TBA Mortgage Master, our lead product, is a buy-side or sell-side fixed income trading and processing platform that provides full life cycle processing for TBA mortgages and specified pool trades (SPT), including real-time Electronic Pool Notification (EPN) connectivity with the Fixed Income Clearing Corporation (FICC). AFS has been an approved vendor with the FICC since 2006.
In addition, and primarily used by sell-side firms is our comprehensive Repo Processing platform that allows for seemless trading and inventory management whether it be manual or with the leading e-trading fixed income venues. Our Tri-Party Repo processing integrates with all collateral agent banks to properly account for inventory committments.
With regards to the FICC pool netting initiative, TBA Mortgage Master also provides connectivity to the Real-time Trade Matching (RTTM) engine for final settlement communications and can perform all pool netting.
At a more granular level, our scalable, high performance application provides the following:
- Trade Capture - TBA, SPT, Tri-Party Repo / Reverse Repo, Bilateral Repo, Sell-Buybacks and Securities Lending
- Pool Allocations - Pair-Offs, Auto-Match-turns/TradeLinks, Auto-Pool-Subs, Sell Optimization, Trade Assignments, Rolls, Auto-Faxing
- Data Storage - 24 months of trade history in active tables, ease of access to universe of factors and security masters.
- Real-time Integration Software Development Kit (SDK) - Financial Information Exchange (FIX), MSMQ, or file-based integration. Our key is flexibility on real-time integration, which speeds up our clients' 'time to market.'