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The LightPoint Core product is at the heart of all of our solutions for our customers. It is a highly modular system where each module is composed of a collection of services that can be configured to meet our customers needs.
Order Execution Management
Order Execution Management
This module allows portfolio managers and traders to easily stage and execute order with a few mouse clicks across a wide range of asset classes. 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 volume trading. This module includes the following types of services.:
Are designed to streamline and manage pre-trade order workflow by allowing each PM and trader to configure their own unique environment. Trade Ticket features include:
- Connectivity to over 200 executing brokers via direct FIX connections.
- Support for all global listed products.
- Trade anywhere with our mobile and thin client trade tickets.
- Eliminates re-work using integrated pre-trade risk, guidelines, and compliance checks.
- Converts local currency orders to USD.
- Supports intuitive hot key functionality fore quicker order entry times.
- Supports multiple PM teams and accounts.
- Each user can configure their own environment.
Are designed to allow portfolio managers with a real-time view of the order/trade lifecycle from pending to working to complete.. PM Blotter features include:
- Configurable workflow that monitors and enforces all pre-trade risk and compliance rules with the capabilities of managing multiple and difference parameters.
- Configurable allocation rules for pre-trade allocations processing.
- Manages the complete lifecycle of an order from its origination to its completion.
- Maintains the lifecycle attributes of good until canceled orders.
- Monitors an 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.
Are designed to provide portfolio managers, traders, and management with the ability to actively manage fund exposure and portfolio rebalancing in real time.. List Trader features include:
- Provides PMs, trading desk, and management with the ability to actively manage fund exposure.
- Allows for trading of entire or partial book from a single destination, which allows individual books to can 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. Security Master Services
Are designed to manage the reference data that is associated with products that our customers use to trade. Security Master features include:
- A dedicated security master is provided 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
Compliance Management
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 modules features include:
- Coverage for many of the common regulatory rules in the North America and Europe.
- Facilitates operations and compliance to monitor pre-trade approvals, trades, positions, trade rejections, manual overrides, and positions 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 sets alerts for ownership levels of a given security at a percentage level by country.
- Can export standardize administrator data into Form PF reporting template.
- Allows for quick amendments to the restricted list and tracks the history of the lists changes.
- Displays number of related securities when adding or deleting names.
- Ability to track both executed quantities as well as ordered quantities.
- Positions are tracked by fund and portfolio to ensure order ticket marking accuracy.
- List view of all current transactions in the compliance engine.
- Provides the ability to override names on the restricted list for an individual Portfolio.
- Ability to monitor all rejected transaction requests.
- Audit trails capture the time of trade rejection and reason for the trade rejection.
- 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.
Portfolio Management
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:
These services support firms that want to use a centralized execution desk for trading. Desk Blotter features include:
- Built-In center book replication strategy.
- Support for parent child trade logic.
- Trades are time-stamped for arrival price and arrival volume.
- Monitors the time that an order is pending to ensure timely execution.
Risk Management
Risk Management
Our risk management module allows portfolio managers and risk managers to manage the risks that are associated with our customers trading activity. Optional modules are offered for firms that require factor analysis or VaR.
These services support firms that want to use a centralized execution desk for trading. Desk Blotter features include:
- Built-In center book replication strategy.
- Support for parent child trade logic.
- Trades are time-stamped for arrival price and arrival volume.
- Monitors the time that an order is pending to ensure timely execution.
These services support the workflow that is associated with assigning costs that are associated with a given trade. This can include things like broker fees, taxes and commissions.. Operations Blotter features include:
- 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.
- Can automatically create a security master record at trade time if one does not exist. This allows traders to trade and minimizes manual entry by operations people.
These services provide a single portal that can be used to access to all risk user interfaces. It permits approved users to monitor, override and update risk systems and processes.. Some features include:
- 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 guidelines violations.
- Defining exceptions that can be based on days, performance, or other risk metrics.
- Provides the ability to incorporate a portfolio managers 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.
These services allow the risk manager to analyze and assign risk across various the portfolio structures that have been created in the system. Some features include:
- 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 report writing.
- 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 portfolio or compare trends for different factors across different portfolios.
Portfolio Accounting
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 customers business.
These services support firms that want to use a centralized execution desk for trading. Desk Blotter features include:
- Built-In center book replication strategy.
- Support for parent child trade logic.
- Trades are time-stamped for arrival price and arrival volume.
- Monitors the time that an order is pending to ensure timely execution.
These services support the workflow that is associated with assigning costs that are associated with a given trade. This can include things like broker fees, taxes and commissions.. Operations Blotter features include:
- 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.
- Can automatically create a security master record at trade time if one does not exist. This allows traders to trade and minimizes manual entry by operations people.
Operations Management
Operations Management
The Operations Management module provides a variety of services that includes the workflow associated with system administration, asset servicing and middle office operations management. This module includes the following types of services:
These services automate the portfolio accounting process . Some features include:
- 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 provide 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 allocated, 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.
These services provide standard reports as well as the ability for users to generate custom reports easily from either their workstation or a tablet or mobile device. Some features include:
- 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 managers 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 API’s 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 users’ needs.
- All reports and dashboards are available in a browser or on mobile devices.
- Exporting data to screen shots or to Excel is simple and straightforward.
These services automate the asset servicing workflows for all of the assets Cash and Derivative assets in the system such as Equities, Fixed Income, Credit, Commodities, FX, and Bank Debt. Some features include:
- Multi-currency support for asset servicing.
- Automatically computes bond amortization and accretion.
- Computes interest income/expense for collateral balances.
- Processes Bank Debt asset events such as interest payments.
These services control the permissioning of devices and control the permissioning of the application itself by restricting what data each user can see.. Some features include:
- Provides a platform to manage application administration, grant user permissions to various applications, run applications on demand, and monitor the success or failure of various processes.
- Permissions can be granted to an application group with one or more users or access can be granted to a particular user for one or more applications.
- The interface allows for managing devices such as iPads and iPhones.
- Provides an interface to add, update employee information such as Bloomberg UUID, email, and phone.
