Pyxis Launches "Ionpot"

Pyxis Systems, a provider of technology solutions and services to the global financial derivatives industry, has announced the launch of Ionpot ( www.ionpot.com ), a web based solution for financial derivatives. Ionpot allows the user to price, save and mark-to-market various interest rates and forex derivative instruments.

The solution is accessed via the internet using industry standard security protocols and frees the user from installing and maintaining expensive risk management infrastructure. Ionpot is powered by RisKompass, a derivatives risk management system developed by Pyxis Systems.

This product may help the derivatives markets meet the recent RBI guidelines which states that all banks and primary dealers of derivatives should come out transparent on the pricing and expected impact of derivative transaction on the users.

“Ionpot is a far superior solution than just providing a valuation calculator. The valuation of the derivatives instruments not only requires model but also needs credible market data. Ionpot provides both the components. Ionpot has tied up with large international brokers like Tullet Prebone, besides local brokers and banks, to get these data. Besides this, Ionpot also allows the trades to be stored in a portfolio and gives mark-to-market value of individual trades with a click of a mouse 24X7”, said Nandlal Bhatkar, founder and CEO of Pyxis Systems.