PriceEngine is a tool designed for foreign exchange (FX) trading, specifically for creating and managing customized streaming FX quotes for a bank's customers. PriceEngine has several key components:
Data processing: The tool loads data from various sources, cleans it, and reformats it to be used in the subsequent steps.
Dealer customization: Dealers can create their price rungs for different transaction sizes they want to quote, allowing for flexibility and personalized pricing.
Rate customization: The PriceEngine further customizes the bank's rates into different price groups, taking into account customer limits and other factors.
Quote distribution: Finally, the customized quotes are sent to third-party portals as well as the bank's own web-based electronic FX trading front-end. The PriceEngine is a comprehensive tool that streamlines the process of offering customized FX quotes to customers, ensuring a more efficient and tailored approach to foreign exchange trading for financial institutions.
