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Automatically hedging foreign currency transactions

Project duration: 7 months

Brief description

Planning, conceptual design and implementation of automated posting of hedge deals to compensate for exchange risks in foreign currency transactions in the Endur energy trading software for an energy trading company.

Supplement

Price curves already contained in Endur and having an already technically implemented connection to Live Ticker from Reuters are updated and queried using a trigger. The obtained price is used in the posting process for a transaction. Because the price is overwritten with the last published price in a downstream step, a warning must be given if the last published price could not be queried for technical reasons.

Subject description

Within the framework of the FX hedging concept, the rates published in realtime should always be used when currency transactions (FX deals) are posted. For this reason, the price must be updated both for automatic posting of currency transactions and for manual posting. However, it must also be possible to change a currency transaction without changing the price. For example, it must be possible to change the amount to be exchanged while the rate remains the same.

Overview

Project period01.10.2011 - 17.04.2012

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Dr. Andreas Schneider, grauhaariger Mann mit Brille

Dr. Andreas Schneider

Sector Manager Energy

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