SynOption Launches Options Portfolio Management Tool
Posted by Colin Lambert. Last updated: February 23, 2023
Singapore-based SynOption has launched a portfolio management platform that allows users to view their risks in a modular, efficient, and metricised manner specifically on non-linear products such as options, exotics and structured products.
The first users have gone live, the firm says, and can view their risk across a variety of metrics, scenarios, and aggregations to get a true sense of the positions they are running. The platform provides portfolio views, market data, trade booking, all via a GUI or API based access. The lifecycle management module gives the user the ability to book deals, exercises, expiries, as well as to manage fixings and barriers. The administrator module allows for customised configuration of portfolios and provides rights to view or edit portfolios.
“With a growing realisation that risk management practices need to improve in the digital assets world, we have seen increasing demand for institutional risk management platforms,” says Anchail Jain, CEO of SynOption. “Clients have increasingly bigger OTC portfolios, and SynOption provides a solution to view risk across exchanges and OTC, static and dynamic portfolio risk analytics, OTC trade booking and lifecycle management and dynamic portfolio setup. The platform provides provisions for various types of users, with access-controlled portfolios, and organisation-wide risk views.”
Gurpreet Chhatwal, COO of the firm, adds, “The vision is to provide a system that manages risk across asset classes, execution methods and product sets. The initial product covers FX and digital assets markets, executed via OTC or exchanges, and products starting from simple cash trades to vanilla options, exotic options, and structured products.
“We intend to add more exchanges, commodities, and other product types in upcoming releases,” she continues. “Our team brings a vast amount of experience in risk management, cross asset risk and understands that very few firms, once successful, are restricted by asset class, product, or exchange. We envisage providing a product that can accommodate the needs of our clients not just today, but as they grow.”