Icap, CME Group and The Beast Apps Partner on Market Data and Analytics Tool
Solution allows firms to compare value opportunities between OTC and exchange-based futures markets.
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Built on The Beast Apps platform, RapidRV allows its users to analyze the behaviorial trading and relative-value opportunities between the OTC and futures markets.
RapidRV calculates opportunities between futures, including CBOT deliverable swap futures, CME Eurordollar futures and CBOT US Treasury futures contracts, and OTC products including interest rate swaps and US Treasuries. Hedge ratios for multiple hedging strategies and real-time calculation of the "cheapest to deliver" treasury security for CBOT treasury futures are also displayed.
"All the analytics are fast, but the ability to deliver the complex Swaption Vol/Premium matrix in real time showcases that speed across all devices," says Vinayek Singh, CEO of The Beast Apps. "For the first time, we offer collaboration between RapidRV users of applications in real time, which takes peer-to-peer communication to a new level."
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