Options Trading Order and Execution Management System

Derivix-AM is our order and execution management system for buy-side institutions engaged in options trading. Designed to also handle analytics, positions, and risk management, Derivix-AM provides direct access to all options exchanges, leading broker algorithms, fully customizable algorithms and various options trading strategies, such as dispersion trading, volatility trading and cross-asset trading.

Order & Execution Management

Configurable Front- and Back-End Derivatives Platform

Pricing and Analytics

Proprietary Volatility Time Model and Comprehensive Greeks with Advanced Skew Analysis

Portfolio Management

Scenario Analysis, Grouping and P&L Greek Decomposition

Key Features & Benefits

Execution Management

  • Configurable multi-asset trading front-end
  • In-bound and out-bound FIX gateway interfaces for customer connections, direct market access or execution algos
  • Trade directly from the options matrix
  • Integrated smart order routing and sweeping
  • Floor broker routing
  • Volatility trader – proprietary volatility pegging algo allows users to send orders based on a specified volatility or one tied to the volatility of other products
  • Volatility Pairs trading
  • Gamma scalping
  • Delta hedging
  • Vega trading – trade strips of options based on volatility
  • Pre- & Post-Trade Risk Analysis directly on the trade ticket
  • Staging blotter
    • Quickly hedge a partial or full portfolio by loading multiple trades to the staging blotter
    • View bid/ask for all working orders and set triggers for manual or automated execution
  • Street order blotter for management of working and filled orders
    • Configurable bump buttons are available to cancel, replace, and modify orders quickly
  • Customizable trade ticket
    • Ticket defaults are easily set for multiple parameters including: broker, algo, size, and account.
  • Easily connects to other FlexTrade solutions or other external TCA systems

Portfolio Management

  • Scenario Analysis
    • Performs full re-valuation for any what-if scenario in real time
    • Shock spot, volatility skew, date/time, and other model inputs to instantly view its effects on any size portfolio
    • Graphically analyze and review P&L as well Greeks.
  • Grouping (Sector and Sub-Account)
    • View aggregated risk across accounts, traders, desks, sectors, portfolios or other user-defined segments.
    • Slice and dice your portfolio by underlying, expiration, account, etc., or analyze your entire portfolio.
  • P&L Greek Decomposition
    • Start of Day P&L is categorized into Delta, Gamma, Theta, Vega, and Rho, and also provides day’s trading P&L.
  • Non-trading version available for risk managers who need to monitor risk across multiple asset classes.

Order Management

  • Fully hosted, out-of-the-box solution that facilitates management of all types of customer orders over their entire life-cycle, including:
    • Order tracking
    • Position maintenance
    • Compliance reporting
    • Full support of exchange based and manual crossing
    • Post trade allocation
  • Customizable view of historic trading activity
  • Multi-asset configurability


Pricing and Analytics

  • Extensive Scenario Analysis
    • Easily adjust multiple inputs for pricing and analytics. The ability to adjust time, volatility, price, dividends, and interest rates provides comprehensive simulation analysis.
    • Add simulated trades to view the effect on your risk and portfolio
  • Proprietary Volatility Time Model
    • Customize decay through a minute-by minute valuation of the options. It accounts for nights, weekends, holidays, and user defined events, which provides unparalleled accuracy, particularly around expiration and weekly options.
  • Comprehensive Greeks and Advanced Volatility Skew Analysis
  • OTC Derivatives Support
    • Easily handles OTC and Flex options.
  • Implied and user-defined volatility management for accurate theoretical valuation