DrKW offers real-time capability on ops/tracker service

Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has made new real-time functionality available on ops/tracker, its online settlements enquiry tool.

The latest release, V5.0, provides clients with real-time access to post-trade execution exchange-traded derivative information, supplementing overnight statement information already made available as part of the earlier, V4.0, release. Ops/tracker also provides a portalised real-time view on cash equities, fixed-income and exchange-traded derivative products executed between DrKW and its clients.

The V5.0 release is also more customisable, incorporating multilingual functionality, allowing users to switch between English, German and French.

"The continued success of ops/tracker with our clients and respected industry bodies is driving us on to further increase the breadth of product coverage and depth of functionality of the application. We remain committed to using ops/tracker to facilitate the increase in transparency of information between our clients and ourselves, empowering them to do more and better business with DrKW," claimed Des Joyner, head of DrKW’s global investment bank operations unit.

Ops/trackers was launched in August last year, and previously only covered cash equity and fixed-income products before providing access to exchange-traded information in July this year.

Paul Hosein, vice-president of DrKW online markets, told RiskNews that ops/tracker has increased its number of clients from 16 in July to 40 since the introduction of exchange-traded information.

DrKW’s fund manager and retail financial institution clients are now based in the Netherlands as well as London, France and Switzerland. Hosein added that although there is a lot of demand to keep working on the ops/tracker product in its present incarnation, he expects to see the service achieve a global client base with the introduction of real-time over-the-counter information later this year.