Complex trades/orders

Business problem
Traders and operations personnel can more effectively manage structured trades where the structured trade requires a combination of purchases and sales of simpler underlying financial instruments such as equities, bonds and options. The underlying financial instrument trades must be executed and then processed in a linked manner throughout their lifecycle. This is additionally complicated when intercompany or interdesk trades are required to support the transaction.

Technical issues
Complex transactions often are disaggregated requiring processing by a range of subsystems. It is important that there is coordinated treatment of the disaggregated elements of the transaction which requires coordination of heterogeneous applications.

Cohesions solution
Cohesions facilitates the interaction and state alignment of application systems by coordinating insertions, amendments and deletions of complex trades across a range of processing applications. For example, a counterparty change would need to be uniformly applied to all parts of a complex trade that may now be disaggregated across multiple settlement systems.