Polly launched its next generation Hedge system, built into the PollyOS core rather than connected to it, completing a single loan level record for mortgage capital markets alongside its pricing engine, the reintroduced Loan Trading Exchange and secondary accounting. Hedge positions update from live lock, execution, LOS and market data, so cancellations, status changes and intraday fundings appear immediately and positions are shown against live pricing rather than a prior day snapshot, with margin attributed loan by loan using the same calculations accounting relies on.
Our readSecondary desks can see their real hedge position and loan level margin during the day and act on market moves without reconciling several systems. Only an initial group of customers has it now, with broader availability after the MBA Annual Convention on 11 to 14 October.