The WhenTech Markets® application is an advanced option pricing and risk management platform that offers a combination of sophisticated derivatives analysis and pricing tools with a simple yet powerful user interface. The interface features a patented algorithm which allows a user to quickly price nearly all options/futures spreads via an intuitive point-and-click interface. WhenTech Markets® was designed to work well on the desktop or on the trading floor, with enhancements designed to facilitate operation on Tablet PCs. The WhenTech Markets® application supports over 600 commodities traded on different exchanges throughout the world.
1. Option Pricing
Using a patented process, by simply clicking on an option or a series of options (and/or futures), the application will instantly determine the type of spread, and then calculate the value of the spread as well as its Delta, Gamma, Vega, Theta and OEV. (click for demo)
Additionally, the software provides automatic real-time position and pricing updates with any change in future price or volatility.
2. Market Data Feeds
Live market data is delivered by the industry-recognized provider eSignal. This alliance provides WhenTech Markets® users the ability to receive fast, efficient and reliable market data from every major exchange. Live data gives the application the ability to maintain proper spreads and update pricing sheets and risk reports in real-time.
3. Risk Analysis - (Click here for more details.)
Comprehensive risk analysis reports provide essential tools for managing your positions. Reports available include the following:
• Snapshot report displays detailed options and futures risk
• Profits report shows profit/loss from positions and trades
• Tabular reportshows what a position looks like under various scenarios such as changes in futures price, volatility and time to expiration
• Summary report is similar to the Tabular Report, but is generated in a different format.
All reports can be run against the user's current position, previous position or day-trades only position. All reports can be run on any trade date, with volatility and/or future price changes including the ability to run futures at settlement.
All reports, except for the Summary report, are interactive with extensive use of tree-views to allow the user to quickly zero in on the most important information without too much clutter, but also drill-down to deeper levels of detail where desired.
4. Group Management
Advanced capabilities give risk-managers, clerks and traders the ability to monitor risk by creating personalized subgroups defined by commodity and/or trader. An audit trail feature makes it possible to analyze each trader’s historical trade data and every change ever made to a trade. Moreover, a subscription function allows users to broadcast and share volatilities, parameters, and futures spreads with other users.
5. Error Reduction
Eliminates potential human error with automatic P&L and risk parameter updates upon the completion of every trade. Real-time access to trades removes any lag time in checking trades or accounting for changes to positional risks.