A privately owned global trading firm needed a sophisticated platform for tracking their gold and silver warrants trade in their current CTRM system. Before engaging Value Creed, the company tracked those trades on a spreadsheet that was very sophisticated but still lacked the visibility into real-time trade exposure and opportunities the company required. Under the old system the company was required to enter trades manually into the XLS sheet and re-enter the data into its CTRM platform. This redundancy cost the firm valuable analytic, decision-making, and response time.
Value Creed came to the rescue by building a custom extension to their CTRM platform that allowed them to track each warrant’s individual characteristics in the platform as well as track all of the back office items and regulatory compliance items.
Trading gold warrants requires significantly greater recordkeeping than buying and selling the underlying commodity. Similar to futures contracts, these option-based derivatives carry their own specific certification identifications that outline terms, quantities, expiration dates, and more. Each warrant gives the owner the right to purchase a specific quantity of gold (around 100 troy ounces)
It is not uncommon for contracts to be written for 1,000 warrants or more.The trading firm needed functionality within its commodity trading and risk management software for managing and keeping track of each warrant’s status and for quickly entering the details of each warrant.
Automatic Importing of warrant contract transactions
Real-time position and P/L visibility
Tighter data security
Value Creed mobilizes a team of CTRM experts whenever you need us. Our on-demand managed services structure you with 24/7/365 on-call professionals who have built and repaired a range of CTRM systems and solved virtually every problem associated with the data collection, reporting, scaling, and activation process. With Value Creed’s managed services, your in-house IT crew can focus on strategic projects while our team handles day-to-day maintenance and remediation tasks.
This trading firm’s expansion into a new commodity was bogging down the back office and IT teams with workarounds to address daily warrant trade data and compliance reporting requirements. With Value Creed’s CTRM experts, the former backlog of trade data was resolved and a long-term solution was put in place with a custom extension to the existing CTRM platform enabling trade data for this new trade type to flow directly into the platform.
This alleviated rework and also improved the risk position for the firm by ensuring all data is present and accurate at all times.