Best-of-Breed Options Order & Execution Management for Agency and Facilitation Trading
Best-of-Breed Options Order & Execution Management for Agency and Facilitation Trading
Derivix-SM
Derivix-SM
Order & Execution Management
Configurable Front- and Back-End Derivatives Platform
Pricing and Analytics
Proprietary Volatility Time Model and Comprehensive Greeks with Advanced Skew Analysis
Portfolio Management
Scenario Analysis, Grouping and P&L Greek Decomposition
Key Features & Benefits
Execution Management
- Configurable multi-asset trading front-end
- In-bound and out-bound FIX gateway interfaces for customer connections, direct market access or execution algos
- Trade directly from the options matrix
- Integrated smart order routing and sweeping
- Floor broker routing
- Client-to-client crossing, client-to-principal crossing and customer facilitation
- Volatility trader – proprietary volatility pegging algo allows users to send orders based on a specified volatility or one tied to the volatility of other products
- Volatility Pairs trading
- Gamma scalping
- Delta hedging
- Vega trading – trade options strips based on volatility
- Pre- & Post-Trade Risk Analysis directly on the trade ticket
- Staging blotter
- Quickly hedge a partial or full portfolio by loading multiple trades to the staging blotter
- View bid/ask for all working orders and set triggers for manual or automated execution
- Street order blotter for management of working and filled orders
- Configurable bump buttons available to quickly cancel, replace, and modify orders
- Customizable trade ticket
- Ticket defaults accomodate multiple parameters including: broker, algo, size, and account
- Algorithmic behaviors are automatically defaulted based on the selected strategy
- Easily connects to other FlexTrade solutions or other external TCA systems
Pricing and Analytics
- Extensive Scenario Analysis
- Easily adjust multiple inputs for pricing and analytics. The ability to adjust time, volatility, price, dividends, and interest rates provides comprehensive simulation analysis.
- Add simulated trades to view the effect on your risk and portfolio
- Proprietary Volatility Time Model
- Customize decay through a minute-by minute options valuation. It accounts for nights, weekends, holidays, and user defined events providing unparalleled accuracy, particularly around expiration and weekly options.
- Comprehensive Greeks and Advanced Volatility Skew Analysis
- OTC Derivatives Support
- Easily handles OTC and Flex options.
- Implied and user-defined volatility management for accurate theoretical valuation
Order Management
- Fully hosted, out-of-the-box solution that facilitates management of all types of customer orders over their entire life cycle, including:
- Agency and principal trading
- Order tracking
- Position maintenance
- Compliance reporting
- Complex order stitching and separating
- Delayed reporting and order linking
- Full support of exchange based and manual crossing
- Post trade allocation
- Customizable view of historic trading activity
- Multi-asset configurability
Portfolio Management
- Scenario Analysis
- Full revaluation of any what-if scenario in real time
- Shock spot, volatility skew, date/time, and other model inputs to instantly view its effects on any size portfolio
- Graphically analyze and review P&L as well Greeks.
- Grouping (Sector and Sub-Account)
- View aggregated risk across accounts, traders, desks, sectors, portfolios or other user-defined segments.
- Slice and dice your portfolio by underlying, expiration, account, etc., or analyze your entire portfolio.
- P&L Greek Decomposition
- Start of Day P&L is categorized into Delta, Gamma, Theta, Vega, and Rho.
- Non-trading version available for risk management oversight across multiple asset classes.