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HomeProductsEGAR Focus trading and risk management platform

EGAR Focus - trading and risk management platform


Your success in Trading, Asset Management and Risk Management requires quantitative insight, efficient execution and, most important, an integrated, flexible technology infrastructure. EGAR Technologys product offerings for trading, risk management, operations and control are built for you. With EGARs systems, you will quickly consolidate information across your enterprise, support more of your business units, and manage your business more effectively.

EGAR Focus provides straight through processing systems to meet the needs of multiple operational units from different front office trading desks, to complete support of middle and back office operations across multiple business units.

EGAR Focus is a modular, fully integrated position keeping system with pricing, reporting, asset and risk management features supporting trading of over-the-counter and exchange-traded derivatives.

Focus is one of the few comprehensive system solutions for the FX, equity, fixed income/interest rate, money market, metals, energy and commodity derivatives markets. It is also known as one of the most cost-effective system solutions available because you need to only license those modules that support specific areas of your business. Each module either covers different markets and instruments and has full position-keeping and risk management functionality or is designed to support functional areas of the business such as the middle office, collateral and margin management, internet trading, etc. This helps a wide range of businesses with differing requirements to manage their entire trading activity, with uniform user interfaces, a common database, aggregated portfolios, among other features. And since EGAR recognizes that customers may still have additional needs, we allow for extensive customization to match your specific requirements. Our approach allows EGAR Technology to offer the broadest, most cost-effective solution and provide different levels of support to meet the needs of business.

EGAR Technologys vision of Focus is to offer technology across three dimensions of the capital markets across all markets and products; across all business operations and across all sizes of financial institutions.


Market coverage and features
Base Metals/LME Focus system provides a complete pricing, deal capture, position keeping and risk management system for tracking portfolios of both exchange traded and over-the-counter base metal cash, futures and option contracts. Our coverage of metals is so comprehensive that we have provided system solutions for virtually every type of participant in the metals markets. This module can price all structured contracts on LME and other exchanges by employing an advanced pricing curve using prompt dates. The system offers pricing and position keeping for asian (average rate) options and many other exotic options like barrier, digital, touch, range, etc. Another feature is a separate "strip pricing" page for analyzing and managing strips of options. Advanced option pricing features such as the Finite Difference option-pricing model are also included. The options calculator supports multi-leg strategies for users who construct and evaluate packages of options. Deal entry and position keeping are easy via an efficient trade-entry blotter.
Metals Physicals FOCUS provides complete functionality for a physicals desk to trade and manage their metals inventory, including multiple grades and varieties of metal, multiple locations, warehouses and refineries as well as multiple agreements. FOCUS can provide a complete solution for all the aspects of the metals trading operation.
Precious Metals FOCUS is a comprehensive intraday pricing, deal capture, position-keeping and risk management system for tracking portfolios of both exchange-traded and over-the-counter precious metal spot/forwards, leases, futures and option contracts. The module allows users to value options from the pricing curves derived from a strip of precious metal futures contracts or lease rates. It supports a complete volatility surface for pricing options. The system offers pricing and position keeping for all exotic options as well as metal loans, leases and lease rate swaps. The module also offers a Finite Difference option-pricing model, which allows evaluating multiple volatilities and interest rates when pricing the options.
Soft Commodities FOCUS is a complete pricing, deal capture, position keeping and risk management system for tracking portfolios of both exchange-traded and over-the-counter agricultural cash, futures and options contracts. The module provides users the ability to define the pricing curves derived from a strip of futures contracts or forward points, which can be interpolated using a step-up function between data points. It supports a complete analysis of volatility surfaces for options pricing. The system offers the pricing and position keeping for an extensive range of agricultural swaps, including any type of custom average for the floating side of the swap. Users can generate flexible swap schedules, which support different settlement dates and amounts, so that users can create totally customizable swaps. The Baskets Manager enables the creation of basket and spread contracts and swaps and options on them. Our options model for baskets uses sophisticated mathematical formulas to account for the non-normality of distributions of baskets and spreads. Exotic options include asian, barrier, digital, touch, etc. options.
Energy Commodities FOCUS provides a comprehensive position-keeping and risk management solution for tracking portfolios of NYMEX, IPE, SIMEX, etc. exchange-traded energy futures and options contracts including crude oil, natural gas, heating oil, unleaded gas and energy derivatives. The module also offers an array of features to price, analyze and manage basis swaps, fixed/float swaps, and vanilla/exotic options (including Asian, barrier, digital, touch, etc.) within multi-currency portfolios. Users can generate flexible swap schedules, which support different settlement dates and amounts to create totally customizable swaps. The Baskets Manager enables the creation of basket and spread contracts and swaps and options on them. Our options model for baskets uses sophisticated mathematical formulas to account for the non-normality of distributions of baskets and spreads. Exotic options include asian, barrier, digital, touch, etc. options.
FX Options FOCUS is ideally suited for trading and pricing a wide range of FX options structures and contracts. Contained within this module is a variety of option pricing models which are able to price an assortment of plain-vanilla and exotic options (including barrier, digital, touch, range, average rate, fwd start, compound, etc.). Included with the traditional Black-Scholes and Cox-Ross-Rubinstein models are models such as the Finite Difference pricing model, which allows users to evaluate multiple volatilities and interest rates in the pricing of options. The system offers pricing and rate-keeping facilities for all the exotic options as well as currency baskets and options on them. In addition, the options calculator supports the pricing of multi-leg strategies so users can construct their own custom packages of options and price them accordingly. Deal entry and position keeping are easy via an efficient trade blotter or deal capture from the options calculator.
Foreign Exchange FOCUS provides a comprehensive front-to-back trading and risk management solution for managing the portfolios of FX instruments (FX spot/forwards, FX Swaps, etc.). Ideal for banks and broker/dealers for managing position of their own desk as well as for the customers. The system delivers a wide range of positions, P&L, balances and cash flow reporting.
Money Market FOCUS enables to manage a variety of interest rate derivatives and money market instruments, including interbank and customer deposits, loans, interest rate and cross currency swaps, etc. The system provides sophisticated reporting on transactions, positions and P&L, cash flows and balances.
Equities FOCUS offers an array of features for managing trading on the stock market and tracking portfolios of cash equities and indices, The system supports manual input of the trades and market data as well as real-time download from external e-trading systems both on exchange and over-the-counter markets.
Fixed Income FOCUS delivers a comprehensive position keeping and risk management solution for fixed income securities. The system offers extensive coverage of instruments including coupon, discounting, amortizing, capitalized, etc. bonds. Instrument Definition features allow the users to define any fixed income security, including coupon schedule, uneven periods, amortization and other bond features. Open date and fixed direct/reverse REPO transactions are also supported.
IRS & CCS (Interest Rate Swap & Cross Currency Swap) FOCUS covers Interest Rate & Cross Currency Swap operations in full compliance with ISDA definitions and requirements. The system supports multiple modes of interest resets and rate fixing, various types of payments, offers flexible events schedule, full events management and reporting.
OTC Options FOCUS supports forward contracts and variety of OTC options on FX, equity and commodity markets, including plain vanilla options and multiple exotics (barrier, digital, touch, asian, etc.). The system offers powerful pricing analytics and tools such as option and multi-leg strategy calculators, which enable to price standard (straddle, strangle, spread, etc.) and user-defined strategies. Full deal capture functionality and position keeping reporting is available.
HARPY Option Calculator provides powerful and flexible tool to price vanilla and exotic options and popular strategies. Offers implied calculations and charting, includes Pay Off constructor to build and price options with complex pay off function using Monte Carlo simulations.
Exchange Traded Derivatives FOCUS supports multiple exchange traded derivatives including:
  • FX futures and options;
  • Fixed income and equity futures and options;
  • Options and futures on commodity market;
  • Interest rates futures;
  • Index futures;
  • Futures on a baskets
The system offers full position and P&L reporting , variation margin calculations, risk control: current margin level and margin requirements calculations, interest rate risk for bond and IR futures, etc. Full back-office processing is supported.
CDS (Credit Default Swaps) FOCUS offers a comprehensive solution to capture and price CDS deals and hedging strategies. The system supports standard CDS contracts in compliance with ISDA definitions as well as custom contracts. Powerful CDS calculator tool comes as a part of the module. Full position keeping and P&L reporting is available.
Treasury operations FOCUS enables to monitor daily payment position and build payment calendar to track short-term and medium-term liquidity. The system automates the process of portfolios funding from entry of funding orders to calculation of borrowed resources cost. It enables to maintain multiple funding models using custom parameters. Full funding management reporting is available.
OTC Margin Trading FOCUS offers margin trading support for OTC instruments (spot/forwards, OTC options, IRS/CCS, CDS) on all markets. The system supports multiple margin agreement types including GMRA, ISDA, RISDA, NSMA, MICEX as well as custom agreements specific to individual organizations and trading floors.
key features include but not limited to:
  • Margin agreements management
  • Real-time positions revaluation
  • Margin requirements calculations on the level of counterpart, trade, custom basket, etc.
  • Currency and securities margin maintenance and accounting
  • Documents generation
Full margin trading and margin management reporting is available.
Exchange Margin Trading FOCUS delivers a comprehensive solution to automate brokerage services on FX, stock and commodity markets in accordance with international investment standards.
The system offers full front-to-back processing of margin trading operations, including:
  • Support of various trade types such as Spot/forwards, CFD, exchange traded derivatives (futures, options) on all asset types.
  • Accounting for T + 0, T + 2, T + n deals
  • Initial margin, threshold and knockout levels by asset or asset group.
  • Margin requirement calculations using proprietary or exchange algorithms.
  • Possibility to use currency funds, securities or metals as a collateral.
Sophisticated reporting to track margin levels and margin call signals. Internal, regulatory and customer reporting is available.
Local Markets support: Russian Market FOCUS supports virtually all existing trade types and instruments on Russian OTC and exchange markets including stock market, foreign exchange margin trading (RISDA), bonds, promissory notes, money market, derivatives.
Integration adapters to MICEX and RTS platforms/trading floors of Moscow exchange, MICEX market maker tools are available.
The system supports baskets futures on FORTS.
Integration interfaces are available to Russian market data sources including CBonds, the Central Bank of Russia, NSD (for basket repos ).




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