The Derivative Path Story
After years in the derivatives field, we envisioned a solution to a problem our industry faced. Then we assembled the brightest minds to make a change.
We provide a technology-led solution to assist financial institutions, commercial end users, and buy-side clients in executing and managing their over-the-counter interest rate and FX derivative transactions.
The team is comprised of derivative industry veterans who have worked for some of the world’s largest capital market firms such as Wells Fargo (and predecessors Wachovia and First Union), ABN AMRO, Societe Generale, Bank of Montreal, Bank of America, JPMorgan Chase, Barclays, AIG, CIBC, and U.S. Bank.
On the sales, legal, and hedge accounting front, throughout their careers, the team have been strong contributors to and led derivative sales efforts for major financial institutions. They have also helped establish new derivatives back-to-back hedging programs for numerous small and medium-sized financial institution clients.
On the technology front, our team possesses industry leading expertise. Our technology team is headed by a former Head of Technology at Wells Fargo Securities. In addition, the team comprises senior leaders with backgrounds in rates and commodities trading and risk, as well as application development.
Our state-of-the-art DerivativeEDGE platform has been designed to be a complete end-to-end solution for interest rate and FX derivative trading, servicing, and hedge accounting. With DerivativeEDGE, users have front-, mid-, and back-office functionality in one platform, eliminating the inefficiencies of working with disparate systems to manage various aspects of the business. The system also includes a fully automated hedge accounting platform which is fully compliant with the new hedge accounting rules of ASU 2017-12. The platform comes complete with real-time market data and automated swap data reporting, and cleared trade affirmation. The system is designed within a framework that also aids users in meeting their Dodd-Frank requirements related to the execution of transactions with commercial clients and dealer counterparties, as well as ongoing data and document retention requirements.