technical description

This module takes care of back office activities with reference to derivatives contracts managed on regulated Markets. Managed activities are as follows:

• Orders collection from Branches, Privates, Treasuries

• Intra-day on line

• Control of order risk, situation and credit during order entry.

• Recording of orders and transactions in accordance to current legislation

• Automatic transmission of orders on italian regulated Markets

• Automatic data acquisition from Clearing Houses.

managed markets and types of contracts

Types of derivatives contracts available on this application are:

Futures having as objects:

• Italian and foreign Government securities

• Stock Exchange Indexes

• Rates

• Italian and Foreign shares

• Foreign currencies

• Commodities

Options (Call, Put, Stock Style, Future Style) having as object:

• Italian and Foreign shares

• Stock Exchange Indexes

• Rates

• Italian and Foreign shares

• Foreign currencies

• Commodities

Managed markets

The main regulated Markets on which trading activities are taking place are:

• IDEM (Italian Derivatives Market)

• Chicago Board of Trade

• CME USD

• COMEX USD

• EUREX EUR

• IPE USD

• LIFFE USD

• NYBOT USD

• NYMEX USD

margining system 

In this application have been implemented criteria of TIMS margining which include:

• Automatic download of basic calculation  data from Clearing Houses.

• Margins real time calculation at the time of call by the client.

• Daily charge for guarantee and variation margins

• Daily reports of control for reconciliation with Clearing Houses

• Management of margins in foreign currencies to allow margining on foreign Markets

• Broker/Market management

• Possibility of international TIMS margining.

• Possible interfacing with Rolfe and Nolan.