xCM, the xQuant Sales and Trading System ‒ Commodities, provides comprehensive front-to-back trade processing capabilities for sales and trading operation in securities houses covering commodities, with particular focus on the China market. It has necessary application modules and interfaces for full integration with other middle and back office operations, upstream or downstream. The system supports instruments like precious metals, commodities, commodity futures, exchange-traded options, over-the-counter options, total return swaps and income certificates. xCM covers trade processing cycle end-to-end with maximal automation of seamless Straight Through Processing (“STP”), such as trade inception, trade approval and hedging management in the front desk, and limit control, risk monitoring, settlement and clearing in the middle and back offices.