RMJ's Securities Trading Systems Will Offer Sun-Based Tips
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Securities Trading Systems, the in-house systems development arm of RMJ Securities, Inc. plans to introduce its Sun workstation-based Trading Information Processing System (TIPS) at this month's Fincom conference.
TIPS is a real-time decision support and portfolio management system designed to serve brokers and traders of U.S. treasury securities, mortgage-backed securities, and CMOs. It offers decision support software for mortgage pools and CMOs. The software, developed in the C language, is currently being ported from DOS to the Sun operating system.
Among the applications offered by TIPS are calculation of WAM and WAC, prepayment analyses, real time treasury spreads for active vs. off-the-run issues, real-time active treasury-to-MBS spreads by yield or price, customized thresholds and portfolio management. TIPS will be offered in both networked and single node configurations.
The version seen at Fincom will use a Sun workstation driven by a 16 MHz 68020 processor. RMJ's real-time treasury ticker will be delivered to TIPS via a 9600 bits/second digital feed. On-board memory of 80 Mbytes will store databases of historical and off-the-run Treasury prices, mortgage-backed securities pools, and CMO information.
TIPS's analytical functions and display options were designed in cooperation with RMJ's fixed income trading floor. Six TIPS stations are in use on RMJ's floor and are claimed to be responsible for $8,000 in additional commissions in their first day of use.
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