Risk and Lifecycle Management

The kACE Options Risk module enables users to run the critical reports required for:

• Front office portfolio management
• Risk management
• Decision support
• Client reporting

Its powerful reporting and risk engines also allow reports to be customised in real time, providing an instant overview of position mark-to-market and risk profiles.

Meanwhile, the kACE TS suite of open APIs (appli-cation programming interfaces) expands the core technology of kACE Risk to power: ecommerce platforms, automated quote responding, quote execution and various connectivity solutions.

kACE Options Risk includes:

• Deal capture with easy customisation of ticket details, ticketing workflows and permissions
• Straight through processing (STP) server can send trades in real-time to core, back-office systems and/or trade repositories and central counterparties (CCPs)
• Life-cycle management tools for options and cash; expiries, fixings, end of day processes and rollovers
• Risk reports for portfolio management, risk management and a decision support tool for traders
• Customer-based reporting, allowing sales desks and clients to view their portfolios, and trade performance
• They can also conduct life-cycle sales man-agement to track sales team performance
• Full support for recording and reporting on margin or sales profit for the various stakeholder desks involved in the trade life-cycle
• Sensitivity reports to calculate how changes in market conditions affect a portfolio
• Graphical representation of reports can be created in either two or three dimensions
• The ability to drill down on a position within a report and see the component tickets and their individual risks that contribute to that position
• Dream tickets used to analyse a ‘hypothetical trades’ potential position impact
• Individual reports can be run using a specified market scenario of choice
• The flexibility of kACE Risk allows users to run any report on demand or via a scheduled au-tomated process
• Automated trigger alerts for barrier events

Risk Distribution

Risk engine

The kACE Options Risk module enables users to run the critical reports required for:

• Front office portfolio management
• Risk management
• Decision support
• Client reporting

Its powerful reporting and risk engines also allow reports to be customised in real time,
providing an instant overview of position mark-to-market and risk profiles.

Connectivity

Risk API

The same extensive reporting capabilities that are available in kACE Pro, are offered
programmatically by the Risk API (application programming interface). This allows users to
report on any aspect of their portfolio.

Reports can be executed in the following ways:

• In the kACE Pro GUIs (graphical user interfaces)
• Inside a web browser, using the kACE Reporting Server
• On a scheduled basis using a scheduler
• Programmatically using the Risk API

Straight Through Processing (STP)

Bi-directional STP allows the STP server to send trades in real time to core and/or back-office systems.

The STP API also allows you to create a custom interface that specifies how, where and what trade information to export/import between kACE and the downstream target system.