Imagine Software delivers cloud-based solution for structured products

Imagine Software, a leader in cloud-based portfolio, risk and margin solutions for capital markets, has expanded its native asset-class coverage to meet the needs of firms issuing and trading structured products. 

In addition, Imagine now offers the ability to build over-the-counter (OTC) packaged products and provides a user-friendly development platform for firms to plug in their own models using Imagine’s APIs.

Imagine’s solution covers the full front-to-back trade lifecycle and process flow for structured products (p&L, cash management, value-at-risk, stress testing, operational reporting), as well as data support for end-of-day and start-of-day processes. Delivering all the benefits of a cloud-based platform, Imagine combines native support for firms to issue and manage structured products with fast implementation, reduced maintenance costs, operational efficiencies and a drastically lower total cost of ownership when compared with other solutions on the market.  

The platform now offers a wide range of structured products including equity linked notes (ELNs), reverse ELNs, autocallables, accumulators, decumulators, bull/bear notes, fixed coupon periodic callable notes, range accrual notes, rainbows and cliquet options. The platform also includes a fully customisable security type for the creation of OTC trades with complex payoffs. Imagine’s Financial Platform offers further flexibility by providing a secure, web-based development framework for clients to plug their own models into the analytics engine using a JavaScript-based API.

This launch follows the deployment of an enhanced local volatility Monte Carlo model, combined with increasing demand for cloud-based solutions and continued growth in structured products, particularly across Asia. 

Scott Sherman, Co-Founder of Imagine Software, says: “Imagine was created to bring institutional-grade capabilities within reach of all financial firms, and with the addition of structured products to the platform we continue in our core mission. We have already signed several new clients using this solution because it appeals to firms looking to issue structured products as well as large investment banks looking to take advantage of the cost benefits and operational efficiencies of our cloud-based solutions.”