Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced the rollout of its award-winning Derivatives.com product with Taipei-based China Development Industrial Bank (CDIB), one of Taiwan’s largest and most respected venture capital and investment banking institutions. Imagine will power the bank’s new multi-strategy, global macro trading desk.
Bertrand Hongre, head of Macro Trading at CDIB, remarked on the bank’s search for a solution to its diverse needs. "The first and most immediate necessity for our new desk was an integrated multi-asset solution that could provide real-time front-office, middle-office, and risk management functions."
Further guiding the bank’s vendor selection process, according to Hongre, were prerequisites like industry-leading functionality, fast deployment and implementation capabilities, scalability, and affordability. "Admittedly, it’s very challenging to achieve those disparate objectives, but Imagine’s ASP-based Derivatives.com service emerged as the perfect solution for our needs."
The proven cost efficiencies and economies of scale Derivatives.com delivers to users worldwide weighed heavily in CDIB’s selection, Hongre noted. "We think an ASP-based solution is infinitely preferable to a traditional software implementation. Not only is Imagine’s Derivatives.com inherently easy to deploy, but because it’s a completely outsourced solution, the bank avoids incurring the customary internal IT and data management support requirements."
Hongre further explained CDIB’s choice. "Because we intend to spin the desk off into a standalone fund in years to come, a portable ASP-based solution-outsourced from CDIB’s internal infrastructure-is ideally suited for that purpose. Imagine could even become a future alternative to CDIB’s existing systems for its fixed-income, credit, and commodities businesses, and we look forward to expanding our usage."
"The selection of Imagine to help power CDIB’s trading desk operations is a great honor for us, and we look forward to supporting the bank as their business needs grow over time," says Yvonne Dahl, director of Sales and Marketing at Imagine.