FM Converge as a platform provides an organisation with a very efficient, flexible and highly responsive application to price, structure and manage risk on a wide variety of financial instruments. The platform also enables straight through processing of vanilla and exotic trades along with an integrated accounting module. The Risk module of FM Converge gears up your organisation with tools to face regulatory changes - both current and upcoming.
The Front Office module enables the Structuring Desk in the front office to quickly introduce new structured products across asset classes and distribute them to the sales team. It also provides configurable analytics and risk management tools. All this integrates with the legacy treasury systems already in place in your organization resulting in a very high return on marginal investment. A trader can maintain user versions of market data, settings, etc., which can be separate from the Middle Office. The platform allows pre-deal checking of CVA and FVA for a deal and allows choice of discounting curve - LIBOR, OIS or based on Cost of Funds. FM Converge has a wide array of models to choose from for matching market prices for various currencies and under a variety of market conditions. In line with regulatory trends, FM Converge has a white box approach to models with model parameters exposed and validation spreadsheets shared with our clients.
The Back Office module enables deal processing, deal life cycle management, confirmations, settlements and accounting of vanilla and exotic trades in a straight through workflow. The workflow is configurable and designed to handle high volume flow business. The back office module integrates seamlessly with payment gateways and clearing platforms to enable transaction settlements. The rule based accounting engine facilitates compliance with multiple accounting standards, if required, for multiple regulatory regimes.
The Enterprise Risk Module supports VaR computation using full revaluation on deals and positions (wherever applicable). Simulation based VaR along with Expected Shortfall computation is available along with drill down capabilities to risk types as well as by desks/products/etc. Stress testing, Back-testing and Standard Approach capital calculations are supported. Liquidity adjusted Expected Shortfall and Internal Model Approach is being worked upon in its full scope and will be released to our clients to enable FRTB compliance.
A scalable architecture makes the platform suitable for small teams and also for large multi-locational trading desks. FM Converge provides the modelling, processing and technology advantage that would help your markets business to do a lot more.
FM Connect enables branches and customers of a bank to view streaming tradable quotes, negotiate prices for vanilla and exotic financial instruments and transact a wide variety of products across Foreign Exchange, Fixed Income/Interest Rates, Equities and Structured Products.
The platform enables the Sales Desk to reach out to branches and clients with the entire suite of treasury and capital market offerings providing an integrated Single Dealer Platform. It helps extend the sales desk to remote locations and offers a platform to price, negotiate and trade with a much higher degree of automation. It provides control and flexibility at the same time, analytics on sales data and reduced cost per transaction. For the customer, the platform provides a unified access point for all products that are on offer, tradable quotes and an advanced MIS. For senior management, it provides key metrics like profitability, customer analysis and sales performance details. The platform is modular in nature and can be deployed by asset class. It comes with an internal module for Limit Monitoring along with an integration layer that facilitates interfacing with an external limit system. A customizable solution that can be white-labelled to your needs, FM Connect can be the engine that lets your sales team add a unique easily scalable channel.
FM Bullion from FinMechanics is a front to back platform that improves efficiency in every step of the physical trading business of Bullion products. The platform caters for both Physicals and Paper Trading (Proprietary desk and Hedging). The platform is cross-functional catering to front office, operations/planning, accounting, logistics/shipping, inventory and risk management.
FM Banknotes is an integrated platform that helps streamline the wholesale banknote business flow. The platform caters to front office, operations, accounting, shipping, vault and risk management. It allows pricing of all kinds of banknote trades (standard, cash exchange, offshore, collection, consignment, etc.) along with inbuilt user defined spreading rules, pre-deal credit limit checking and deal booking. The platform does pre-deal inventory checking for all denominations and banknote conditions and alerts the dealer accordingly in case of inadequate inventory. Net open FX positions and FX positions on a date ladder by currency and currency pair can be monitored in real time. Interbank FX trades can be booked as hedges allowing monitoring of hedged banknote portfolios.
FM Converge is an enterprise cross asset platform providing rich and flexible pricing, structuring, risk-management and processing capabilities
FMConnect is an e-commerce platform which allows Banks to offer online real-time pricing, analysis and trade booking services to different customer segments across multiple asset classes.
FM Banknotes/Bullion are integrated front to back platforms that help to streamline and improve efficiency in every step of the physical trading business of Banknotes and Bullion.