximum portfolio capacity
- Maximum number of securities the system can efficiently manage in a portfolio
- Multi-portfolio support
- Ability to manage multiple segregated portfolios simultaneously
- Performance attribution
- Tools to break down portfolio returns by various factors and decisions
- Portfolio optimization tools
- Analytical capabilities to optimize portfolios based on risk/return objectives
- Portfolio rebalancing tools
- Features for automated or assisted portfolio rebalancing to maintain target allocations
- Tax optimization capabilities
- Tools to manage tax impacts of investment decisions
- What-if scenario analysis
- Ability to model potential trades and see their impact on portfolio characteristics
Risk Management
Features related to monitoring, measuring, and controlling various types of financial risks
- Counterparty risk monitoring
- Tracking exposures to individual trading counterparties
- Credit risk assessment
- Tools for evaluating and monitoring borrower or issuer creditworthiness
- Limit management
- Setting and enforcing trading limits across traders, desks, and portfolios
- Liquidity risk monitoring
- Tracking and forecasting asset liquidity and funding requirements
- Pre-trade compliance checks
- Automatic verification of trade compliance before execution
- Real-time exposure tracking
- Continuous monitoring of risk exposure across portfolios and asset classes
- Risk calculation frequency
- How often risk calculations are updated
- Risk factor coverage
- Number of risk factors (interest rates, FX rates, etc.) the system can model
- Risk-adjusted performance metrics
- Tools for measuring returns relative to risk taken (Sharpe ratio, etc.)
- Scenario analysis
- Ability to model different market scenarios and their impact on portfolios
- Stress testing capabilities
- Tools to simulate extreme market conditions and assess potential impacts
- VaR (Value at Risk) calculations
- Ability to calculate potential losses over specific time horizons and confidence levels
Security Features
Capabilities focused on protecting system data and operations from unauthorized access or breaches
- Biometric authentication options
- Support for fingerprint, facial recognition, or other biometric verification
- Data encryption standards
- Level of encryption used for data at rest and in transit
- Intrusion detection systems
- Automated monitoring for unauthorized access attempts
- Multi-factor authentication
- Requirement for multiple verification methods to access the system
- Penetration testing frequency
- How often security penetration tests are conducted
- Role-based access control
- Granular permission management based on user roles
- Security certification compliance
- Adherence to recognized security standards (ISO 27001, SOC 2, etc.)
- Security incident response
- Formal procedures for addressing security breaches
- Session timeout controls
- Automatic termination of inactive user sessions
- Third-party security audits
- Independent verification of security controls
- User activity monitoring
- Tracking and logging of all user actions within the system
- Vulnerability management
- Process for identifying and addressing security vulnerabilities
System Performance and Reliability
Characteristics related to the operational performance, stability, and resilience of the system
- Average system response time
- Typical time for the system to respond to user actions
- Data backup frequency
- How often system data is backed up
- Disaster recovery features
- Comprehensive business continuity provisions for major outages
- Failover capabilities
- Automated recovery mechanisms in case of system failure
- Geographic redundancy
- System deployment across multiple geographic locations for resilience
- Load balancing capabilities
- Ability to distribute workload across system resources
- Maximum concurrent users
- Peak number of simultaneous users the system can support efficiently
- Maximum daily transaction volume
- Peak number of transactions the system can process in a day
- Performance monitoring tools
- Built-in capabilities to monitor system performance metrics
- Recovery point objective (RPO)
- Maximum acceptable data loss in case of system failure
- Recovery time objective (RTO)
- Maximum acceptable time to restore system operations after failure
- Scalability features
- Ability to handle increased transaction volumes without degradation
- System uptime guarantee
- Contractual availability commitment from the vendor
Trading Execution Capabilities
Core functionalities related to executing trades across various asset classes in treasury operations
- Algorithmic trading capabilities
- Support for rules-based automated trading strategies
- Block trading capabilities
- Support for executing large volume trades with minimal market impact
- Direct market access (DMA)
- Ability to access exchange order books directly without intermediaries
- Maximum order throughput
- Maximum number of orders the system can process per second
- Multi-asset class support
- System's ability to handle different financial instruments such as bonds, currencies, derivatives, and money market instruments
- Order routing optimization
- Intelligent routing of orders to optimal execution venues based on price, liquidity, and cost
- Pre-trade analytics
- Tools for analyzing potential trades before execution
- RFQ (Request for Quote) functionality
- Ability to request and compare quotes from multiple counterparties
- Real-time order execution
- Capability to execute trades instantly as orders are placed
- Smart order types
- Availability of advanced order types like TWAP, VWAP, iceberg orders
- Trade execution speed
- Time taken from order submission to execution confirmation
- Trading hours coverage
- Hours per day the system is available for trading operations
Usability and Support
Aspects related to system ease-of-use, training, and vendor support services
- Average support response time
- Typical time for support to respond to queries
- Customizable reporting
- Ability for users to create and modify reports without technical assistance
- Help desk tiers
- Number of support levels available for issue escalation
- Implementation timeframe
- Typical time required to fully implement the system
- Mobile app availability
- Presence of a mobile application for remote access
- Multilingual support
- Number of languages supported in the user interface
- Support hours
- Hours per week that technical support is available
- System update frequency
- How often the vendor releases new features and improvements
- Training resources
- Availability of documentation, videos, and other learning materials
- User community resources
- Forums, user groups, or other peer collaboration platforms
- User interface customization
- Ability for users to personalize screens and workflows
- User satisfaction rating
- Average satisfaction score from existing users
- Workflow automation capabilities
- Tools to automate routine tasks and approval processes