- Cross-commodity exotic options such as cargo spread options, backpricing options, barrier options, quantos, compos and many more
- Storage modelling
- Swing and spark spread options
- Variance swaps
- Parametric and Monte Carlo VaR
- Stress testing by prices, vols, and time
- Distributed framework for Monte Carlo and Longstaff-Schwarz methods
- Variety of options models covered; new models continually being added
- Real-time mark-to-market valuation and P&L calculation, at any level across multiple portfolios with any combination of trade types
- Wide range of options models available such as Black Scholes Merton, Bachelier, Reiner Rubenstein, Turnbull-Wakeman, Binomial / Trinomial Trees, Vorst, Curran, Crank-Nicholson and others
- New models continually added
- Valuation Explanation - our unique feature shows you exactly how we have calculated each valuation, so you can easily reconcile or troubleshoot
- Full P&L Change Explanation, broken out by market data such as forward curves, fixings, vols, FX rates, and more, along with trade amendments
- Real-time exposure calculation at any level across multiple portfolios
- All greeks and other analytics calculated in real-time at any level across multiple portfolios
- Parametric and Monte Carlo VaR; distributed framework for fast calculation for large trade volumes
- Price, volatility and time stress testing
- Flexible reporting, including full customisation of reports with multiple metrics and data broken out in multiple ways
- Comprehensive drill down for more granular reporting
- Every report can be charted and exported to Excel
- All data is fully versioned and all reports can be run historically
- Instantaneous close of book functionality for end of day reports
- Provides consolidated view of risk across multiple commodities and regions
- Well designed OpenAPI and gRPC APIs (Application Programming Interface) for easy integration
- Excel add-in trade blotter
- Trade feeds via STP (CME and ICE)
- Trade feeds from internal systems via the Topaz API
- Market data uploads via Excel or from other systems via the Topaz API
- Live reporting feed into Excel for real-time custom analysis
