Italy, January 15th, 2019 – SoftSolutions! is happy to announce the addition of Auto-reply functionality to it’s flagship market making system, nexRates.
Our Auto-reply capability allows trading desks to build a set of algorithmic rules when automatically responding to an inbound client RFQ. The auto-reply feature is available across all major trading venues: Bloomberg, MarketAxess, Tradeweb, etc., (our website has an updated list of trading venues: http://www.softsolutions.it/en/connectivity/gateways-list/).
nexRates Auto-reply benefits our clients in the following ways:
- Automated response to inbound low-touch RFQs, freeing up time for care orders
- Provides client tiering on a number of different dimensions
- Improve venue league response ranking by reducing RFQ response time to zero
- Manage auto-reply rules on a per-book, per-account. per bond type basis, with maximum flexibility
- Full audit trail of automatically done trades
- Manual trader intervention always possible
- Kill Switch at various levels for full control
SoftSolutions! is proud to be part of our clients’ business strategies and progressing the trend of the “electronification” of fixed income trading.
