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.
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.
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.
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.
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.
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.
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:
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.
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.
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
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.
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.
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.
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.
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:
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.
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.
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.