Real-time Risk, Pricing and PnL

Unify your workflow with the Ediphy Graph.

The fixed-income landscape is evolving at an unprecedented pace. Regulation and the rise of electronic trading have set off a flywheel: more data, venues, protocols, trading volumes, complexity and operational cost, set against less headcount, fewer manual decisions, less data opacity and less room for error. As firms adopt best-of-breed systems to cope, they face a new dominant challenge, integration. Even individually consistent systems produce inconsistent results when integrated asynchronously, leading to fragile workflows, costly manual reconciliations, and a lack of consistency in pricing and risk management.

To truly win, you need to move beyond simple integration to genuine unification. Ediphy is built on the Ediphy Graph, a purpose-built directed acyclic graph (DAG) that acts as a complete full-spectrum compute fabric. It delivers a single source of truth that eliminates inconsistencies and manual reconciliations between pricing, risk and management reporting; total auditability with full time-travel through data, configuration and code for complete explainability and lineage on every calculation; and a modern, cloud-deployed, fully managed and API-accessible stack without the IT footprint.

The Enterprise Analytics Suite supplements your best-of-breed systems with guaranteed consistency:

• →Ediphy Pricing. Real-time fair pricing with dynamic spread, skew and size calibration across all data sources, risk-driven cross-instrument calibration with comprehensive look-through, and full data playback for continuous improvement.
• →Ediphy Risk and P&L. An interrogatable, consistent risk view across all users and business lines, with fully managed analytics, complete time-travel audit across data and code, real-time and historical views, and full P&L explain across DV01 and CS01, unifying front-office trading PnL with the firm's official PnL in one system.
• →Ediphy Context. A unified workspace that brings axes, price feeds and transaction data into one place to break price opacity. A single click on any instrument or order in your EMS populates the panel with trade histories, live market data and a full client-activity breakdown.
• →Ediphy MIS. Guaranteed consistency enables unbreakable management reporting: fully consistent KPI management with lineage to raw data, customisable dashboards, and effortless hit-ratio, win-rate and mark-out analysis across teams.

Proven in transformation. A top-tier European market maker was struggling with a legacy platform that required fragile integrations and manual workflows for pricing and order management. By deploying a new best-of-breed solution with Ediphy, the bank de-risked the project and accelerated time-to-market: all integrations were guaranteed consistent and auditable, while data-intensive functions like pricing, risk and reporting were delivered with native Ediphy components, producing a next-generation, cohesive workflow and data environment for front-office users.