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
- 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
Questions