Feature Checklist

 

Order Management

  • Trade blotter by trade date with filters for status, execution desk, trade purpose, sector, market, account, account group, and trading system
  • Low to High, High to Low, Weighted Average, and APS price allocation methods
  • Support for partial fill allocation, with automatic trade creation for the balance
  • Customizable account sort order for fill allocation
  • Contracts per million, target level, and contracts per trade default breakdown methods
  • Trading level can be a constant or formula based
  • eMail and FTP communication of trades, fills, and account activity with customizable data file formats
  • PDF document  and customizable data file formats for trades, fills, and account activity
  • Multiple trading systems (strategies) per trade, including net-zero trades
  • Combine multiple orders (same or multiple trading systems) into a single order
  • Counter-party notification configurable at the account/exchange level
  • Per-Trade and/or Per-Day trading activity notifications on a per-recipient basis
  • Back-dated trade changes
  • Multi-order placement to broker
  • Virtual trade date allowing global trading
  • Account-level executing broker rules enforce execution agreements
  • Trading desks can be limited to the exchanges it trades
  • Market and position limit checks on order placement
  • Sector and Market trading restrictions at the account level
  • Support for synthetic markets
  • User-defined fields can be attached to orders
  • Command-line order import utility
  • API-based order entry
  • FIX 4.2/4.4 drop copy support allows automatic order capture from a wide variety of execution platforms
  • Execution gateway provides electronic order execution and reporting to clearing brokers as well as several advanced order handling options

 

Reconciliation

  • Automatically obtain emailed of FTP downloadable statements
  • Extract data from human readable brokerage statements
  • Convert data from disparate statement formats into a single format defined by the user
  • Reconcile Balances, Trade Confirmations, Open Positions, Trading Commissions by firm, clearing broker, and user-defined group of accounts
  • Present trade breaks by trade or by account
  • Detail position reconciliation and net position reconciliation
  • Balance reconciliation at currency level and rolled up to account’s reporting currency
  • Identify missing trades and late pickups
  • Top day reconciliation of trade confirmations
  • Maintain issues list recording open reconciliation issues at the broker level
  • eMail break sheet to clearing broker with optional comments and optionally include all open issues
  • Maintain a statement archive allowing access to prior statements and data on line at all times
  • Copy extracted statement data to applications such as Microsoft® Excel®
  • Print statements multi-pages per page
  • Support for more than 130 different broker statements

 

Position Management

  • Unlimited number of trading systems
  • Maintain positions by system and positions net to the street simultaneously
  • Real-time and batch trade matching
  • Multiple settlement prices per instrument per day allowing broker-specific exchange rates and FX prices
  • Trading and position activity on a specific day (present or past) and well as for a time range, net to the street or by system
  • Detailed positions as well as net positions by account or selected accounts with the ability to show/hide flat FX and LME positions
  • Re-state results into any currency
  • Account sizing wizard builds trades for account open, close, resize events
  • Pending rolls report uses roll rules to provide a one-week horizon into pending rolls
  • Exit, Roll, Reversal trade generation from selected positions
  • Option exercise and assignment
  • Back-dated trade changes automatically update positions
  • Spread-trade matching, FIFO and others when performing trade matching configurable at the clearing broker level
  • Synthetic instrument support
  • Settlement prices and exchange rates can be imported from broker statements
  • Auto-expiration for cash settled markets
  • Position valuation on the tick

 

Trade Accounting

  • Multi-currency chart of accounts
  • Balance sheet, performance table, trading cash flow, and income statement views of accounts or groups of accounts
  • Accounts can be domiciled in any currency and reported on in another currency
  • Formula-based management and incentive fee calculations with automatic high-water marking and daily accruals
  • Formula-based interest and expense accruals at the account level
  • Back and forward dated transactions
  • Trading commissions at the account/market level
  • Broker-based trading commissions with separate fixed and variable charges for execution-only, cleared-only, and executed and cleared scenarios
  • All commission and fee structures are date-based allowing structure changes over time allowing back-dated accounting and trade changes
  • Account hierarchies allow results from multiple trading accounts to be combined for the purpose of performance and fee calculations
  • Single and batch transaction entry when manual posting is required
  • Batch transactions can be saved and recalled for application at a later time
  • Currency fluctuation (FX gain/loss) income calculated
  • Daily NAV calculations with automatic monthly and yearly returns
  • A currency sweep function for those advisors that sweep their foreign balances rather than trade them
  • All transactions are time stamped and the user who made the entry is recorded along with the transaction
  • Daily compounded returns method provides daily liquidity and NAV
  • Transaction search tool for locating transactions by account, transaction, performance table column affected, ledger column affected, and value over time
  • Advisor fee invoicing on monthly, quarterly, or custom time frame basis with invoices available in PDF, Word®, Excel®, and HTML formats

 

Risk Management

  • Stop-loss analysis
  • Options for system to propose protective stops based on user-definable risk parameters
  • Margin to equity and margin to trading equity at the account, market, and sector levels
  • Historic margin to equity
  • Ability to set warning levels for account margin utilization
  • Value at Risk for an arbitrary portfolio
  • User-settable VAR options for confidence interval, look-back period, and instrument proxies
  • Scenario analysis allows investigation of a selected portfolio’s reaction to market shocks
  • Evaluate a single event or a number events simultaneously
  • Chart and tabular views of results with sector and market-level details
  • Re-state results into any currency

 

Data Manager

  • Unified price data repository for research and signal generation purposes
  • Bar sizes as small as one minute with virtualization to any larger size bar as required
  • Ability to define virtual trading days, allows the creation of daily bars based on any timeframe
  • Obtain data from a variety of sources and store in a single, consistent format
  • Flexible continuous contract building
  • Roll continuous contracts based on actual trading history
  • Derived data capabilities allowing user-defined construction of price streams based on other price streams
  • Data downloads are schedulable by market and can occur multiple times per day
  • Export data in a wide variety of standard formats
  • User-define export formats including symbol translation and numeric scaling
  • Data viewer with charting and data tables allowing zooming and panning through the data
  • Overlay studies such as moving averages and others
  • Overlay actual trading history including running positions and P&L
  • Automatic compare of price streams from multiple sources with user-defined rules for conflict resolution

 

Outbound Communications

  • Built-in eMail and FTP
  • Ability to automatically encrypt all communications (trade files and reports)
  • Send log retains all outbound communications
  • Send log viewer displays status, item, and recipient information
  • Easily locate all communication related to a specific order
  • Forward, re-send, cancel, and delete send log entries
  • Pause sending with ability to release selected items
  • Preview before sending
  • To, CC, BCC on all communications
  • Optional send log purging reduces system management requirements
  • Automatic encryption of files and reports

 

Reporting

  • Browser-based end-user reporting
  • All reports available in PDF, Excel®, Word®, Text, HTML, and CSV formats
  • Any report can be configured to be automatically emailed or FTPed to any contact in any format on a daily, monthly, and annual basis
  • Reports that include the current day are valued on the tick and incorporate top-day trading activity
  • Web-based access can be provided to clients with restrictions on what accounts and reports the client can see
  • Built-in support for mobile devices
  • Performance Explorer™ provides an interactive, graphical tool for examining performance at the portfolio, account, sector, and market level
  • Built-in support for Barclay indices with monthly updates of indices
  • VAMI, drawdown, volatility, Sharpe Ratio, Sortino, Omega calculations
  • User-defined benchmarks allow comparison of portfolios to industry standards of your choosing
  • Customizable color schemes and ability to include your logo and company  information on reports
  • Reports can be presented in any currency desired
  • Reports that include the current day can auto-refresh on a per-user schedule
  • Ability to define arbitrary groups of accounts and report on them as a single composite
  • Most reports are available by trading system as well as net of all trading systems
  • Templates for easy production of monthly performance summary (Tear sheet)
  • End-user report designer allows easy development of customized reports with full integration into TheBooks for sending to clients

 

Instrument Support

  • Futures
  • Forwards (LME)
  • Foreign Exchange
  • Equities
  • Cash Swaps
  • Options on Futures
  • Options on Forwards
  • Options on Foreign Exchange
  • Options on Equities
  • Options on Cash Swaps
  • Calendar Spread Options
  • Delivery Point Spreads
  • ICE OTC energy contracts such as Henry Hub swing swaps,  electricity, and other daily settled power contracts
  • New Zealand and Australian electricity contracts

 

Technology

  • Three-tier client server architecture
  • Microsoft SQL Server 2008, 2012, 2014, 2016 (32 and 64 bit versions)
  • 32 and 64 bit versions of Microsoft Windows 10, Microsoft Windows 8.1, Microsoft Windows 7 Professional, Windows Server 2008, Windows Server 2012 R2
  • Browser-based reporting
  • COM+, .NET, and stored procedure programming interfaces with event model
  • Built-in eMail (SMTP, POP, IMAP) and FTP (FTP, sFTP, FTPS) support
  • FIX 4.2/4.4 drop copy (execution report) as well as trade routing

 

Kildeer, Illinois

Telephone : +1 847 234 4969

E-mail : [email protected]

FAX : +1 847 234 5184

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