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Derivatives.com has been selected by WestLB AG, has been selected to optimize the equities and convertible arbitrage trading operations of its proprietary trading desk.
After piloting Derivatives.com in a live trading environment, WestLB decided to deploy the system to support the growth of its Proprietary Trading operation while reducing time and resource intensive costs to maintain multiple vendor systems and data management initiatives.
system advances WestLB's ability to assess and execute strategies by providing their traders with access to independently maintained data such as Volatility Surfaces, Term Volatility Curves and Dividend tables.
We selected Imagine because it is an industry leader with market-proven web-based software that can support our current and future growth, said Markus Bolder, Executive Director for WestLB. "With Derivatives.com, I now have 100% of my group's positions housed in one comprehensive application that fully integrates my front and middle office. I am now able to make more informed trading decisions, including which strategies to allocate additional capital risk to, because Derivatives.com calculates Value at Risk across all strategies and traders in real-time."
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