iQbonds - the Total Solution for Electronic Bond Trading

iQbonds is a high performance software system which combines the market-making and trading of fixed coupon bonds into one application. The system provides simultaneous connections to various electronic markets, exchanges and information platforms as well as constant recalculations of bond prices and yields. iQbonds makes it possible to trade, quote and place orders on bonds on multiple markets simultaneously. iQbonds is a complete solution which satisfies financial institutions’ requirements while meeting the ever-increasing challenges of electronic bond trading.

• Top Functionality

  Automatic gateways combine information from all connected sources thereby creating more transparency for the trader. A well thought out GUI (graphical user interface) with multiple views, information tools and security tickers offers an optimal overview. With iQbonds, the management of quotes can be done individually or market based, the possibilities are endless. iQbonds features a complex and comprehensive pricing system based on active and passive price providers. In addition, the implementation of client-specific pricing methods and self-calculated prices is easily achievable. All calculations and quotes are controlled by the trader via the GUI, which enables a constant comparison between current market data and calculated prices.

• Intelligent Automation

  In order to provide the trader with more time for developing trading strategies, iQbonds was designed with automation in mind. This helps the trader to monitor changes in the market and to react automatically to predefined changes. Two of the most essential applications are the “Electronic Eye” for monitoring price and volume changes and “Hit Reactions” (for example Auto Hedging) for quick reactions to market events. Naturally, iQbonds also features an interface for automatic settlement. In combination with iSettle – icubic’s solution for efficient settlement – a fully automatic flow of trade data from the market to the financial institutions’ back office is possible.

• Flexible Connection

  iQBonds is connected via the iConnect interface to the markets and information sources. Currently, connections to BrokerTec, MTS, Eurex, eSpeed and HDAT, among others are available. Reuters and Bloomberg are supported as data providers. Additional connections can be made available at short notice.

  Simple Administration, Monitoring and Control

  Thanks to ist open architecture, iQbonds is easily integrated into existing system landscapes. The client-server-system secures a rapid computation and transfer of data. In order to insure the reliability of the system, iControl was developed. Comprised of a service application, an admin tool and a comprehensive rights concept, it secures the maintenance and consistent stability of iQbonds.