Mitsubishi Preps Tick Data for Auto Hedging

Officials say the rates trading group, which covers the firm's swaps and bonds business, started looking for a real-time tick database last June to support the development of a new relative value pricing application.

The driver for the application is to be able to quickly react to discrepancies between fixed-income and swap instruments, and to spot relationships between different asset classes and interest rates, to give the firm an edge over its competitors, says Mathias Caquet, a quant in t