vEquities
Vichara’s V* Solutions sets a new standard in high-performance computing for trading support, valuation and risk management software for the fixed income market participants.
Vichara’s vEquities is an equity derivatives system for Position Management, Trading, Risk Management, Middle-Office and Compliance.
Key Features
Position Management
- Multi-level
- Stocks & Options get aggregated into positions
- Positions get aggregated to a Book Level
- Multiple Books get aggregated for Overall Risk Management
- Real-Time update of positions and all risk-metrics (greeks, long/short, sector exposure, etc.)
- Ability to keep track of dividends, interest, commissions, stock-split, spin-offs, name change, etc
Risk Management
- Long/Short
- Gross & Net Exposure by Sector, Net Beta
- Ability to set limits by stock, sector or overall leverage
- Internal swings between books
- Equity Derivatives
- Multiple volatility assumptions
- Real-time computation of option greeks
- What-if computation on portfolio using various implied volatility scenarios
Trading
- Connectivity to prime broker via FIX
- Real-Time signals get displayed in a separate window
- Point and Click interface
- Single or portfolio of orders with a single command
- Ability to auto-execute orders
- Multi-user
Middle Office
- Export end-of-day trade blotter
- Morning reconciliation report on trades and positions with prime broker
- Trade Commission Reconciliation
- All information is stored in SQL databases for easy customization of reports on an as-needed basis
Black-Box Integration
- Signals get displayed in real-time through tcp/ip socket and database interfaces
- Parallel paper portfolio executes trades at signal price
- Keep track of realized slippage in both real-time and for historical analysis