Pyxis Systems launches Ionpot

Mumbai, Aug 22 (UNI) Pyxis Systems, a provider of technology solutions and services to the global financial derivatives industry, today announced the launch of a web-based solution for financial derivatives named 'Ionpot'.

The company claimed that the product may help the derivatives' markets to meet the recent RBI guidelines, which states that all Banks and primary dealers of derivatives should be transparent on the pricing and the expected impact of derivative transactions on the users.

'Ionpot', which will be accessible at the cost of Rs 4 lakh per customer per annum, allows the user to price, save and mark-to-market various interest rates and forex derivative instruments and will also provide the market with the required analytics models to price several derivatives trade, the company added.

UNI