back Back

Etrading Software and Artis Holdings Loans Electronic Platform are open for business

By Joy Dumasia

October 14, 2021

  • Artis Holdings Limited
  • BWIC
  • eTrading Software
Share

Etrading Software, the independent, global provider of technology-led solutions designed for financial institutions and industry initiatives, in partnership with Artis Holdings Limited, a technology provider of electronic platforms and tools for the Loan market, announces it has completed its opening BWIC (Bids Wanted in Competition) process via the live WIC trading platform for the first onboarded clients.

The WIC Platform semi-automates BWIC/OWIC administration by removing the clunky and often risky email/spreadsheet sharing process across multiple Sell-side and Buy-side, whilst respecting and enhancing the current Dealer/Client information and value chain. It enables all parties to experience a streamlined version of the existing process. It significantly shortens the WIC process by hours if not days, avoiding long periods of no trading in the names in a WIC and a longer timeframe in which bids/offers are valid.

The new system also creates a robust infrastructure for participating in WICs, whilst preserving the market accepted DNA of the WIC process. This significantly reduces the historic operational risks for all parties involved by removing the bulk of the manual data sharing and data keying from multiple spreadsheets and provides instantaneous calculation of best execution options, greater accuracy of cover prices and timing of the release of cover prices as well as internal and external compliance reporting.

Grant Wilson, the Managing Partner of Etrading Software, said: “The WIC trading platform is the latest step toward electronification of workflows for the loan market, providing market participants with an automated, reliable and user-friendly choice when trading loans. Together with market participants, our goal is to better meet the demand for efficient, streamlined loan trading while continuing to preserve the existing Dealer/Client relationship. With the completion of the opening WIC on the platform, we have had the invaluable opportunity for live feedback from trading desks and will continue to focus on further enhancing the platform by deploying new innovative trading functionality that will enhance the trading experience and ease the manual workflows and risks in the current, spreadsheet-based model.”

Previous Article

October 14, 2021

Finastra and Bakkt announce plans to enable crypto trading

Read More
Next Article

October 14, 2021

Cloud Native Computing Foundation welcomes American Express as Gold Member

Read More






IBSi Daily News Analysis

May 28, 2024

Artis Holdings Limited

Latin America becomes a hotbed for FinTech unicorns and tech innovation

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 13, 2024

SBI selects ‘iCashpro+’ Aurionpro’s Cash Management & Transaction Banking Platform

Read More

February 28, 2024

iGTB Intellect deploys its CTX platform for Societe Generale

Read More

January 23, 2024

Crédit Agricole CIB selects iGTB’s CTX cash management solution

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023