The FX Margin Trading module of the FOCUS^SQL system is a comprehensive real-time trading and decision-making system for tracking portfolios of foreign exchange spot, forward and option trades with dynamic risk management.

FOCUS^SQL FX Margin Trading system allows users to set up margin balances, credit and delivery limits, leverage and threshold levels for all customers and trading counterparts. Limits and margin requirements can be monitored through dynamic windows to permit real-time control. As market prices and open positions change, margin requirements and trading limits will be updated automatically and any breach of threshold levels will display a trader alarm. Option positions are mapped into cash net open positions using Delta-margining. Customer margin sufficiency can be checked against worst-case customer portfolio valuation due to unfavorable market outcome within predefined market parameter ranges.

The FX Margin Trading system can be configured as a module within a broader system solution, a third-party system or integrated into your existing trading or risk management system. The FX Margin Trading system is also available as part of a Web-based online FX trading system to manage customer margins online and in real time.

Recognizing that trading on margin may be subject to regulations in many countries and local market conventions, the FX Margin Trading module was designed with the flexibility to calculate and monitor customer margin and trading limits in several different ways.

• Dynamic windows for real-time risk management of actual and excess margin and credit limits
• Dynamic filtering of positions blotter
• Real-time feeds from market quote information systems
• Ready interfaces with certain dealing and remote brokerage systems
• Integration with existing accounting/trading platforms
• Margins as deposits, accounts and credit lines
• Cash margin in any currency, revaluation of margin into home currency using real-time market quotations
• Cross-margin among various instruments and currency pairs
• Sophisticated Delta-margining of open option positions
• Set-up global credit /margin limits for counterparts that have several branches or divisions
• Track margin/credit limits by any instrument or currency pair
• Set up and monitor daily delivery and exposure limits
• Ability to net longs/shorts or monitor trade by trade
• Stop-out rates calculation, real-time alarms and stop-out order notification
• Manage daily delivery exposure by counterpart or currency
• Netting detail report
• More comprehensive P&L, position and option early exercise reports
• Filter for specific counterpart, customer, currency pair and trade or delivery dates
• Automatic roll-over of open FX positions to next business day or discrete days

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