Kace Pro – Supporting the entire options ecosystem

The kACE Pro platform offers leading-edge technology to support all aspects of the options life-cycle, including:

• Pricing distribution
• Structuring and trading
• Portfolio management
• Straight through processing (STP)
• External connectivity

Through our tailored screens, we also integrate kACE’s award-winning market data, providing a seamless trading experience across the options ecosystem.

kACE Pro has a number of advanced features:

Pricing

• Over 90 products covered, from vanillas to a wide variety of exotic options including structured products such as target redemption forwards (TARFs), funding valuation adjustments (FVAs) and accumulators
• Smart pricing and parsing logic, providing quick and intuitive User Interface with full support for quick price solving
• Advanced implication support for price and hedge calculations
• Markets covered include OTC bilateral and cleared as well as exchange traded for FX, precious and base metals. Pricing also supports deliverable and non-deliverable products.
• Full support for pricing of single and multi-leg options, providing users the ability to create, define, strip and distribute structures
• A variety of models tailored to market practitioner usage and the FX markets, including LSV (local stochastic volatility) with ease of calibration.
• Market accurate modelling including LSV (local stochastic volatility), supporting first and second-generation exotics and structured products, over 90 option classes supported
• Structured Pricing, including powerful strip generation wizards, structure libraries, fast trade restructuring, graphing and product idea generation.
• Real time market data feeding from multiple sources, enabling real-time streaming prices

Distribution and automated dealing workflows

• The sales screen is tailored for the distribution of products to the sales organisation. This includes internal RFQs, where sales can interact with the trading desk in both automated and manual workflows
• Term sheets and confirmations can be quickly built and are able to cover any product and strategy or structure

Market data

• Market data includes a combination of kACE provided, customer sourced and data-vendor feeds
• Volatility surfaces sourced from the electronic and voice broker operations of BGC Group

Deal capture

• Trades in underlying FXO products can also be booked (spot, forward, deposit, swap)
• STP (straight through processing) - server can send trades in real time to core and/or back office system.*

Integration with kACE Pro OMS for

• Order routing can be carried out through kACE Deal Manager to a growing list of execution venues
• Trades executed on various venues are seamlessly processed back into the kACE PRO FXO trade database alongside manually entered tickets
• Dealing rules to route price requests either to the dealing engine or to manual intervention
• Automated quote responding and execution

* Developed by the kACE Professional Services Integration Group or by customers using the API