Ecco, one of the leading spread trading, order execution and risk management software suppliers has now added risk based margining to its risk platform EccoRiskManager through integration with MarginClick.
Dan Eccleston the Managing Director of Ecco says, "The need for our customers to be able to assess risk based on a number of criteria is growing. Particularly those trading cross product and cross market spreads. Ecco has always provided real-time position and limit based risk alerts however the need to also consider the margin capital risk at individual or group level led us to work with MarginClick to add this valuable functionality."
Trades and positions held in the EccoRiskManager database can now be valued in real-time against the most recent SPAN array and market price. Of immediate benefit are spread traders who need to have a dynamically updated indication of their margin obligation where complex positions or strategies are offset as the risk is reduced."
"We continue to see the need for end users to have a more extensive view of their overall risk," says Patrick Thornton Smith. "By integrating with Ecco as a valuable, 'behind the scenes' component, MarginClick adds value to the overall proposition."
Separately, MarginClick, the on-line margin calculator, has now been upgraded to a new version, 1.2. A number of new features have been included based on user input and recent market events. Major new areas of functionality include a complete Excel front-end, easy to use 'Spread Trade Blotter' for 'what if' scenarios and new style reports.
"With a growing number of clients and distribution channels, including broker whitelabelling and ISV end users, we have developed a new range of features to satisfy growing demands of the product', says MarginClick Managing Director, Patrick Thornton-Smith.
"The new Excel front end now offers a choice of user interfaces as many end users typically utilise this spreadsheet to access and manipulate market data. With an increasing focus towards intra-day risk based margining, such as the LCH.Clearnet IDRiS initiative, a growing number of market participants are looking for an easy to use 'what if' ability to assess margin obligations. For spread traders especially we have developed the Spread Trade Blotter to assist this process," adds Thornton-Smith.
Other features include a new style report that gives users an easy to use, selectable PDF on-line with multiple sorting criteria. As with the full application, this can also be white-labelled. This latest version of MarginClick is released in conjunction with an updated website.