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.
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:
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 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:
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.