Cortex is a software system designed for companies trading commodity products, with particular focus on the London Metal Exchange (LME).
Cortex is a back-office system that is used to record and process commodity derivative trades.
Cortex enables rapid and detailed trade entry, amendment and cancellation. It interfaces to the LME’s own systems (through the Fix Engine) to enable seamless trade matching and trade clearing, and to the London Clearing House (LCH) for intra-day and end-of-day price and data feeds.
The system reduces operational risk by allowing users to monitor real-time trade positions as well as reporting unmatched trades and providing exception management reports.
To ensure that both in-house and client funds are controlled effectively, Cortex contains full accounting functionality, including a double entry, multi company and multi-currency general ledger.