The company developed its first software systems for the requirements of the convertible bonds and equity derivatives business, by providing market data, analytics, as well as portfolio and risk management.
It made the investment through a series of equity derivatives instead of straightforward share purchases, which prevented it from having to declaring them.
In modern (financial) markets, producers of interest rate swaps or equity derivative products will use financial futures or equity index futures to reduce or remove the risk on the swap.
