Overview
EGAR ASP represents a powerful, real-time, web-based solution delivering affordable, customizable and scalable platform for the screen based trading and risk management of the Exchange traded and OTC derivatives. The flexibility of EGAR ASP plus advanced knowledge and expertise in technology and finance consolidated in one system produce major benefits for the institutional investors such us hedge funds, investment banks and trading companies, and enables them to create the most cost effective solution to address their expanding needs.

	No more year-long implementations, lost time and wasted license fees, maintenance and upgrades hassle! With EGAR ASP solution investors can now access their trading and risk management platform from any location globally with no additional software, no dedicated hardware, and no special maintenance needed. Internet connection is the only requirement for running!

Markets and Products
EGAR ASP brings exceptional depth of markets coverage, the range is as broad as:

• Equities
• Foreign Exchange
• Precious Metals
• Base Metals
• Soft Commodities
• Energy
• SOX and NOX emissions
• Money Market
• Fixed Income
• Interest Rate

Within each market the system offers a wide series of products, providing for the entire set of position keeping and risk management functions. To name them all:

• Spot, forwards & Swaps
• OTC Options - vanilla & variety of exotics including asian, barrier, digital, touch, compound and many others
• Exchange Traded Futures and Options
• Strips of options
• Structured deals and multileg strategies
• Basis spreads: swaps and options on spreads
• Baskets: swaps and options on baskets
• EFP
• Leases
• Bonds, Bills, notes, emerging debt & repos
• Interest Rate Futures, options, swaps
• Money Market deposits and loans

Key features

Trading and Position Management
EGAR ASP trading features combine easy to use trading tools, intuitive market data management, powerful position keeping features and flexible reporting

• The deal entry is integrated, allowing easy navigation from one product or market deal entry screen to another. Deal entry layout is user configurable and supports user defined fields.
• In addition to the manual entry of your trades, or loading trade files throughout the day, we offer an automated Real Time Trade Feed service. We can accept a trade feed from the major clearing firms so that your positions and risks are updated automatically throughout the trading day. With your approval, we can receive a copy of your trade activity, and automatically update your position within our system. We currently support Merrill Pro/Sage, O’Connor, and FOC (Redi Fix) and this list constantly grows.
• Sending orders to the brokerage and routing systems and monitoring the execution progress is available, as well as performing End-Of-Day positions reconciliation with the clearing firms
• Risk blotters and position blotters show real-time positions and risk with all necessary “greeks.”
• Integrated Quotes View being populated with the Real-Time market data feed delivers live quotes, “greeks” and implied volatilities, enables to open multiple quotes screens simultaneously, as well as see Options, futures, future options chains along with the quotes, market implied vols, Theo Option Prices and Greeks
• Market data management is easy and specific to markets. For example, lease rates for precious metals, step up curves for energy products, complex yield curve builder for interest rate derivatives, etc. Several different types and interpolations of volatility surfaces are supported.
• The system incorporates a large set of position keeping and trading reports, displaying positions, market values, consolidated current and historical P/L across all the desks. The reports are easily sortable and filterable, users can construct their own views by selecting the desired details, applying necessary grouping, adding totals, etc thus having possibility to see summarized figures as well as breakdowns to the level of counterpart, trader, instrument, as well as individual trade

Risk Management
EGAR ASP provides consistent pricing across all markets and products, sophisticated models and a full array of risk and “greeks” monitoring enables traders to manage their portfolios with ease and efficiency. The system incorporates full featured derivative pricing calculators with immediate deal capture. Using these it is easy to price and evaluate single, structured or “strips” of deals.

• WHAT- IF and Stress Scenarios based on Price/Volatility/Time/Interest Rate simulations. Either parallel or correlated stress testing for market movement. User can define custom and flexible scenarios of parameters moves in percent, basis points, standard deviations, etc
• Weighted Vega Shift for Volatility simulations for adjusting to different Vega exposures
• Topography risk view, greeks allocation among expirations allow you to track risk exposure and run gap analysis
  
  
  

• Powerful Options calculators to price plain vanilla options as well as multiple exotics using different models. 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. The options calculator supports the pricing of multi-leg strategies so users can construct their own custom packages of options and price them accordingly
• VAR calculations and reporting is available
• The system allows to optimize Delta and Vega hedging of any custom risk group against indices and other underlyings, providing the optimal solution to reduce VAR of portfolios and sub portfolios. It uses correlation based analysis of true Vega and Delta exposure, rather then non correlated Vega and Delta, for the most accurate data.

Middle / Back Office
While the front office is where it all originates, the middle office is where it all comes together. EGAR ASP provides a common data center for managing all static data such as counterpart information, credit limits, margin settings, a full security master, payment instructions and legal documentation.

The back office part allows full control and monitoring of deal status from confirmation to settlement. It provides sophisticated payments and netting manager to process cash flows. Well formatted, professional statements and reports can be produced on a regular basis and automatically emailed to customers. Full cash management reporting and management is supported, including balance of payments, cash flow projections, etc.

The system provides on screen confirmations, ability to cancel/correct or edit trades, generate deal tickets, customer invoices, legal and ISDA confirmations and full event management for trade processing and settlement.

For more information on EGAR ASP, please email EGAR-ASP@egartech.com or call 917-607-1200 and 866-400-EGAR(3427)