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Trading
Activity Report
ACTREPT is a complete daily audit trail of
trades that have been entered, deleted, modified, abandoned or declared for that
day's business. All trades for a given product are shown by delivery month and
within price sequence. Also shown is the commission charged and which broker the
trade was dealt through. Each product term is then totalled giving the number of
lots and also the contract values which can be reconciled with exchange reports.
ACTREPT is available in any one of four formats
which can be selected by the user: |
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Product - Term order |
Deal Number order |
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Account - Product - Term order |
All of the above |
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Client
Detailed Open Position
EQUITY details all open positions within
product date and price order and values them against the closing prices.
It also works out the deposit requirements, forward commissions, details
of option premiums, declaration dates, net position and average bought and
sold prices, value at risk.
In calculating deposit requirements the specific mathematical
algorithms for that particular exchange are used in accordance with the exchange
rules. Detailed strategy breakdowns for futures versus options, options versus
option and inter-product spreads are detailed after each product and totalled
at the end of the equity report.
The opening ledger balance is shown followed by any fiscal
entries such as cash/journal entries, followed by settlements showing trade details
and commissions charged, bringing forward a new ledger balance. Total variation
margins for futures and options are then added or subtracted to produce an equity
figure. Forward commissions and deposits are then deducted to produce a net
equity figure.
A detailed report is created for the back office as well as
a summary for the dealing desk. As CADRE is a real time system, amended trade
or price corrections can be done instantaneously and new equity reports produced
as and when needed. |
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Fiscal
Entries Audit Trail
FSEND is a complete daily audit trail of all
fiscal entries for that day's business broken down by currency. All fiscal entries
are shown in account order and are also split between cash paid, cash received,
journals, settlements, option prerniums, securities and all adjustrnents to these.
All fiscal entries balance back to zero and can be easily reconciled with the
totals produced by the financial control totals report, produced daily. |
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Trade
Valuation Report
This report displays each product within term and option strike
price, splitting settlements between brokers and clients and values all open
positions, splitting open trade equity between brokers and clients.
By taking the constituent parts, XONTROL
reports should balance to zero for each product term. Should a position be altered
incorrectly then the report will highlight the discrepancy at that particular
product and term. |
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Option &
FOREX Declarations
DECLPRMT shows details of all options traded
that are due to be declared within the next seven working days as well as all
FOREX and LME metals due for delivery within
the same time scale.
End of day audit trail report.
Data that has been altered by any of
CADRE's maintenance programs is listed by the ENDDAY
report.
Net positions by account.
BCNET is produced in product/account order
listing net positions in each product/term for a rapid overview of accounts
net positions in any product. |
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Client
Segregation - FSA RULE 18
Client segregation is calculated to the exact specifications
of the FSA. A daily report is automatically produced showing in detail all s
egregated client, brokers and bank accounts producing a net figure in your base
currency. It is also produced for all non-segregated accounts. |
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Daily
Financial Control Totals
XCTLSUMM produces a summarized report
detailing the day's activity which is divided into four categories by
currency - client, house, broker and ledger. Under these four sections
are listed the respective debit, credit and net columns for settlements,
option premiums, foreign exchange, commissions, exchange fees, VAT, cash,
journals. The summation of these make up the clients, house, broker, ledger
accounts ledger balances. Directly below ledger balances are normal margins,
option margins, foreign exchange margins, forward commission on futures
open, initial margins, securities held and finally, producing a net figure
for each category. |
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Daily
Interest Calculations
The INTCALC report shows on a daily basis
each day's calculation of interest by account and within currency. Details
of client's ledger balance, variation margin, initial margin and interest
rates applied each day are displayed on the INTCALC report. |
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Commission
Report
CADRE facilitates the posting of commissions
for selected accounts to a currency different to the currency the products
are in. The commission report also allows for selected accounts to be debited
on a half turn basis i.e. debiting the commission on the date of the trade.
Other comprehensive features include detailing source of commission,
splitting futures from options, reporting number of lots and commissions
earned by product and account. |
