Front Office

Managing a portfolio of OTC and ETD products needs powerful tools. Measure and manage your portfolio using our integrated services. The impact of margin has become complex, across cleared and uncleared business. Our services enable front, middle and back office teams to enhance your portfolios.

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Challenges

  • Choosing the cheapest execution route across CCPs and multiple counterparties?
  • Knowing the best ‘all in’ price for a strategy including margin, fees and funding?
  • Knowing how to execute a strategy using futures or IMM swaps?
  • Staying within limits for alternative execution approaches?
  • Taking into account clearing mandates for OTC business?

Services With a Front Office Focus

Understand a time decay based view of a strategy including IM, broker fees, clearing fees and operational costs

Enable trades to execute with the cheapest counterparty or CCP

Initial Margin across cleared business, exchange business, and uncleared business. Officially licensed calculations including ISDA SIMM

Be ready for UMR using our licenses calculation service. Receive IM figures via partners like CloudMargin

Be fully compliant with mandatory clearing rules when building a strategy

Ensure your strategy will execute by navigating counterparty, broker and CCP limits up front

How Do I?

Understand the Lifetime Impact of a Strategy?

Our service can deliver an analysis of a strategy including

  • Broker Fees
  • Clearing Fees
  • Operational Costs

We forecast the decay of IM over time including funding rules. The analysis is over forward time periods including a holding period for the of the trade.

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Calculate IM for OTC and ETD Products?

Our margin models cover OTC IM both cleared and uncleared. We provide officially licensed IM calculations for Calculations supporting LCH, CME, Eurex & ICE.

We also have SPAN support using risk arrays from 90+ CCPs.

And PB margin integration plus ISDA SIMM.

All integrated across the Cassini Services.

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Calculate IM for OTC and ETD Products?

Our margin models cover OTC IM both cleared and uncleared. We provide officially licensed IM calculations for Calculations supporting LCH, CME, Eurex & ICE.

We also have SPAN support using risk arrays from 90+ CCPs.

And PB margin integration plus ISDA SIMM.

All integrated across the Cassini Services.

Learn More

Use Alternative Products?

Use our optimiser to replace a swap book with IMM Swaps or IRS Futures.

Our compression optimiser analyses the risk in the portfolio and then selects from a universe of target contracts (e.g. Swaps, or IRS Futures) to find a smaller set of trades that provide same risk with reduced collateral and cost requirements.

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Attribute Portfolio Costs?

Cassini supports both Pro-Rating and Margin impact models for margin attribution to Trading Strategies or Trades.

Attribution analytics can be run on any set of portfolios or trades.

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Achieve True Best Broker Execution?

Our Best execution screen shows the various eligible agreements for proposed trades and the relative holding costs.

It also allows entry of deal quotes and determines an adjusted all in price.

This allows easy view on what is the true best execution price.

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See our software in action

See our software in action. Ask for a demo and we can explain how to get going with the Cassini services.

Get a Demo