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FORMa is a business solution for
Institutional banks, it is designed
to provide access for front office
personnel to all the required data
that enables them to make accurate
decisions regarding the profit, cash
flow, exposure and risk of an order
prior to execution. FORMa is a
composite technology solution and
therefore some of FORMa's key
elements will probably already exist
within your bank. FORMa is ideally
suited to a bank that wishes to
enjoy aggregated real time trade
data made available to both traders
and management even when they have
more than 3 or more key independent
front office trade entry
applications.
FORMa requires trades to be
entered into each front office
application as the order is received
to be able to provide accurate and
relevant real time positions for
limits and volatility. FORMa removes
the need for additional data entry
of the trade at the mid or back
office facility.
FORMa supports a number of
banking data model standards within
the core design of the application,
such as MDDL, FpML, ISO 20022, etc.
Additional emerging data models can
be added as they mature and are
accepted by the broad banking
community (i.e. ISO TC68/SC4 WG11).
FORMa holds a super set of the front
office schemas and transposes these
into its banking model, additional
modeling of the market data feeds
are also held in the banking model
to form the completed banking model.
The banking model repository is
composed of business patterns that
orchestrate events as well as
maintaining the unique ID's
including reference data details.
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