PMS/OMS

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SpotTrader: our PMS/OMS solution

SpotTrader is our PMS/OMS (Portfolio Management System/Order Management System) solution. It offers asset managers advanced features for portfolio management and electronic multi-asset trading, including programming and execution of complex algorithmic strategies. It meets regulatory constraints in auditing and position and ratio monitoring, and automates reconciliation and reporting tasks to a high degree. With its open platform that allows access to external services via connectors, SpotTrader can easily interface with data providers, brokers and the leading electronic execution platforms. It does not require maintaining a market repository or dedicated IT support. A simple Internet connection is all that’s needed.

Key Points:

Full Cloud SaaS Solution
Collective management, AIFM, Hedge Funds
Multi-asset (Listed, FX & Mutual funds)
Multi data providers
Multi brokers/EMS
Real-time valuation
Algorithmic trading
Asset/liability management
Repository management not required
Available for OEM

Blotter

Transactions to be taken into account in the portfolio are entered via a multi-asset blotter used to record all characteristics of instruments reported as assets, all monetary flows regardless of their nature, and all securities transactions. Transactions resulting from electronic negotiations are fed directly into the blotter by the OMS, after manager validation (STP booking) if applicable. Special screens allow expiry date management of derivatives (CFD, Futures, Options, FX Forwards) and triggering of position roll via the OMS.

Multi-Asset Tickets:

Equities & Equity Baskets
ETF
Bonds
Futures
Listed options
CFD (Equity, Index)
UCITS
FX Spot et Forward
Multi Currency Cash Flows

Portfolio Monitoring

SpotTrader enables real-time valuation of portfolios using the real-time tick-by-tick flows of the leading data providers (Bloomberg, Refinitiv, etc.). It includes dedicated screens for detailed monitoring of open positions. Real-time refresh is also provided for sensitivity indicators (Greeks) and exposure indicators (Ratios).

Real-Time Monitoring:

Portfolio P&L
P&L per position
Sensitivities
Ratios
Calculation of risk (VaR, Stress-Tests)

Electronic Trading

The OMS features of SpotTrader allow viewing of order books distributed by data providers, inputting of electronic trading orders including pre-trade checking, their submission to brokers, and automated execution monitoring. They enable processing of the main listed instruments (Equities, ETF, Futures, Options), of CFDs on Equities and Index, and of FX spot and forward, depending on the connected brokers.

eTrading Connectivity:

Broker connectivity (FIX, IB)
EMS connectivity (EMSX, REDI)
Real-time execution monitoring
STP Booking
Pre-Trade Checking

Algorithmic Trading

Fully automated portfolio management can be programmed with the Java API SpotAPI and executed and monitored in real-time via the execution robot integrated in the software. An email/SMS notification system informs managers of all transactions triggered by the robot. Managers can also take control at any time.

Automated Management:

Java language
A dedicated API
Simulation and live execution
Real-time monitoring
Email/SMS notifications
Proven crash recovery

Market Data Management

With its connector-based open architecture, SpotTrader allows flow capture from the leading data providers (Bloomberg, Refinitiv, Funds360, etc.) and processes their repository and symbology transparently without needing to maintain a local repository. The investment universe and the symbology used therefore depend solely on the connected data provider.

Market Data :

Reference data
Historical timebars
Real-time tick-by-tick
Order book level 2

Valuation

Depending on the valuation periodicity desired, SpotTrader generates the inventories and calculates the liquidation values of the portfolios and of each share of the UCITS that can be reconciled with the inventories transmitted by the accountant-valuer. They are enriched with detailed calculations: realized/unrealized P&L, cost price (FIFO), cumulative fees, and total long/short exposure. Monthly and annual performance indicators including comparisons with benchmarks are also generated by the software.

NAV & Inventory:

Mark-To-Market
Daily/weekly/monthly periodicity
Inventory archiving
Statistical indicators
Benchmarking

Performance Attribution

Transactions can be associated with strategies and analytical sections freely defined by the manager and thus allowing detailed performance analysis. A P&L can easily be calculated per position, strategy or analytical section.

P&L analysis:

Per open position
Per analytical section
Per strategy

Liability Management

SpotTrader allows management of mutual funds shares from the record of initial contributions and subscriptions/redemptions after creation. It allows monitoring of liability trends and prevention of liquidity risks.

Mutual Funds Liabilities:

Issuer account management
Subscription/redemption input
Liquidity risk monitoring

Regulatory Compliance

SpotTrader provides the features required to monitor regulatory constraints in terms of auditing, regulatory and statutory ratio monitoring, and “best execution” objectives. The liquidation values transmitted by the valuer can also be recorded and reconciled with the estimates calculated by the software.

Compliance Functions:

Audit trail
Regulatory ratios
Statutory ratios
Recording of official LVs
Best execution
Fee monitoring

Confirmations & Reporting

The software generates daily reports including all transactions, the inventory and exposures (Ratios) of each portfolio, valued at the moment they are issued, in the form of text files (csv) which are automatically sent via FTP to the administrators, prime brokers, risk managers, custodians, and more generally to any counterparty with an FTP server accessible via Internet. It allows the industrialization and automation of reconciliation tasks.

STP Reporting:

Transactions
Inventories
Ratios

User Management

Portfolio access rights are managed according to operational and regulatory roles assigned to the software users, with read-only or read/write access and features that are limited according to the profile. A special operational flow has been developed for portfolios with an external advisor. It allows advice archiving and tracing of exchanges with the portfolio manager.