It was a close contest between the two leading sites, Morgan Stanley’s TradeViews and Dresdner Kleinwort Wasserstein’s Ops/Tracker.
Both are multi-product offerings. Both provide real-time information on the status of trades. Both replicate for clients exactly what their representatives at the banks see. Both have e-mail alert functions. And now that Morgan Stanley is introducing its TradeViews Repo application, both enable clients to see summaries and details of collateral positions on repo trades.
Where TradeViews has the edge over Ops/Tracker is in its on-screen presentation and exceptional customizability. After a major overhaul of the site in 2003, individual users can filter summaries of settled and open trades by settlement currency, country of issue, security type, fund type, age, and net amount. At the bottom of the summary screen, they can choose to view failed trades by market value or age of trade. Users can quickly change their default whenever they want.
From the summary pages, they can drill down to more detail, including fund ID and trade and settlement dates. This is presented in an Excel-style format and is fully exportable to an Excel spreadsheet.
Another click takes users either to product information or to details of an individual transaction.