DeRisk 3.1

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Note: The following information has not been updated by the vendor since 09/19/06.

Address:	12 Tidel Park, Taramani
	Chennai, TN 600113
Phone # for sales:	914422542007
Fax:	914422542002
Website:	www.californiasw.com
Click link to request additional product information.
E-mail address:	sudhakarg@calsoft.co.in

CATEGORY: TRADING SYSTEMS

Trading System Features TOP

Name of trading system: DeRisk 3.1

Price of product: On request

Brief description of trading system:

DeRisk is a comprehensive solution for commodities trading firms providing trading and risk reporting functionality across the supply chain. It helps manage physical and derivative trades. Designed for traders who are at the heart of the trading cycle, it helps manage physical and derivative trades. It has an easy-to-use interface for deal capture, deal confirmation and contract generation. Deal types supported include spot physical deals, term contracts and derivative deals like futures, swaps and options, in several flavors. DeRisk's Trader Desktop gives the trader a control panel, summarizing his positions, limits, contacts and market quotes in one screen. Managers monitor company wide risk exposure through queries, reports and business alerts. It allows managers to view company-wise and trader-wise exposure through queries and reports in real time. It supports trader credit limits and counterparty credit limits. System generated alerts are sent to managers if credit limits are exceeded. Trading activities are streamlined by integrating with support function applications like Operations, Inventory, Accounting and Enterprise Risk Management. Physical Deals DeRisk supports capture, confirmation, contract generation and matching of physical deals. Deal information is also exported to other systems like Operations and Accounting using pre-built adapters. DeRisk supports both spot deals and term contracts. Spot deals have features like multiple index formula pricing and secondary cost capture. In addition to these, term contracts have features like Multiple deals spread over a term Total term quantity Minimum lifting quantity per deal Multiple formula options Paper Deals DeRisk supports capture, confirmation and contract generation of different types of paper deals. P/L or MTM of the deal are evaluated using daily market price imports. DeRisk handles settlement and exports the settlement details to Accounting systems. Futures deals - DeRisk supports standard contracts from exchanges. Swap deals - DeRisk supports plain vanilla swap as well as basis swaps. Option Deals - DeRisk handles Asian options, European options and American options. Managing Strategies DeRisk allows setup of strategies, a collection of deals related by a common hedging or speculative need. DeRisk reports P/L by strategy, allowing traders to gauge the effectiveness of each strategy. A strategy could contain either a physical deal and associated hedges or a group of paper deals. Deals can be transferred from one strategy to another. In addition to these, traders can also designate certain deals or strategies as favorites. Matching Deals Buy and sell deals for the same commodity can be matched. DeRisk also supports cross-commodity matching within a strategy. Matched amounts are netted and the remaining quantity is open for matching. Matched profitability can be seen through matched deals report. Evaluation DeRisk evaluates and monitors risks with respect to price, commodities, counterparts and traders. It records event dates and costs for evaluating price, MTM and P/L. Events typically tracked include Bill of Lading, Notice of Readiness and Date of Delivery; while typical costs include brokerage, demurrage, inspection and freight. Deals are settled based on final price, payment terms and costs. DeRisk reports on various types of risks including: Financial Risk based on Market prices for spot and forward curves Volumetric Risk based on net buy/sell positions Counterpart Risk based on the Maximum Allowable exposure or Counterpart Limit and the counterpart's payment history Trader Risk based on Maximum Allowable exposure or Trader Limit and the trader's current MTM or Profit Loss DeRisk has programmable system generated alerts to inform users when limits are exceeded. Risk is aggregated by index, trader, and location. Risk is communicated to the user via reports, displays, alerts, and exported to other systems. Key Benefits: - Easy to use Interface All deal data in single screen with multiple tabs Lookups for key data - Extensive Reporting Capabilities Volumetric risk (position) reports showing total, priced and unpriced amounts Financial risk reports showing P/L, MTM and Total Value Delta P/L reports showing day change, week change, month change and year change Management reports by company - both position and financial Settlement Reports showing both summary and detail Match reports - for deals and inventory Credit reports - trader-wise and counterpart-wise Internal company and joint venture company reports Inventory reports - both position and financial

This trading system is: Proprietary

This system includes the following features:

Alerts
Trading signals

Back testing allowed: No

Built-in indicators are available:

Commodity selection index
Computer-generated strategies
Customize and edit formulas
Daily volume indicator
Futures system testing
Risk measurements (e.g., delta, gamma)
Spreads
System tracking

A user can adjust the parameters for the indicators listed above: Yes

Can user write custom system/indicator/function without using the pre-packaged systems/indicators/functions?: Yes

The trading system is: A stand alone application.

Additional application required (if needed, eg. Excel, TradeStation, MetaStock): N/A

Support TOP

Types of customer support offered:

24 hour customer service
Training manuals
Tutorials and examples
Live technical support

Consultants are available with experience programming this system: Yes

Data and Markets Followed TOP

Types of data feeds this trading system accepts:

Primark SpeedFeed

This system is limited to these markets:

Options
Commodities

Reporting capabilities:

Profit/loss
Number of trades
Consecutive winning/losing trades
Uses TradeStation report outputs
Trade by trade listing
Graphic display of trades
Position sizing/money management

Optimization TOP

Able to optimize the systems used or created: Yes

Special Features TOP

Best features of this trading system package:

Spot deals have features like Multiple index formula pricing with Multiple date options, Multiple holiday calendars, Multiple holiday treatment options, Secondary Cost Capture. In addition to these features, term contracts have the following additional features: Multiple deals spread over a term, Total term quantity, Minimum lifting quantity per deal, Multiple formula options. For Paper Deals: DeRisk supports capture, confirmation contract generation and matching of different types of paper deals. P/L or MTM of the deal are evaluated using daily market price imports. DeRisk handles settlement and exports the settlement details to Accounting systems through pre-built adapters. Futures deals - DeRisk supports standard contracts from exchanges. Swap deals - DeRisk supports plain vanilla swaps as well as basis swaps. Option Deals - DeRisk handles Asian options, European options and American options.

This product is ahead of competing products for these reasons:

Optimal Cost. Effective and efficient Trading Risk monitoring Solution. Various departments seamlessly integrated. Quick ROI.

These upgrades are planned for this software package:

Multicurrency Support. VaR. What-if-Analysis.

Studies have been done on the performance of this trading system in the newsletter Futures Truth: Yes