TRADERTALK
How important do you think e-trading tools and technologies will become for leading FX investment management firms, in helping them to better manage risk, more successfully meet their investment objectives and achieve competitive advantages?
Good solutions on the pricing, risk management and risk control area are a must if you want to attract institutional investors. On the execution/pricing area we use external tools such as banks trading platforms and multi-bank trading platforms. Of course, there will be further improvements taking place in that area, but overall I think we are already at quite good levels of efficiency.
However, in other fields we have seen the need to develop in-house tools. On the risk management / risk control area we have put in a great level of efforts to develop in-house application tools which help us there. Tis is crucial in order to fulfil all the needs our institutional investors request from us. Currently we’ve got two internal applications we use. COPS (Currency Overlay portfolio suite) helps us on the FX risk management activity to execute pretty much all the processes with the assistance of this application. FX execution via this application and an immediate adjustment of the client’s hedge ratio after trade execution allows us to have real-time positioning/risk management in this area.
Te second internal application we use is MTS (Management Tool Suite), which allows us an automatic reconciliation, positioning, risk
management & risk control for our FX single strategies. Managing several programs (funds, managed accounts) with the same strategies for our clients requires the use of sophisticated IT-applications.
“Our FX single strategy v-Pro offers investors an additional dimension of
diversification which they cannot achieve when allocating into different directional FX strategies. We view this as a main
reason for the significant demand from institutional investors which we have experienced throughout the last two years.”
184 | april 2011 e-FOREX
Tis way trades are automatically split to the various programs, an automatic reconciliation between execution bank / prime broker and us guarantees that every trade gets settled correctly and is immediately inserted for risk management/control purposes.
What new products and services will Quaesta be exploring as part of your continuing efforts to widen the range of FX advisory and investment solutions you make available to clients?
Currently we see a great appetite by banks to widen their offering with liquid investment products. As such the use of FX related products has become quite fashionable. In our capacity as a fund-of-fund manager who knows the world of FX managers very well we are working together with them to build/develop such indices.
On the pure FX services area we have begun offering specific FX risk management services to industrial companies. Overall the need for a sophisticated approach on the FX exposures has increased substantially, or looking at it another way, the awareness of this risk has dramatically risen due to the substantial turmoil in the FX markets we have experienced over the course of the last few years.
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