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Finance & Banking
Derivatives Trader

VIOPFIX QS – VİOP Quotation System is developed to deliver orders to Borsa Istanbul Derivatives Exchange, based on VİOPFIX API certification. This software is designed considering the needs of Market Makers. A few of this product’s features are summarized below:

In full compliance with Borsa Istanbul’s requirements, and updated continuously as Borsa Istanbul’s requirements change.

Continuously updated quotations, without the need to update a separate Volatility Surface. Market Makers only need to update their surfaces on Bloomberg. Changes in your surface flows through to your quotations being sent to the exchange.

Client - Server architecture means little reliance on traders’ computers: No need to worry if your quotations are being updated while you run other CPU intensive applications on your desktop.

Stand alone server architecture means zero reliance on PC applications like MS Excel; no need to worry that your quotations being sent to the exchange will be stuck if your Excel and or computer crashes.

Optimized to perform: Stand alone server application structure enables highest throughput capacity in terms of number of orders sent per second.

Optimized to enable custom trading algorithms. Your trade ideas are yours; whichever trade algorithm you would want to run is what’s built into your VİOPFIX QS. Custom order delays and or order price update steps are built to suit your strategies.

Simple-one button actions are provided to start & stop all quotations; here to serve should there be an urgency.

Your own quotation screen side by side and synchronized with other quotations in the market. Your own unique and enhanced broker screen like functionality to display at a glance where your prices stand in comparison to what’s in the market.

Integrated email system to send notifications to middle and or back office: Account data regarding collateral status from Takasbank is updated after each trade and per your banks’ settings, emailed to the relevant personnel.

GLOBIT’s widely used FIX Straight Through Processing capabilities are available should you need them. STP Integrations are a breeze with GLOBIT’s proven integration systems in use.

Simulate before you trade: Simulation modes are available for each contract. You can see where your bids and offers stand versus what’s quoted in the markets. Besides an on-screen display, reports are available on simulation results to see how your pricing algorithms perform.

GLOBIT CDS HeatMap

GLOBIT, a company that has been developing software for financial institutions for more than 20 years, developed CDS HeatMap, an application on Bloomberg Apps platform to be sold to a worldwide audience.

Financial software developed by GLOBIT are currently used at more than a 100 banks. Unlike the existing software mostly trading under different corporations’ brands, CDS HeatMap is going to be marketed under the trademark of GLOBIT.

CDS HeatMap is the first and only application originated from Turkey on Bloomberg APPS platform. APPS platform is a software market on which software linked to Bloomberg terminals can be advertised and sold. Bloomberg users access the store via APPS <GO>. CDS HeadMap is going to be present on the store with the following icon:

CDS HeatMap’s value add is to visually provide linked movements among correlated markets. Nowadays, a portfolio manager has to monitor the financial performance of a firm in CDS (Credit Default Swap) and option markets before deciding to invest in any stock. Assuming a portfolio manager monitors 50 firms, means having to follow a 150 variables simultaneously. Considering, an average trader or a full time investor is responsible for at least a 150 firms implies 450 variables to follow at the same time. Actually, it is not just a matter of monitoring. The investors must come up with an investment idea based on movements, fluctuations and the proportions of the values and, find a correlation between these markets. CDS HeatMap has been developed with this challenge to be the best APP satisfying both needs. We are of the opinion that we have found the most user-friendly solution to decide upon an investment idea by monitoring movements among markets, fluctuations in itselves for each market, and make comparisons amongst firms.

Data used in CDS HeatMap application are sourced from CDS Market, Options Market and Stocks Market. Since it runs on Bloomberg platform, the application has access to each and every information of firms on the platform. Ability to provide all of these data in the easiest to monitor and the easiest to compare format is going to make CDS HeatMap an indispensable product for market participants.

CDS HeatMap has been tailored especially for investors in New York, London and Tokyo. The main reason for this is the exponential increase in volume of derivatives in these locations. Instead of corporate bonds market, which used to be quite stable and liquid, CDS market is now followed much more closely, since it now has many times more volume of transactions than corporate bonds. This created the need for stock market investors to become much more aware of developments in CDS markets, also. Before making an investment, checking performance of a firm at the CDS markets has become a must. This has become an incommutable fact for the investors in such sophisticated markets as mentioned above. Which seems reasonable: before investing, checking the debt interest rate ratios of the firm, as well. It is this fact that, borrowing costs of a firm is a good indicator and, can be monitored second by second. CDS HeadMap is providing the ability to do so, for hundreds of firms in same screen, at the same time.

In the above screen users can comparably see rating information, volumes, performance in stocks market and CDS market for 35 different firms, at the same time.

Also, increases in options market volumes has brought about the need to monitor options market, as well. Thus, any stock market investor has to now monitor and comment on not only the CDS market, but also the options market. No wonder, it is the same for other markets’ investors: a CDS trader has to track corporate bonds, stocks and also, options. Likewise, an option trader has to evaluate data of the firm from CDS markets, and stock markets, to track and comment on movements and, predict the volatility. CDS HeatMap endeavors to ease the job of investors in all three markets. For this purpose, the application demonstrates real-time data from the three markets in a comparable and easy to track format, as seen in the following example:

CDS HeatMap incorporates a number of functions that serve the needs of users, also, in Turkey. Besides making tracking of CDS and options market easier, the application also enables the display of financial information of a number of firms. CDS HeatMap incorporates utility and functionality that is provided in other platforms. In the words of GLOBIT, “CDS HeatMap is a 6 dimensional, real-time graphical analysis application.”

If we take a look at a CDS HeatMap screen (below) intended for Turkish Market, we can see Price/Earnings ratios, EBITDA values, market price, stock performance and, volume of transactions in last five days in proportional of last 20 days for more than 50 firms and, we can follow up the real-time changes in, same, one screen.

In addition to visual tracking and analysis, CDS HeadMap integrated with a filter function that enables the user to find the firms with desired features, easily. You can make a filtration based on distinct financial data of firms with Ticker Filter. For ease of use; CDS Spread, Spread Curve, Market Cap, TotalDebt/Total Capital, Debt/CommonEquity, InterestCoverageRatio and QuickFilter filters are appeared on right side. QuickFilter makes easy to find firms that fit your preferences using hundreds of financial data which can be gathered live, from Bloomberg.

Along with CDS HeatMap application software, GLOBIT also completed Registered Vendor, Bloomberg’s software in Turkey. Owing to this developing systems that is fully compatible with the platform for clients who request rich data sets in Bloomberg. First example of this is a quotation system intended for Istanbul Stock Exchange options market (VÝOP) whose market making estimated to be active in January, 2015.
GLOBIT aims to advertise the system called VİOPFIX QS and keep its leading role in software development for treasury departments in banks.

Please follow this link for an in English version of CDS HeatMap UserGuide.

Treasury Front Office Trader

Market Risk, defined as the risk of having a financial loss due to deviation of market prices and rates, is a peculiar type of risk that financial institutions must watch closely.

MLS Market Limit System, developed by Globit for Misys, provides the ability to manage the market risk through full integration to Misys Kondor+ front office application. MLS is used actively by more than 65 banks all over the world and proves Globit's experience on market limit applications.

MLS Market Limit System provides following features for traders :

  • Position, Stop Loss and Sensitivity(Delta,Vega,Gamma,BPV,Convexity,Duration,Gap) limits based on flexible criteria set
  • Pre-limit check in Kondor+

  • Real-time limits excess warnings
  • Periodic update of limit utilizations to reflect market rate shifts

  • Excess approval mechanisms

  • User/Group based limit access rights allowing each division to control their own limits
  • Capability of temporary limit re-allocation

Thanks to their flexibility, treasury front office applications can serve different needs of financial institutions. This requires proper configuration and customization with regard to the institutional processes and rules.

Being highly experienced with Misys Kondor+ application, Globit provides turnkey product implementation services for treasury front-end applications. Aiming maximum efficiency with Misys Kondor+ application, this line of services is made up of the following components:

  • Analysis and documentation of the requirements
  • Product deployment and configuration
  • Development of customer specific add-on applications and supplementary customizations
  • Analysis of data integration needs and providing solutions
  • Participating into testing processes and support
  • Deployment to production environment and initial data migration services

In financial markets, more and more deals are captured through the use of platforms each and every day. A typical requirement is to process this deal data in front office and risk management systems, which often causes waste of time and makes it difficult for the financial institutions to track in real-time their positions and risk figures due to time overhead.

Moreover, many financial institutions aim to achieve a consolidated risk management by combining treasury and banking books together

Globit's Kbroker is designed to provide solutions for this need and helps building a data bridge between Misys Misys Kondor+ and other systems.

In addition to its flexible and modular design, KBroker provides out-of the box adapters for various platforms:

KBroker provides the following capabilities for front office users:

  • Realtime trade flow to Kondor+.
  • Rule based determination of Kondor+ specific fields (Folder, TypeOfInstrument, Purpose, etc.).
  • Implementing a semi-automatic transfer mechanism, where deals appears in Kondor+ Import Blotter and becomes imported upon a user approval.

Misys Kondor+ is a mission critical application for treasury department users who continuously race against time. Therefore any emerging issue should be handled instantly with utter care. Considering technical support, Misys Kondor+ application requires a high level of product experience and financial knowledge along with a technical background. Therefore it's difficult and costly to establish and maintain an internal first level support team within the organization.

Globit share its solid Kondor+ experience to Misys clients, as a first level support service. Targeting to let users achieve the maximum productivity with Misys Kondor+ system, this line of services is made up of the following components:

  • Issue detection, investigation and workaround/final solutions
  • Issue ticketing to Misys support system
  • Application of patch upgrades
  • Technical support for custom applications and integration components that are excluded in a standard Misys support contract
  • Customizations and configurations
  • Implementing new features coming along with product upgrades
Treasury Front Office Manager

Market Risk, defined as the risk of having a financial loss due to deviation of market prices and rates, is a peculiar type of risk that financial institutions must watch closely.

MLS Market Limit System, developed by Globit for Misys, provides the ability to manage the market risk through full integration to Misys Kondor+ front office application. MLS is used actively by more than 65 banks all over the world and proves Globit's experience on market limit applications.

MLS Market Limit System provides following features for Front Office Managers:

  • Position, Stop Loss and Sensitivity(Delta,Vega,Gamma,BPV,Convexity,Duration,Gap) limits based on flexible criteria set
  • LReal-time limits excess warnings
  • Blocking mechanism for traders causing a breach
  • Periodic update of limit utilizations to reflect market rate shifts

  • Excess approval mechanisms

  • Periodic e-mail alerts containing list of limits in excess
  • Flexible limit reporting module

  • Limit usage history

Treasury Middle Office

The notion of credit limits is a crucial component of risk management for financial institutions. Centralized management and consolidation of credit limits facilitates control over credit risks effectively in complex financial organizations where various organizational departments continuously request for allocations.

CLM Credit Line Management system developed by Globit for Misys provides centralized management of credit risks through full integration to Misys MGR.

CLM provides following features for Treasury Middle Office users:

  • Combination of treasury and non-treasury limits on a single limit tree.
  • Management of limit approval processes through business workflows.
  • Real time tracking of limit usage and breaches.
  • Capability of temporary limit re-allocation.
Treasury Backoffice

Misys K+TP Kondor Trade Processing is a mission critical back-office application that works fully integrated with Misys Kondor+ front-office. Therefore any emerging issue should be handled instantly with utter care. Considering technical support,Misys K+TP Kondor Trade Processing requires a high level of product experience and financial knowledge along with a technical background. Therefore it's difficult and costly to establish and maintain an internal first level support team within the organization.

Globit share its solid Misys K+TP Kondor Trade Processing experience to Misys clients, as a first level support service. Targeting to let users achieve the maximum productivity with Misys K+TP Kondor Trade Processing system, this line of services is made up of the following components:

  • Issue detection, investigation and workaround/final solutions
  • Issue ticketing to Misys support system
  • Application of patch upgrades
  • Technical support for custom applications and integration components that are excluded in a standard Misys support contract
  • Implementing configuration changes for accounting, payment,revaluation,etc.

Today's banking places a heavy workload on treasury divisions. As a result of ever increasing deal volumes, it becomes nearly impossible to carry out back office processes manually.

Misys K+TP Kondor Trade Processing system provides management of all post deal processes through full integration with Misys Kondor+ front office application. This leads to the emerging need of transferring accounting and payment/confirmation (Swift, Pdf, etc.) messages generated on K+TP system to various back-end systems.

Globit's Kbroker is designed to provide solutions for this need and helps building a data bridge between Misys K+TP Misys K+TP Kondor Trade Processing application and other systems.

In addition to its flexible and modular design, KBroker is capable of realizing the following integration scenarios:

  • Transfer of Swift messages produced in K+TP to bank core systems or Swift mediator systems.
  • Transfer of payment messages produced in K+TP to central bank payment systems.
  • Transfer of security trade movements produced in K+TP to exchange institutions.
  • Transfer of PDF approval and payment messages produced in K+TP via e-mail.
  • Transfer of accountings produced in K+TP to general ledger systems.
  • Transfer of account definitions from bank systems to K+TP.
  • Transfer of exchange rates from bank systems to K+TP.
  • Transfer of revaluation results from bank systems to K+TP.

Today's banking places a heavy load on treasury divisions. As a result of ever increasing deal volumes, it has become nearly impossible to carry out confirmation and payment operations manually.

Misys K+TP Kondor Trade Processing solution provides management of all post deal processes through full integration with Misys Kondor+ front office application.

Globit, relying on its financial experience and know how, provides implementation and configuration services for Misys K+TP.

Globit's expertise on treasury confirmation, payment and delivery processes includes:

  • Automation Swift messages according to bank's business processes
  • Generation of payment messages for other payment systems
  • Parameterization of correspondent bank configurations
  • Modeling of automated processes which depend on confirmation

Today's banking places a heavy load on treasury divisions. As a result of ever increasing deal volumes, it has become nearly impossible to carry out back office accounting operations manually.

Misys K+TP Kondor Trade Processing solution provides management of all post deal processes through full integration with Misys Kondor+ front office application.

Globit, relying on its financial experience and know how, provides implementation and configuration services for Misys K+TP.

Globit's expertise on treasury accounting includes:

  • FX, money markets, securities and all derivative instruments
  • Opening/closing and cashflow accounting
  • Revaluation and profit/loss accounting
  • Off-balance sheet accounting
Credits & Trade Finance

The notion of credit limits is a crucial component of risk management for financial institutions. Centralized management and consolidation of credit limits facilitates control over credit risks effectively in complex financial organizations where various organizational departments continuously request for allocations.

CLM Credit Line Management system developed by Globit for Misys provides centralized management of credit risks through full integration to Misys MGR.

CLM provides following features for Credits and Trade Finance Department users:

  • Defining complex country and counterparty limit hierarchies.
  • Management of limit and deal approval processes through business workflows.
  • Appointing user based rules for approval of limits and deals.
  • Assigning collaterals for limits and deals.
  • Real time tracking of limit usage and breaches.
  • Capability of transferring credit risks to other counterparties.
  • Capability of temporary limit re-allocation.
  • Pre-deal check capabilities.
  • Flexible reporting module.
Branches

The notion of credit limits is a crucial component of risk management for financial institutions. Centralized management and consolidation of credit limits facilitates control over credit risks effectively in complex financial organizations where various organizational departments continuously request for allocations.

CLM Credit Line Management system developed by Globit for Misys provides centralized management of credit risks through full integration to Misys MGR.

CLM provides following features for branch office users:

  • Provisioning for credit and trade finance transactions.
  • Management of deal approval processes through business workflows.
  • Assigning collaterals to the transactions.
  • Capability of transferring credit risks to other counterparties.
IT

Misys Kondor+, Misys K+TP Kondor Trade Processing and Misys Global Risk are mission critical applications for front office, middle office and backoffice users. Therefore any emerging issue should be handled instantly with utter care. Considering technical support, those applications requires a high level of product experience and financial knowledge along with a technical background. Therefore it's difficult and costly to establish and maintain an internal first level support team within the organization.

Globit share its solid Misys Kondor+, Misys K+TP Kondor Trade Processing and Misys Global Risk experience to Misys clients, as a first level support service. Targeting to let users achieve the maximum productivity with these systems, this line of services is made up of the following components:

  • Issue detection, investigation and workaround/final solutions
  • Issue ticketing to Misys support system
  • Application of patch upgrades
  • Technical support for custom applications and integration components that are excluded in a standard Misys support contract
  • Customizations and configurations
  • Implementing new features coming along with product upgrades

The need for integration among treasury applications and in between treasury and core banking applications is ever uprising. This leads to a significant increase of IT divisions' workload, considering the complexity introduced by variety of systems in use and data to be transferred.

Globit's Kbroker, provides solutions for integration needs among all types of financial applications, but especially around Misys products.

The core features of KBroker are as follows:

  • Database and operating system agnostic design.
  • In addition to its standard product and technology-based adaptors, its modular design allows developing and plugging system specific custom adapters.
  • Easy data mapping and translation through support of script languages such as XSLT and Groovy.
  • Easy to monitor and manage through its Web interface.


  • Supports real-time and periodic data transfer models.
  • Increased reliability through automatic retry mechanism.


  • First time upload features for synchronizing 2 systems at the start

Product based adaptors of KBroker:

  • Kondor+ KIS: Transfers deal and reference data to Kondor+ system.
  • Kondor+ TradeKast: Extracts deal and reference data from Kondor+ system.
  • Kondor+ Fixing: Extracts fixed cash flows from Kondor+ system.
  • Kondor+ Financial Report: Extracts financial report results (NPV, profit/loss, BPV, Delta, Vega, Gamma, etc.) from Kondor+ system.
  • KBroker Konnect: Provides data transfer and synchronization in between two Kondor+ instances.
  • Misys Midas: Extracts deal data from Kondor+ and transfers to Misys Midas.
  • Bloomberg FXGO: Extracts deal data from Bloomberg FXGO platform and transfers to Kondor+ system.
  • Bloomberg Trade Book: Extracts deal data from Bloomberg Trade Book platform and transfers to Kondor+ system.
  • CitiFX Pro: Extracts deal data from CitiFX Pro platform and transfers to Kondor+ system.
  • 360T: Extracts deal data from 360T platform and transfers to Kondor+ system.

Technology based adaptors of KBroker:

  • JMS
  • IBM Websphere MQ
  • SOAP
  • Tibco Rendezvous
  • JDBC
  • FTP

Thanks to their flexibility, treasury applications can serve different needs of financial institutions. This requires proper configuration and customization with regard to the institutional processes and rules.

Being highly experienced with Misys Kondor+, Misys K+TP Kondor Trade Processing and Misys Global Risk applications, Globit provides turnkey implementation services for treasury applications. Aiming maximum efficiency with Misys Kondor+, Misys K+TP Kondor Trade Processing and Misys Global Risk applications, this line of services is made up of the following components:

  • Analysis and documentation of the requirements
  • Product deployment and configuration
  • Development of customer specific add-on applications and supplementary customizations
  • Analysis of data integration needs and providing solutions
  • Participating into testing processes and support
  • Deployment to production environment and initial data migration services

Misys Kondor+, Misys K+TP Kondor Trade Processing and Misys Global Risk are critical applications for treasury front, middle and back office users.

As a result of its financial expertise and experience on risk management applications, Globit delivers custom applications either as a complimentary component for Mysis products or as an independent solution.

Customized solution development covers the following viable fields:

  • "Custom Window" development on Misys Kondor+ application
  • "Open Report" development on Misys Kondor+ application
  • "Deal Flow" development on Misys Kondor+ application
  • "Custom Window" development on Misys Global Risk application
  • "Open Report" development on Misys Global Risk application
  • "Product Exposure Function" development on Misys Global Risk application
  • Custom Limit development on MLS Market Limit System
  • Development of custom limit systems
  • Development of custom workflow applications
  • Business process development on CLM Credit Line Management
Risk Management

Market Risk, defined as the risk of having a financial loss due to deviation of market prices and rates, is a peculiar type of risk that financial institutions must watch closely.

Globit provides the global R&D and support services for Misys KVAR+ Kondor Value at Risk application which has a client base of 25 banks and real sector companies all over the world. KVAR+ is fully integrated with Misys Kondor+ and provides the following features:

  • Value at risk calculation using Historical Simulation, Risk Metrics and Monte Carlo methods
  • Drilling down the value at risk to further components like price, interest, currency and volatility
  • Testing models with Backtesting methodology
  • Stress testing with flexible scenario generator
  • Management of Market data:
Rate Series
Curve
Statistics
Monte Carlo
Math
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