Technology

Yieldbroker DEBTS

Yieldbroker DEBTS (Direct Electronic Bond Trading System) is a comprehensive dealing solution that is deployed on dealer's desktops across a broad range of Australian financial institutions with a proven track record for security and reliability.

The .NET based dealing application is designed to occupy minimal screen real estate and has been developed by Yieldbroker with an emphasis on two key operational objectives:

1. Adaptability

DEBTS underlying flexibility enables continual innovation and improvement to allow the platform to be customised to meet the evolving requirements of market participants. Yieldbroker's continuous interaction with clients coupled with the ability to regularly upgrade the DEBTS application allows:

• ongoing adjustments to dealing procedures
• the refinement of existing features and the regular addition of new services
• the modification of the platform to permit trading in a broader range of debt securities and debt derivatives

2. Inter-operability

The systems enhanced inter-operability gives DEBTS the ability to seamlessly connect with the existing systems of both banks and institutional investors. This connectivity provides the potential for:

• integration with front office trading/risk management and OMS systems (eg. Charles River, Bond Edge, Aladdin)
• interaction with back office and settlement systems and the ability to pursue straight-through-processing solutions
• linkages to international trading platforms allowing overseas based clients to access Yieldbroker's existing domestic marketplaces

Security

DEBTS is a .NET based application that utilises Web Service messages to send and receive pricing and trading information. These messages are customised to contain the minimum necessary data and the resulting XML/HTTP payload is dynamically compressed with GZIP and then encrypted. This connection method is purpose-built to provide a robust, secure communication channel to our remote hosts while ensuring that high priority and availability can be achieved.

Security is maintained through and combination of dealer passwords and authentication via a digital certificate that is specific to the dealer's PC. The digital certificate is an important security device that utilises Secure Sockets Layer (SSL) technology to ensure that data is made unreadable to third parties by:

• Authenticating the identity of your server
• Authenticating your computer to the Yieldbroker server by presenting the digital certificate
• Encrypting information sent between your computer and the Yieldbroker server to prevent other internet users intercepting the information

Connection

To allow secured traffic to flow between the users' PC and Yieldbroker's central servers, network support staff will need to allow 'IPSec' traffic through the necessary firewalls and routers. Allowing a direct connection is recommended however proxy server detection is automatic and DEBTS will attempt to use Internet Explorer's existing configuration by default.

The service can also be accessed via the private Radianz network (for more information on this option please contact Radianz directly).

System requirements

The minimum desktop requirements for clients installing DEBTS are:

• Windows NT4, 2000 or XP
• Microsoft .NET Framework version 1.1 (available from Windows Update)
• Microsoft Excel 97 or above
• A 'Client Digital Certificate' issued by Yieldbroker.

Installation

DEBTS is launched from a file saved from the Yieldbroker web site to the user's local PC – usually the desktop – or from a CD-ROM provided by Yieldbroker.

To download the DEBTS application or more information click on download.

Troubleshooting

Troubleshooting information will be added here soon.