Experience the non-disruptive, technological enhancements to the BWIC/OWIC process.
The WIC Platform semi-automates BWIC/OWIC administration, whilst respecting the current Dealer/Client information and value chain. It enables all parties to experience a streamlined version of various aspects of the existing process. Additionally, it is designed for multi-asset class adaptation.
Relationship-based Transaction
Access to a BWIC page will be derived from your relationship with either the Originator or an Invited Dealer.
Relationships are established by a one off, “Facebook/Insta” type invitation once established, parties will be able to see all future BWICs distributed by that party.
WIC replicates the current information & value chain
- Look, Smell and Taste like Excel Process
- Originators retain choice of which Dealers to distribute through
- Bidders will now directly input their own bids and route it through Dealers invited into the process.
- Though Originator and Bidder are brought closer by The Platform Dealers remain the conduit and assimilate information as they do now
- Client confidentiality is maintained at all stages
What you get
Dealers
- Valuable enhanced data on all WIC assets that are traded through their desk.
- Remarkable reduction in Sales/Traders’ administrative involvement in WIC process freeing capacity to focus on more profitable aspects.
- Significantly decreases desk operational risk in WICs.
- Reduced execution time.
- Compliance.
- Process enhancements.
Originators
- Complete landscape of all liquidity provided by the market for your WIC.
- Considerable reduction in the administrative burden of the WIC.
- Increased speed of execution which implies better execution.
- Reduced operational risk.
- Process enhancements.
End Bidders
- Shortens WIC process and timescale that bids/offers are valid for.
- Full visibility of bid/offer level that has been submitted and economics paid out
- On assets won winning bidders will receive full liquidity picture and not just the cover.
- Instantaneous access to Covers.
- Robust independent infrastructure for managing BWIC process and how bids/offer are handled.
Technology powered by
Artis developed the technology and workflow solutions in partnership with Etrading Software, a London based technology and managed services firm that specialises in building and managing multiparty financial workflows and technology, across the Fixed Income Market which solve for the challenges of the existing and future state of the market.
Artis leverages Etrading Software’s technology development, platform business management, deep knowledge and expertise of the financial markets to deliver intuitive front office solutions, that can be seamlessly tailored and scaled across asset-classes and regions, to deliver for our clients.
Key features
Originators will gain access to ALL BIDS submitted during the BWIC
Greater transparency on BWIC economics
Originators will have option to share information with winning Dealers and even winning end Bidders
Greater accuracy of Cover prices and timing of release of cover prices
Instantaneous calculation of Best Execution options
Data Analysis at back end
