The Equities & Equity Derivatives module of the FOCUS^SQL system is a comprehensive position-keeping and risk management system for tracking portfolios of cash equities, indices, equity baskets and equity derivatives. The Equities & Equity Derivatives module offers an array of features to price, analyze and manage plain vanilla as well as exotic options within multi-currency equity portfolios. An equity trading on margin is the subject of another FOCUS^SQL module - Margin Trading (Equity/Fixed Income).

The module allows users to compare option-pricing results of several methodologies. The traditional Black-Scholes formula and the Cox-Ross-Rubinstein Binomial Model might be adequate to handle relatively standard applications, but power users can also evaluate more complex strategies with the Finite Difference model. As with all modules, the equity module can be configured as a stand-alone system and has an easy-to-use deal-capture and position-keeping blotter.

• Individual equities
• Exchange-traded options on equities
• Exotic options on equities
• Equity indices
• Exchange-traded options on equity futures
• Exotic options on indices
• Equity baskets
• OTC options on equities
• OTC options on baskets and spreads
• Index futures and equity futures
• Options on indices

• Equity option pricer with support for multi-leg strategies
• Integrated position-keeping and blotter
• Multiple volatility pricing (finite difference model)
• User-defined equities and baskets
• Quote feeds for intraday mark-to-market and mark-to-theoretical P&L
• Discrete or continuous dividends
• Counterpart limit instant check
• Sensitivity analysis, stress testing
• Trade confirmations
• Multi-currency equity baskets
• Easy deal entry and trade handling
• Volatility surfaces by strike, delta, moneyness and tenor
• Betas to different indices
• Sophisticated and flexible reporting - realized, unrealized and historical P&L, mark-to-market, position, risk, credit as well as any custom reporting needs

Risk Scenario Manager - allows the user to set up risk scenarios to view just about any result (P&L value or Greek) of the entire or sub-selected portfolio, by varying spot, volatility or time horizon across two axes. Charts and individual figure breakdown is supported.

Positions Calculator - allows the user to quickly change market parameters to recalculate P&L and market values of the entire or sub-selected portfolio. This information can be viewed at trade level detail, allowing intraday viewing and daily exposure of the selected portfolio to various changes in the markets.

Value at Risk Reporting - daily, monthly and regulatory Value-at-Risk calculations using RiskMetrics variance/correlation datasets and Monte-Carlo simulation methods. Betas for each equity are used in calculations.

Risk Management Reports - like gap report, liquidity report, topography report, maturity ladder, P&L decomposition, risk of leverage, limits reports and so on.

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