HelixREPO
HelixREPO is an integrated trading, sales and administrative application for the Fixed Income Repo Finance market. With HelixREPO’s unique hierarchical structure – made up of “holding companies,” “legal entities” and “trading ledgers” – you can filter exactly the information you need onto your desktop.
Traders can:
- Execute, pend, and modify trades
- Review/monitor positions real-time
- Manage their risk
Salespeople can:
- Enter pending trades
- Perform bulk rate changes, re-prices and closeouts by counterparty
- Monitor counterparty exposure and credit limits
Support personnel can:
- Cancel and correct trades
- Substitute collateral
- Build customized accounting and position reports
No other system combines this level of functionality and flexibility in meeting the Repo desk’s front and middle office needs.
- Supported Product Types
- U.S. Treasuries
- U.S. Government Agencies
- Mortgage-Backed Securities
- Corporates and other credit products
- U.S. Municipal Bonds
- Asset Backed Securities
- CMO's
- G-10 Sovereigns
- Emerging Market Bonds
- Supported Trade Types
- Repurchase agreements and reverse repurchase agreements
- Buy/sell-backs and sell/buy-backs
- Outright buys and sells
- Collateral pledges and receives (free delivery)
- Securities lending and borrowing vs. cash and vs. bonds
- Unsecured borrow and loan
- Cash contributions and withdrawals
- FX Repo and reverse repo (links a repo with an FX swap)
- FX Buy and Sell (buying and selling currencies)
- Supported Shell Types
- Money fill repos and reverses
- Par fill repos and reverses
- Tri-party repos and reverses
- GCF repos and reverses
- Secured bank loans
- Internal account swings
- Supported Trade Start-Date Types
- Cash (same day settlement)
- Regular start (next day)
- Forward start
- "As of" start (before today
- Supported Trade End-Date Types
- Overnight
- Open
- Term
Functional Areas
- Inventory
Displays all positions not marked as "Special" in a ledger or group of ledgers. The position entries include all industry-standard fields – such as CUSIP, description, coupon and maturity – as well as the market value of each security.
(click for Inventory screenshot) - Specials
Displays all of the current positions for securities marked as "Special" issues. It has an identical layout to the Inventory tab, but the ability to segregate "Specials" allows for easy maintenance of "GC" and "Specials" books.
(click for Specials screenshot) - Contras
Lists the firm's counterparties and the level of activity being transacted with each.
(click for screenshot of Contra tab) (click for screenshot of Counterparty profile screen) (click for screenshot of Legal Entity Structure screen) - Product Totals
Provides net positions by category type. Users have extensive options for filtering, sorting and searching for trades within this tab.
(click for Product Totals screenshot) - Trades
Displays the daily trade blotter. Trades can be edited, deleted, or reopened in this tab.
(click for screenshot of Trade tab) (click for screenshot of Trade Ticket) - Shells
Displays all trades that can have multiple pieces of collateral allocated to them before being completed, including deliverable money-fill repos and reverses, par-fill repos and reverses, tri-party, GCF, and internal swing trades.
(click for Shells screenshot) - Interest Rate Risk
Provides a variety of risk measurement tools, including weighted average asset and liability rates, weighted average term for assets and liabilities, 30/90 day equivalents, DV01 risk and the effect on P&L of a 25 basis point move. Risk can be calculated in cumulative time buckets and on a day-by-day basis.
(click for screenshot of Interest Rate Risk tab) (click for screenshot of Balance Usage screen) - Data Feeds
Captures and displays errors in the start of day file load. Allows users to correct errors and retransmit messages.
(click for Batch Data Feed screenshot)
