Case Study

Intraday Counterparty Limit Monitoring

About the company

Hedge funds utilize multiple counterparties as prime brokers to trade, finance and clear their assets within a defined risk exposure (e.g. gross notional basis, gross market value, DV01 and VAR). Managing multiple counterparties' risk exposure in real-time is complicated and challenging.

Challenge

Create a frontend that aggregates and displays limits across different prime brokers with disparate systems for traders who currently have no vision into limit status.

Solution

3forge has produced a real-time intraday limit dashboard which allows traders & risk teams to monitor trading limits, notional, margin & risk exposure per counterparty. It provides alerting via text, email, pop-up, sound, and more, informing users when the firm is near its limit with a specific prime broker.

Benefits

3forge allows firms to build applications very quickly. It easily plugs into multiple data sources (DBs, pricing feeds, OMS∕EMS∕PMSs, risk systems)

  • Virtualizing, aggregating and visualizing real-time & static information in a consolidated dashboard
  • Initiating workflows, alerts, drill downs and provide more sophisticated analysis

3forge Solutions

The client was able to resolve their requirements with the following capabilities:

Real-Time Triggers

The system included built-in triggers for various events such as new transaction arrivals and match identifications, along with timers for periodic reports and dashboard updates.
Customizeable Dashboards

The platform's dashboard capabilities allowed users to easily display relationships between datasets and navigate between multiple views.

Download Full Case Study