Products

LightPoint Core Modules 

Core Order Execution Management

This module allows portfolio managers and traders to stage and execute orders across a wide range of asset classes with just a few mouse clicks. It streamlines and manages pre-trade, order and trade workflows. It integrates seamlessly with our Advanced EMS product for firms that need access to level 2 data, complex futures and option trade strategies, direct market access and high-frequency and high-volume trading.

Trade Ticket Services
Designed to streamline and manage pre-trade order workflow by allowing each PM and trader to configure their own unique environment. Trade Ticket features include:

Connectivity to over 200 executing brokers via direct FIX connections.
Support for all global listed products.
Ability to trade anywhere with our mobile and thin client trade tickets.
Elimination of re-work using integrated pre-trade risk, guidelines, and compliance checks.
Conversion of local currency orders to USD.
Support for intuitive hot key functionality for quicker order entry times.
Support for multiple PM teams and accounts.
Allows each user to configure their own environment.
PM Blotter Services
Designed to allow portfolio managers a real-time view of the order/trade lifecycle from pending to working to complete. PM Blotter features include:

Configurable workflow that monitors and enforces all pre-trade risk and compliance rules with the capabilities of managing multiple and different parameters.
Configurable allocation rules for pre-trade allocation processing.
Manages the complete lifecycle of an order from its origination to its completion.
Maintains the lifecycle attributes of "good until canceled" orders.
Monitors and orders TCA metrics.
Provides summary level gross and net intraday trading notional amounts.
Hot keys allow quick order entry and provide route destinations to the execution management system.
Supports portfolio modeling with quick trade access to execution management system.
List Trader Services
Designed to provide portfolio managers, traders, and management with the ability to actively manage fund exposure and portfolio rebalancing in real time. List Trader features include:

PMs, trading desk, and management can actively manage fund exposure.
Trading of entire or partial book from a single destination, which allows individual books to increase, decrease or be actively managed.
Includes the same governance as our single order entry ticket ensuring order integrity.
Drag down functionality for ease of selecting attributes for the portfolio that will be executed.
Security Master Services
Designed to manage the reference data that is associated with products that our customers use to trade. Security Master features include:

A dedicated security master for each client.
The security master can be provisioned with reference data from Bloomberg or SIX. Other providers can be added using our Market Data Platform.
Supports exchange traded, credit and OTC products.
Works with our Core Execution Management product and our Advanced Execution Management product.
PM Blotter Services
Designed to allow portfolio managers a real-time view of the order/trade lifecycle from pending to working to complete. PM Blotter features include:

Configurable workflow that monitors and enforces all pre-trade risk and compliance rules with the capabilities of managing multiple and different parameters.
Configurable allocation rules for pre-trade allocation processing.
Manages the complete lifecycle of an order from its origination to its completion.
Maintains the lifecycle attributes of "good until canceled" orders.
Monitors and orders TCA metrics.
Provides summary level gross and net intraday trading notional amounts.
Hot keys allow quick order entry and provide route destinations to the execution management system.
Supports portfolio modeling with quick trade access to execution management system.
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Core Order Execution Management

This module includes the following types of services

LightPoint Core Modules 

Order Management

The order management module is designed to support the processing of order workflow. It records all transaction costs associated with processing an order and provides a single book of record for all order information.

Order Management

The module includes the following types of services:

Desk Blotter Services
These services support firms that want to use a centralized execution desk for trading. Desk Blotter features include:

Built-in center book replication strategy.
Support for parent-child trade logic.
Time-stamping of trades for arrival price and arrival volume.
Monitoring of  the time that an order is pending to ensure timely execution.
Operations Blotter Services
These services support the workflow related to assigning costs that are associated with a given trade.  This can include costs such as broker fees, taxes and commissions. Operations Blotter features include:

Pre-trade process ensures that most of the operational workflow is automated, thus limiting the need to use the blotter for manual entry.
Configurable CFT tables that allow for customizable multi-fund workflow per entity.
Management of the EOD trade file processing to 3rd parties.
Management of the intraday and historical cancel and correct workflow processes.
Automatic creation of e a security master record at trade time if one does not exist. This allows traders to trade and minimizes manual entry by operations people.
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LightPoint Core Modules 

Risk Management

Our risk management module allows portfolio managers and risk managers to manage the risks that are associated with their organization’s trading activity. Optional modules are offered for firms that require factor analysis or VaR

Risk Guidelines Services
These services allow users to configure custom guidelines that can be applied to specific portfolios. The guidelines are used by the system and are applied on a pre-or post-trade basis depending on their configuration.  Some of the risk guideline features include:

Facilitates live monitoring of PM’s portfolio with real time breach notification for portfolio managers and risk managers via system messages and email.
Provides real-time snapshots of a portfolio manager's utilization of risk guidelines.
Allows the configuration of separate guidelines for individual portfolio managers.
Supports multi-portfolios with individual configurable guidelines.
Incorporates user-friendly user interfaces to set up new portfolio guidelines or make changes to existing ones.
Guidelines are presented in percentage, dollar amount and utilization amount.
Allows for specific permission views for PMs, risk and management; specific PMs can be limited to their own portfolio.
Exceptions can be granted for specific time limits. These exceptions are monitored using a color-coding scheme.
Notification of breaches can be emailed to specific users and pop-up on user’s task bar.
Users can review historical exposure and any historical violation as of the end of a specified day.
Risk Dashboard Services
These services provide a  single portal that can be used  to access to all risk user interfaces. It permits approved users to monitor, override and update risk systems and processes. Some features include:

Creating or updating guidelines under numerous leverage metrics (equity, gross market value, maximum permitted gross)
Allowing the risk manager to make changes to portfolio capital allocations and to monitor individual exceptions issued by management to individual portfolio guideline violations.
Defining exceptions that can be based on days, performance or other risk metrics.
Provides the ability to incorporate a portfolio manager's custom sector classification codes, which can be different than the standard GICS codes. This allows for the uploading of security symbols into a custom industry universe that has been defined by a portfolio manager.
Provides the ability to incorporate external risk factor models (e.g. Barra from MSCI or another provider) into our risk reporting portal.
Provides the ability to incorporate VaR (e.g. from Portfolio Sciences or another provider) into our risk reporting portal.
Attribution Services
These services allow the risk manager to analyze and  assign risk across various the portfolio structures that have been created in the system. Some features include:

Multidimensional views across various models that can be used to analyze portfolio performance and exposures across different risk factor groups.
Real-time factor exposures and P&L attribution that can be displayed and updated throughout the day.
Captures and maintains a history of end-of-day exposures.
Provides users with the ability to quickly customize reports without using a separate report writing tool.
Provides risk charting capability that can easily be customized by the user.
Incorporates services that can read factor flat files.
Allows users to visualize key data such as P&L, gross exposure, factor P&L, factor returns, factor exposure and factor risk for one or more portfolios, over multiple time periods. Users can plot multiple factors or portfolios for any combination of data points and can easily add multiple time series to compare trends across portfolios or compare trends for different factors across different portfolios.
Risk Reporting Services
These services are used by the risk manager to generate risk reports. Some features include:

Web based UI which provides ability to generate customized and preformatted risk reports.
Generates investor reports providing key statistics such as monthly, YTD & ITD net of fees returns. Other parameters include net exposure, beta exposure, volatility, Sharpe, leverage, utilization across strategies, sector, etc.
Can generate stress testing reports that employ various external factor models such as MSCI.
Can generate VaR reports using external VaR services from Portfolio Science or MSCI.
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Risk Management

This module includes the following types of services

LightPoint Core Modules 

Portfolio Accounting

LightPoint’s portfolio accounting and general ledger software contains a set of services that integrate our order execution, order management, portfolio management, operations management, risk management,  and investor accounting into a single integrated view of a customer’s business.

Portfolio Accounting

The module includes the following types of services:

Accounting Services
Automates the portfolio accounting process . Some features include:

The ability to generate a full shadow NAV.
Mapping table for operating company ledger accounts.
Support for multiple tax lot methodologies that can be customized by account.
Build and manage accounting views from the tax lot level up to account balances, while supporting multiple tax lot allocation strategies.
Central depository of employee business units provides a flexible cost center capability that  can be used for cost allocations. Users can quickly create unique cost center methodologies.
Provides locked time periods for the closing of accounting periods and financial statements  in finance database.
Monitors the 45-day process which ends the look-back for “as of” adjustments.
Flexible accounting of specific ledger accounts which can be mapped as Below the Line for PM reporting with description of BTL category.
Maintains monthly records by PM of P&L, equity and capital allocated.
Calculates and incorporates finance charges, management, and performance fees and any “capital activity”.
Incorporates operating company cost center G/L data, enabling line-item allocation of expenses to one or more other cost centers.
Soft dollar management tool allows for the amendment of soft dollar commission tack-on for use in internal reporting and reconciliation; maintains soft accumulation.
Financial Reporting Services
Provides standard reports as well as the ability for users to generate custom reports easily from either their workstation or a tablet or mobile device. Some features include:

A full suite of  standard GAAP financial statements and reports including balance sheets, trial balances, P&L and cash flow statements.
Efficient reporting for fund, managed account and PM performance.
Portfolio manager reporting that facilitates the tracking and recording of the specific details of a portfolio manager's payout structure.
Full performance reporting that can generate portfolio manager or managed account reports using MTD and YTD metrics.
Class reports for use in the investor allocation module, which is the building block for investor allocation process.
The system can be fed via APIs from the customer’s fund administrator, legacy OMS, or the LightPoint OMS depending on the customer’s requirements.
Provides intuitive information analysis tools, dashboards and reports that are easily tailored to a specific user's needs.
All reports and dashboards are available in a browser or on mobile devices.
Exporting data to screen shots or to Excel is straightforward.
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Compliance Management

Our compliance management module provides a rule-based system for the management of pre- and post-trade compliance rules. We have hundreds of pre-built configurable rules in our library.  This module integrates seamlessly with our Core Execution Management module and our Advanced Execution Management system. The Compliance Management features include

  • Coverage for many of the common regulatory rules in North America and Europe.
  • Facilitates operations and compliance to monitor pre-trade approvals, trades, positions, trade rejections, manual overrides and position amendments.
  • Monitors various types of restrictions such as no transactions, no short sale, no purchases, and country restrictions.
  • Tracks ownership percentage for beneficial ownership limitations.
  • Shows issuers by long and by short percentages for country limit management.
  • Supports customized alerts for specific compliance limits. For example, users can set alerts for ownership levels of a given security at a percentage level by country.
  • Can export standardized administrator data into Form PF reporting template.
  • Allows for quick amendments to the restricted list and tracks the history of list changes.
  • Displays number of related securities when adding or deleting names.
  • Ability to track both executed quantities as well as ordered quantities.
  • List view of all current transactions in the compliance engine.
  • Ability to monitor all rejected transaction requests.
  • Tracking is performed on each transaction separately, displaying fund, portfolio, side, ticker, quantity and rejection reason.
  • Compliance can place trading restrictions based on individual countries.
  • Sortable columns and ability to export to Excel for audit purposes.
  • Can generate lost avoidance or outsized gain/loss reports.

Valuation Engine Services

The valuation services provide an independent fully transparent way for our clients to price OTC derivative instruments. The service is built around the QuantLib open-source pricing library, which is one of the most widely utilized libraries in the world. It provides full transparency in that our customers can upload the library source code for model validation if required. Valuation engine features include:

  • The same analytic can be used as a LightPoint service or in Excel.
  • The data to support the OTC pricing can be sourced from Bloomberg, SIX Financial or a customer specified source.
  • The library is integrated with Python and can be accessed through Jupyter notebooks.

Portfolio Management

The portfolio management module is a highly configurable system that tracks real time P&L, exposures, and risk attributes. It  enables users to see where their alpha is being generated and where their risks are.  This module includes the following services

Book Monitor Services:

Designed to provide portfolio managers with a flexible way to visualize their business. This visualization is enabled by our Bookmon user interface or by a collection of our mobility tiles.  Book Monitor features include

  • Enhanced PM awareness to multiple live risk metrics by monitoring of three different beta exposures.
  • One-click functionality allows position level details to be exported to Excel.
  • Chart viewing capabilities provide graphical daily P&L and overlays and daily SPX movements.
  • Intraday P&L can be calculated from any start and end time the user requires.
  • Users can monitor portfolios at a firm level, a portfolio level, a strategy level or a position level.
  • Displays individual security trade history over any selected period.
  • On-the-fly ability to monitor and sort portfolio by almost any field in the database including selected risk measure: sector, industry or sub-industry group, market cap, etc.
  • Puts portfolio information at the user's fingertips by allowing them to sort and filter on any column in the database including things like market cap and selected risk measures such as sector industry or sub-industry group.
  • Users can create new configurable portfolio strategies.
  • Automatically generates intraday and end of day email summaries for portfolio managers who are out of the office.