Fimat USA has licensed Egar Technology's Focus system for its energy and commodity derivatives trading and risk management operations.
Fimat USA, a member of the Fimat Group and a wholly owned and independently managed subsidiary of Societe Generale, will use the Focus system for its energy derivatives desk.
The Focus system is a fully integrated position keeping system offering pricing, reporting, and risk management supporting trading of over-the-counter and exchange-traded derivatives, swaps, FX, equities, metals, bonds, repos, and commodities.
Jean-Pierre Valeri, Fimat USA's SVP, director of credit & market risk management says: “In our opinion, Focus not only offered the most cost effective solution but also provided the desired flexibility to handle a wide range of structured over-the-counter energy derivative products, such as average strip options on energy indices or baskets of indices.”
"Focus was also the only modular system that we encountered, that could be grown to cover new products and other desks as future needs arise," he adds.