OPTIMA/Broker
OPTIMA/Broker is a rich and flexible cross margin platform that can support all margin models and methodologies and unify all product lines onto a single platform. User driven rule definition, fully optimised calculations, open and configurable account hierarchy, and support for any instrument class are key elements of the platforms breadth and flexibility.
Best Of Breed Calculation Engine
OPTIMA/Broker is a powerful and flexible margin calculation engine that can apply any combination of margin rules and hedge strategies across single or combined portfolios and then optimise the portfolio holdings to always produce the most efficient margin requirement.
All Margin Approaches Supported
OPTIMA/Broker allows complete control over what margin rules and structures are defined and which model each account uses.
Margin requirements can be based on any type of position hedging, applying relief from derivatives held in other business units, and hedging derivatives to the baskets of underlyers.
All incremental margin (e.g. concentration, liquidity boundaries, etc.) and total margin caps and floors can be defined.
Client overrides, or any other type of override, can be applied on an open-ended or a term basis.
Combine with external (e.g. VaR) figures
OPTIMA/Broker can import any externally calculated values such as the VaR number for an account and these can be used in the margin formulas as required.
Portfolio Management and Controls
The same powerful rules engine can be used to define Portfolio Alerts that allow you to define Traffic Lights or monitor Lock Up terms. Each Portfolio Alert may generate an exception at varying severity levels and is monitored via the central exception Monitor screen.
Powerful User Interface
The key to an effective system is the User Interface and OPTIMA/Broker provides a range of Wizards, analysis charts, and other tools required by users across the business process.
Cross Margin
Cross Margining is a key demand of Hedge Fund clients, and OPTIMA/Broker provides full support for cross margin via cross asset margin, position netting and portfolio consolidation.
OPTIMA/Broker can also process margin requirements on non-PB positions or import externally calculated requirements for netting with the risk based calculations.
Algorithm based optimisation
At the heart of OPTIMA/Broker is an advanced optimisation engine that uses the Simplex Linear Programming algorithm.
Unlimited Attribute range
OPTIMA/Broker’s model allows the user unlimited ability to configure new attributes for instruments, positions, and accounts from the front end with no developer interaction.
Performance
The system is engineered from the bottom up for high performance and scalability, and sits on top of the proprietary MATRIX framework that includes workflow automation and a GRID (dynamic load balancing) solution. This also provides high availability in the event of hardware failure and as business volume grows the system can be scaled seamlessly by adding servers into the server farm.
Easy Integration
OPTIMA/Broker provides comprehensive XML Schemas and a data import/export API, allowing for easy integration with upstream source data, downstream operational systems and internal reporting platforms.
Cost Effective
OPTIMA/Broker is an extremely cost effective solution for Prime Broking and firm-wide cross margining requirements. The straightforward OPTIMA/Broker licence model provides a total cost of ownership lower than that of other vendor or internally built platforms.