MBRM offers options on convertible bonds
Derivatives software firm MB Risk Management (MBRM) is to offer an online capability to price and risk-manage options on convertible bonds as a new feature to its Universal Convertibles Add-ins.
Barakat believes the ability to buy and sell options on convertibles where the price is quoted as a fixed credit spread will enhance activity, and is analagous with the use of options in hedge fund portfolios, which have seen strong growth this year.
The firm will not charge Universal Convertible Add-in users for the extra functionality. New purchasers of Universal Convertible Add-ins are charged $4,799.
MBRM claims to have more than 30,000 users wordwide.
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