Placing orders and controlling execution
Order Management enables you to place orders, choosing from a variety of parameters, ranging from execution strategy to expiration and price limit conditions. Once orders have been places, you can amend, divide or withdraw them, at your leisure. Excel import/export and order history browsing are standard features.
Generating multiple and joint orders with ease
In case you have to generate large number of orders, following a certain pattern, such as proportional buying/selling in response to large inflows/outflows, you can execute within minutes by using our automatic calculation and order generation procedures. In addition, to support businesses with large number of funds/portfolios, the module includes joint/group order and subsequent user defined allocation functionality.
Automatic pre and post trade limits calculation
You can turn on pre-trade limit calculation to check the impact of orders about to be executed on your regulatory, investment and internal limits. In case of breaches, you can define override procedures, involving authorization from designated persons. Post-trade limit calculations serve to check if any breaches are caused by the difference between execution and market prices at the time of pre-trade limit checks.
Cash Flow Management
Check cash availability before order placement
Cash Flow Management enables you to minimize operational trading risk, by running checks of your future cash flow schedule. You can minimize (or even avoid altogether) scenarios such as buying more than you can actually afford, buying when you’ll soon have to sell in order to meet unrealized redemptions, or selling when you actually do not have to, because coupons or principal maturities are due.
High level of accuracy
To ensure accurate data, our module includes corporate actions and confirmed but still unrealized items, such as orders in progress, pending orders and subscriptions/redemptions and other unrealized liabilities and receivables – to be included or excluded from the calculation, according to your preferences.
Information center with tailor-made overviews
Portfolio Analyzer enables you to gather, organize and display investment information in any one custom overview. Build and save your own portfolio structure breakdowns, based on asset class/region/sector/issuer/currency/etc. Vary between cumulative and individual portfolio/fund breakdowns, and analyze over 100 attributes, ranging from static instrument data to performance and risk indicators. Use our charting tools to visualize selected portfolio or sub-portfolio proportions, and generate structural or performance and risk reports.
Starting point of your investment decision making processes
By utilizing overviews of your choice, decision making becomes much easier. Gain insight ranging from portfolio structure and investment limits status to performance and risk indicators. Detect deviations from the desired portfolio structure, performance and risk indicator values. In case of deviations deemed significant, you can immediately act accordingly. Without the need for exiting Portfolio Analyzer and entering Order Management module, use a simple right-click on selected securities and place orders automatically.
Define the benchmark
Benchmarking enables you to select or create your own benchmark, be it a combination of existing indices, securities, portfolios or funds. Easy to use benchmark builder functionality requires as little as selecting constituents and their respective weights, with automatic composite benchmark value and return calculations.
Measure relative return, relative risk and utilize liner regression outputs
Analyze your performance vs the benchmark. Measure relative return, asses risk profiles, and evaluate overall performance by using our risk-adjusted return measures, such as Sharpe, Sortino, Treynor and Information ratios. Utilize our liner regression functionality and determine whether the correlation is high enough, and in turn whether alpha and beta are reliable estimates. For additional analysis, you can examine various statistical indicators, such as skewness, kurtosis and maximum drawdown.
Detect significant return/risk divergences
Our charting tools functionality enables early return/risk divergence detection. Comparing return and risk measures as functions of time can reveal significant deviations (i.e. while returns are on par, portfolio risk is increasing and benchmark risk remains unchanged), which can act as early warning signals. In addition, you can use our charting tools as a report generating functionality.
Active support and added value for asset allocation decision making process
Portfolio optimization module is the final stage of investment decision making process. It can be used as a ‘fine-tuning’ tool (optimizing weights on a predetermined portfolio), as well as robust and self-sufficient optimal portfolio builder (selecting securities out of the entire investment universe and determining their respective weights).
User defined concepts and parameters
Considering that the optimization process is completely automated, the user is allowed to define key components of the model used. The object of optimization, according to the Modern Portfolio Theory, is return/risk ratio, better known as risk-adjusted return measure. Apart from the original Sharpe ratio (historical return/standard deviation), our module offers a wide range of possible user defined measures for both risk (VaR, CVaR, semi-deviation, etc…) and return (historical, user defined analytical forecast, etc…). In addition, you can generate the Efficient Frontier, enabling you to maximize return for any given level of risk, and inversely, minimize risk for any given level of return.
Easy synchronization with regulatory and user specific investment limits and restrictions
Expecting a number of constraints to the optimization process, our module comes with easy-to-use constraint builder functionality. Whether you want to limit your portfolio FX or region/sector exposure, define general asset class structure, limit individual security holdings, ensure certain level of diversification, we offer an easy way to include your own limit system into the optimization procedure.