Product

Hyper Rig Overview

• Traders can define multiple trading books, counterparty hierarchy and set up new commodities to be traded, as well as set the default values.
• It offers individual users the ability to customize screen layouts and colours. The user can click and drag a field to get the optimum sequence for fast and efficient trade capture.
• The system is designed to accept trade-feeds in the form of spread-sheets/CSV file from exchanges such as EEX.
• It enables the front office to monitor the trading process in real - time. It saves valuable time and gives traders the information they need to act smartly, quickly
• The system also allows the user to print/fax and track the confirmations in bulk or individually.
• All trade amendments can be tracked and archived and execution prices linked to market prices for “best execution”. All trades and prices can be tagged with meta-data and versioning. Client trading patterns and chronologies can be constructed for “best execution” purposes.
• The system supports elaborate price loading and calculation mechanism. The end-of-day prices are used for MtM and P&L calculation. Users can set up their own complex index pricing formulae with any number of price tiers.
• Prices can be examined in real-time by price filters and price curves can be constructed on a per-user basis. Golden copies of “approved price curves” can be made available in real-time bad prices can be filtered out and transformed
• The system allows the user to define various risk parameters and calculates Value-at-Risk calculations using Historical,Analytical and Monte Carlo method.
• The system provides risk reports based on various combinations, like – portfolio, commodity, counter-party, trader or overall system level.
• The system allows the user to key in their risk parameters (volatility/correlation) used for VaR calculation. It also provides Backtest reporting to validate the VaR numbers.
• Risk and position can be calculated in real-time on a distributed grid of “commodity boxes” to achieve very high performance and scalability with 100% failover capability.

The system allows the user to set up counterparty credit ratings and other credit details. The system also provides counterparty-wise rolling exposure report.

All reports can be distributed by email and can be part of the fully integrated work flow tool. Back office and scheduling processes can be fully automated as part of user defined work flows.

All exceptions including “failed trades” and “breaks” can be included in user defined work flow procedures.

The system facilitates defining of Counterparty, Location, Currency, Exchange Contract, Limits etc.

It also allows creating, modifying and deleting user details. It helps to categorize users into different user types and define functional permissions for a particular user type. In other words, this module enables users to allow/restrict the users to perform specific operations and thus enforces security