DSTi looks to improve derivatives support
Financial services management systems provider DST International (DSTi) has launched a new software support tool for the growing derivatives market.
DSTi chief executive Mike Winn said: “It’s a significant development for us because it also involves the ability of our users to create their own instruments.”
“The point of this new system is to allow people to create their own instruments in a controlled fashion rather than just on the fly,” he added.
The company has just entered an agreement with their launch partner for the project and is in the process of bedding the relationship down along with the final product before offering the new system to the worldwide market.
DSTi is looking at making the system available to its UK clients first with a view to rolling it out globally at the end of the year.
Winn cited client feedback and undeniable demand as the drivers behind the development of the new system. He said his company sees the growing interest in hedge fund products as the area DSTi will increasingly have to service and, to that end, this was definitely a first step.
Winn pointed out the new product would not require hours of training before clients were able to use it.
“It’s been done in a specific way for people who think of these instruments in the first place. You pick a number of attributes and you line them up in a certain sequence and you can create some of your own attributes as well,” he explained.
“It’s all auditable and our system just takes care of it based on what those attributes are,” Winn said.
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