EGAR FOCUS is a modular, fully integrated position keeping system with pricing, reporting and risk management features supporting trading of over-the-counter and exchange-traded derivatives. EGAR FOCUS is one of the few comprehensive system solutions for the FX, equity, fixed income/interest rate, money market, metals, energy and commodity derivatives markets.

FOCUS is also one of the most cost-effective system solutions available because you need only license those modules that support specific areas of your business. Each module either covers different markets and instruments and has full position-keeping, risk management and back-office functionality or is designed to support functional areas of the business such as middle-office, collateral and margin management, web trading, etc. This helps a wide range of businesses with differing requirements manage their entire trading activity, with uniform user interfaces, a common database, aggregated portfolios, among other features.

EGAR FOCUS MODULES

FOCUS Foreign Exchange

FOCUS FX module provides a comprehensive front-to-back trading and risk management solution for managing portfolios of both over-the-counter and exchange-traded FX instruments (FX spot/forwards, FX Swaps, FX Futures, FX Baskets, FX EFP) as well as offers FX Margin Trading features. Yield curves can be constructed by blending futures, repos, swaps, bills and spread prices for comprehensive and precise pricing and risk analysis. Ideal for banks and broker/dealers for managing position of their own desk as well as for customers.

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FOCUS FX Options

FOCUS FX Options module is ideally suited for trading and pricing a wide range of FX options structures and contracts. Contained within this module is a variety of option pricing models able to price an assortment of plain-vanilla and exotic options (including barrier, digital, touch, range, average rate, fwd start, compound, etc). Included with the traditional Black-Scholes and Cox-Ross-Rubinstein models are models such as the Finite Difference pricing model, which allows users to evaluate multiple volatilities and interest rates in the pricing of options. The system offers pricing and rate-keeping facilities for all exotic options as well as currency baskets and options on them. In addition, the options calculator supports the pricing of multi-leg strategies so users can construct their own custom packages of options and price them accordingly. Deal entry and position keeping are easy via an efficient trade blotter or deal capture from the options calculator.

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FOCUS Equities and Equity Derivatives

FOCUS Equities and Equity Derivatives module is a comprehensive position-keeping and risk management solution for tracking portfolios of cash equities, indices, equity baskets and equity derivatives (equity OTC options, equity futures, equity exchange traded options). The module offers an array of features to price, analyze and manage plain vanilla as well as exotic options within multi-currency equity portfolios. The module allows users to compare option-pricing results of several methodologies. The traditional Black-Scholes formula and the Cox-Ross-Rubinstein Binomial Model might be adequate to handle relatively standard applications, but power users can also evaluate more complex strategies with the Finite Difference model. As with all modules, the equity module can be configured as a stand-alone system and has an easy-to-use deal-capture and position-keeping blotter.

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FOCUS Interest Rates and Money Market

FOCUS Interest Rate and Money Market module enables bank and corporate treasury to manage a variety of interest rate derivatives and money market/cash instruments such us IR Swaps, loans, deposits, etc. Full middle and back office functionality allows for instrument management, resets, event management, settlements, payments and reporting. The module covers interest rate and cross-currency swaps, compounding swaps, basis swaps, and supports all basic swap structures including bullet, amortizing, accreting, roller-coaster, zero-coupon and forward start swaps. The module offers multiple holiday calendars, user-defined indices and other options

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FOCUS Base Metals/LME

FOCUS Base Metals module provides a complete pricing, deal capture, position keeping and risk management system for tracking portfolios of both exchange. traded and over-the-counter base metal cash, futures and option contracts. Our coverage of metals is so comprehensive that we have provided system solutions for virtually every type of participant in the metals markets. This module can price all structured contracts on LME and other exchanges by employing an advanced pricing curve using prompt dates. The system offers pricing and position keeping for Asian (average rate) options and many other exotic options like barrier, digital, touch, range, etc. Another feature is a separate “strip pricing” page for analyzing and managing strips of options. Advanced option pricing features such as the Finite Difference option-pricing model are also included. The options calculator supports multi-leg strategies for users who construct and evaluate packages of options. Deal entry and position keeping are easy via an efficient trade-entry blotter.

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FOCUS Metals Physicals

FOCUS Metals Physicals module is one of the newest additions to the FOCUS lineup. It provides complete functionality for a physicals desk to trade and manage their metals inventory, including multiple grades and vareties of metal, multiple locations, warehouses and refinaries as well as multiple agreements. FOCUS can provide a complete solution for all the aspects of the metals trading operation

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FOCUS Precious Metals

FOCUS Precious Metals module is a comprehensive intraday pricing, deal capture, position-keeping and risk management system for tracking portfolios of both exchange-traded and over-the-counter precious metal spot/forwards, leases, futures and option contracts. The module allows users to value options from pricing curves derived from a strip of precious metal futures contracts or lease rates. It supports a complete volatility surface for pricing options. The system offers pricing and position keeping for all exotic options as well as metal loans, leases and lease rate swaps. The module also offers a Finite Difference option-pricing model, which allows evaluating multiple volatilities and interest rates when pricing options

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FOCUS Soft Commodities

FOCUS Soft Commodities module is a complete pricing, deal capture, position keeping and risk management system for tracking portfolios of both exchange-traded and over-the-counter agricultural cash, futures and options contracts. The module provides users the ability to define pricing curves derived from a strip of futures contracts or forward points, which can be interpolated using a step-up function between data points. It supports a complete analysis of volatility surfaces for options pricing. The system offers pricing and position keeping for an extensive range of agricultural swaps, including any type of custom average for the floating side of the swap. Users can generate flexible swap schedules, which support different settlement dates and amounts, so that users can create totally customizable swaps. The Baskets Manager enables creation of basket and spread contracts and swaps and options on them. Our options model for baskets uses sophisticated mathematical formulas to account for the non-normality of distributions of baskets and spreads. Exotic options include asian, barrier, digital, touch, etc options.

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FOCUS Energy and Energy Derivatives

FOCUS Energy and Energy Derivatives module provides a comprehensive position-keeping and risk management solution for tracking portfolios of NYMEX, IPE, SIMEX, etc. exchange-traded energy futures and options contracts including crude oil, natural gas, heating oil, unleaded gas and energy derivatives. The module also offers an array of features to price, analyze and manage basis swaps, fixed/float swaps, and vanilla/exotic options (including asian, barrier, digital, touch, etc) within multi-currency portfolios. Users can generate flexible swap schedules, which support different settlement dates and amounts to create totally customizable swaps. The Baskets Manager enables the creation of basket and spread contracts and swaps and options on them. Our options model for baskets uses sophisticated mathematical formulas to account for the non-normality of distributions of baskets and spreads. Exotic options include asian, barrier, digital, touch, etc options.

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FOCUS Fixed Income

FOCUS Fixed Income module is a comprehensive trading and risk management system for fixed-income securities and derivatives. Fixed Income extensive coverage of emerging markets debt makes it an ideal system for trading operations in emerging market debt instruments as well as G7 Treasuries, corporate bonds and exchange-traded futures and options. Instrument Definition features allow the users to define any fixed-income instrument directly into the system, including collateral, rolling interest, amortization and uneven coupon periods bond features

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EGAR recognizes that customer's may still have additional needs so we allow for extensive customization to match your specific requirements. Our approach, rare in this market, allows EGAR to offer the broadest, most cost-effective solution and provide extraordinary customer support.

FOCUS can be configured as a solution for a variety of environments, such as full front to back STP trading solution; Front office trading solution; Bank or corporate treasury solution; Margin trading solution etc. - making it suitable for all types and sizes of institutions.

EGAR Focus is currently being used in various types and sizes of institutions, ranging from banks to hedge funds, corporations and broker/dealers. In just about every case we have provided integration services as well as custom utilities to feed data in and out of Focus.