Yieldbroker

Yieldbroker DEBTS

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

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 client certificate that is specific to each user. Digital certificates are an important security device used by Secure Sockets Layer (SSL) technology to ensure that data is made unreadable to third parties by:

• Authenticating the identity of our server
• Authenticating the user to the Yieldbroker server by presenting the client 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 'SSL' (TCP port 443 outbound only) traffic through the necessary firewalls and routers. A direct connection is required however a proxy server can be used temporarily in a disaster recovery scenario.

The service can also be accessed via the private BT Radianz network, the Yieldbroker Direct network or the open public Internet. 

System requirements

The minimum desktop requirements for clients installing DEBTS are:

• Windows XP, Vista, or 7 
• Microsoft .NET Framework version 3.5 (SP1) (available from Windows Update)
• Microsoft Excel XP (2002) or above
• A 'Digital Client 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.