Pivot Connect™ supports seamless connections of consolidated data feeds of instant message data into pricing and risk management systems, enabling instant, robust market making and trade communication with market counterparties and clients.
In addition, Pivot Connect™ supports end-to-end connectivity with new market structures created in Dodd-Frank legislation, including Swaps Execution Facilities (SEF) and Swaps Data Repositories (SDR) as well as centralized clearinghouses, through which many types of swaps transactions will be required to be cleared.
Pivot Connect™ is offered as a system module or bundled into the company’s Instant Markets™ product. Instant Markets™ includes proprietary text parsers that convert text-based chat into machine-readable product and price data. This data is fed into a firm’s price and risk engines via the API in real-time as well as displayed on a blotter enabling traders to see all relevant deal, pricing and risk information in a one centralized location. Traders can respond to incoming trade queries directly from the blotter with a single mouse click.