Patsystems up to speed on spreading

14 Nov 2005

ISV Patsystems has announced further enhancements to its ProMark trading front end. The new functionality, known as Prism, is a multi-leg spreading tool which CEO Kevin Ashby told FO Week would bring the software in line with...

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“A lot of banks have spent a lot of money calculating the cheapest way to collateralise their positions, and they’ve hired some very bright mathematicians to do it. Why would they gamble all of that by using the cheapest clearing house?”

Senior rates players believe fears of a race to the bottom among clearing houses has been overstated.