GL Trade says it has launched a new application that enables users to check the margin calculations produced by their own back office or a third party broker.
Margin Checker is an on-line cross asset class margin management tool accessible through the Internet. It allows users to enquire into the margin calculations on existing positions, and run what-if scenarios as well.
GL Trade says its designed for use with any derivatives back office system and is already completely integrated with the its own clearing and settlement system. It can be operated as a standalone utility or be purchased as a white-labeled function.
“Margin Checker is one of a suite of new web component products under development within our business line,” says Andrew Hobbs, Head of UBIX Business Development at GL Trade. “We are particularly pleased with the rich functionality, high volume scalability and responsiveness of this module which leverages the global, cross asset class margining functions and server side capabilities of UBIX. We are confident Margin Checker could easily be integrated into the workflows of brokers of any size as well as providing fully functional online check and what-if scenario calculation capabilities for end users such as hedge funds, arcade traders and buy-side institutions.”