Securities

Bank

Fund

Insurance

Trust

xCM - xQuant Sales and Trading System

Introduction

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.    

Applicable Companies And Departments

Broker

Bulk commodity business line

Fixed income department

Financial innovation department, etc.


Futures company

Risk control subsidiary


System Features

Unified business management platform

There are many kinds of commodity businesses, and the business models include trading (proprietary\immediate), financing, hedging, market making, etc. The market is divided into on-site, off-site, over-the-counter clearing and cross-border market. Clearing and settlement processes are different. There are various characteristics of transaction subject matter and transaction forms, thus the business risk management methods are also different. Therefore, a unified business management platform is established to realize timely and accurate disclosure of business risks and efficient management through IT system business process and bookkeeping of complete business data.


Straight-through business process

The system covers a whole set of business processes from transaction initiation of front-office business to transaction execution and transaction confirmation, and then back-office bookkeeping. Particularly, it covers bidding, transaction, risk control, approval, execution, settlement and accounting, thus providing a cross-departmental transaction management platform for the whole process.


Professional and open pricing analysis engine

For the pricing of commodity derivatives, the system supports an open external pricing interface, which can be integrated into the system with an external pricing module. Additionally, xQuant has a senior, professional and independent financial quantitative research team and development team to continuously provide advanced, accurate and mature algorithm models for the system.


Powerful approval and risk control

It can provide flexible definition of risk limit, realize real-time risk control before and after the event, and support level-by-level approval mechanism, which can effectively avoid operational risks and greatly reduce market risks.


Flexible statement design and contract management

It supports all customers to customize statement design according to their needs, which provides convenience for report query. Besides, the addition of automatic document generation function allows custom design of contract printing template in the format of Word, reduces repetitive work and improves content quality.