Decision Software Trading System (DSTS) is a real-time fixed income trading, sales, and offering system specifically designed for high performance global trading. DSTS’s real-time interaction between trading, financing, sales, the web, and customers gives traders and trading management complete control over all aspects of their trading activities. DSTS’s single control screen paradigm gives traders easy access to all trading and risk management functions from a user-configurable “Risk Monitor” screen.

Trading

Fast Trade Entry utilizes a single turbo line format with defaults and customizable pull-down boxes.

Position Management permits real-time updating of positions within a consolidated global six level organizational hierarchy structure.

Profit & Loss (including carry) is calculated in real-time on a daily, month-to-date, and year-to-date basis.

Multi-level Matrix Pricing is extremely fast using user defined benchmarks, a basis, or a yield curve. Swap Box Support allows traders to manage spreads between benchmark securities and off-the-run securities.

Hedge Equivalents can be calculated for any security, position, portfolio, desk, department, branch, or firm using multiple user defined securities. Risk Management measurements include duration, convexity, cash flows, DV01 and greek sensitivities.

Yield Curve Support includes multiple yield curves by currency/asset class, curves off curve, and zero coupon curves.

Option Pricing Models are utilized for the valuation of options, bonds with embedded options, and OAS analysis.

Order Management allows traders to monitor and execute orders generated by sales/customers.

Trade Blotters permits users to review daily and historical trades, cancel/correct trades, and to sort trades using user defined selection criteria.

Electronic Trading support includes multi-tier pricing, offerings by channel, order management, and user defined rules governing order auto-execution.

Offerings made by traders can be accessed by customers/sales directly or via the web.

Scenario Analysis permits traders and trading management to observe the effects of theoretical trades/yield curve shifts on their portfolios.

Electronic Trading System Interface allow executed trades to automatically hit a trader’s blotter and update their positions.

Trader Analytics include basis trading analytics, strip/reconstitution profitability analysis, butterfly spread analysis, arbitrage trade linking.

Sales

DSTS completely automates the flow of real-time information between the trading desk and customers / sales. The sales force can view trader’s offerings / prices in real-time and auto-execute the trade or enter an order. Salespeople and customers located at remote sites are able to interact with the trading desk via the Internet.

All Trading Functionality such as pricing, risk analysis, calculators, etc. is available to the sales force.

Trader’s Offerings/Prices may be viewed by customers/sales in real-time.

Orders may be entered by customers/sales via the Internet/private network and routed to the trading desk for monitoring execution.

Mouse/Keyboard Trade Entry allows trades to be entered quickly with complete trade figuration.

Auto-Trade Execution of traders offerings can be done electronically by customers/sales.

Real-time Prices are available to the sales force for monitoring orders, positions, and spreads.

Slate Trade Entry for automatically matching trader side with sales side of a trade.

Quick Search allows the sales force to filter the securities database and to list securities based on security type, issuer, coupon, maturity, etc.

Specific Securities/Spreads may be monitored by the sales force with real-time updates.

Sales Credits/Commissions are calculated and viewed in real-time or via user defined reports.

Ad Hoc Reports of user defined sales activity may be created on the fly and saved for later use.

Scenario Analysis allows sales personnel to run “what if” analysis against customer portfolios.

DSTS OMS is a J2EE compliant browser based application that allows remote sales/customers to access DSTS offerings/prices, auto-execute trades, and enter limit orders via the Internet.

Sales Blotters allows sales to view daily and historical trades, to review trade/order status, and to sort trades using user defined selection criteria.

Block Trade Allocations permits block trades to be automatically split into sub-accounts with full audit trails.

Access to Historical Trades is available via DSTS’s archival database.