Deployment of a RFQ Platform / Structure Customization Tool enabling customers to generate online quotes for derivative products as well as place orders

 

Objective

 

  • To develop a strategic platform for clients, enabling them to generate quotes online for derivative products as well as place an order so that RFQ and trade processes are automated with a web interface

 

CRISIL's solution

 

  • Develop a structured products portal where the end-customer could:
    • Login and select a product from the list
    • Customize the structure and request a quote
    • Receive a tradable quote within a few seconds
    • Place an order at the price quoted and get all documents online instantaneously
  • Client Interaction Module
    • To help customers with product simulation, performance simulation and make secondary market requests
  • IB Portal
    • To help the IB Sales/Structuring/Legal to interact with this platform and receive client RFQs
    • To enable them to upload new products, setup pricing rules and so on
  • Downstream Integration
    • Integrated with other IB downstream systems in the Service Oriented Architecture

 

Client impact

 

  • Extended reach to its clientele
  • Reduction in product sales - time and effort
  • Increased revenues and profitability
  • Overall, a single multipronged solution to address all client requirements

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