CDX Swaption ICE integration – SANTOSH SHARMA

For a leading Asset Management Service Provider, Hexaware’s trade automation solution helped in saving about 200-man minutes per day. Our customer’s existing trade affirmation process was carried out manually by the operations team, through emails, which were then compared to the trade ticket filled out by the tracker, resulting in longer processing time. Hexaware’s team automated the trade affirmation process by integrating it with ICE (a vendor that matches trade between counter-parties). The users are now able to send trades to ICE and maintain affirmation audit on the ICE system, efficiently streamlining the trade look ups/audit process.
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