Dashboards: Power Within Reach

The sheer volume of data that Portfolio and Risk Managers must navigate throughout the day has grown tremendously as strategies have become more complex and the regulations more demanding. Every wasted click, sort, or search for the relevant data they need is a potential opportunity lost. Deciphering complex relationships of data from disparate systems, paper reports, and in different formats increases the chance of errors and slows down their productivity. When investors, clients, managers, regulators, or compliance departments request a report on their fund’s VaR, stress tests, or performance, it should be just a click away.

That’s exactly what Imagine’s Dashboards and reports are designed to provide.

Imagine Dashboards give users the tools to cut through the data noise with intuitive simplicity. Powered by our comprehensive data and analytics, Imagine Dashboards are fully interactive and real-time. From managing trading strategies with multi-factor exposures, to fulfilling investor demands for P&L attribution, to monitoring their compliance department’s AIFMD, UCITS or 40 Act limits, Imagine’s users are leveraging these groundbreaking dashboards.

Click here for a closer look at dashboards like these and others built for P&L and performance, exposure analysis, stress testing, FX, VaR, Greeks, beta & correlation, and more.

Contact us today to start using the best dashboards for your organization. Customized proprietary dashboards and reports can be quickly and economically created to your specifications by Imagine’s Professional Services division.

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About the Author
As a co-founder of Imagine Software, Steven Harrison has been instrumental in managing the company’s evolution from an enterprise software firm to the first fully-hosted, cloud-based, portfolio and risk management solutions provider, and, more recently, in its latest innovations, Imagine Risk Services and the Imagine App Marketplace.

Business Intelligence Internship – Summer 2016

As part of our continuing effort to foster excellence in our product offerings, we host a demanding, ongoing internship program for college students.  We’ve offered internships for more than a decade, but this season’s effort was different, as it focused on combining modern business intelligence tools with our own risk analytic platforms and APIs to develop financial dashboards and reporting tools for the investment community.

Financial Dashboards

Dashboards are becoming an industry must-have. Imagine’s customized dashboards provide clients with powerful financial analytics, business metrics, and current performance to measure and evaluate risk, all with a flat learning curve.  Dashboards seemed a natural focal point – and great opportunity – for our interns.

The interns received comprehensive training and mentoring at Imagine. Once their initial training ended, they began working side-by-side with both our Quantitative Analysts and Business Intelligence Analysts gaining insight and hands-on experience.

On the last day of their internship, they presented a company-wide demonstration of their dashboards. Each intern presented and demonstrated their contributions to the final project to us as if we were clients. They presented dashboards for the following investment strategy types:

  • Global Macro
  • Long Short Equity
  • Fixed Income
  • FX
  • Commodities

Slideshow of intern dashboards

Team Collaboration

Imagine works as a team, and we extended that core value to our interns. The end result was a group of interns who enjoyed both their interaction with each other and with others throughout the company.  The team experience offered them exposure to many different roles in the Business Intelligence process, which gave them a much more comprehensive understanding than they could have gained if on their own.

Here’s what the interns said they appreciated about our program:

  • Learning the basics in finance, JavaScript, and data visualization. They then took what they learned and developed dashboards they felt would provide value. Our Interns liked the level of freedom they had to define team roles, design visuals, and code dashboard behavior while still remaining a cohesive group.
  • Our Consulting Group guided the interns, providing them with the information they needed to understand the real world applications of the dashboards they created.
  • Our strategy experts provided them with the ability to better understand the rationale behind the projects they were working on.
  • The interns were mainly from technical or quantitative backgrounds that do not generally require presentation skills as part of their curricula. We wanted to give them the experience of giving a presentation to a company-wide group of professionals on a complex subject. In the end, they were proud to present tools that were actually meaningful, useful, and of tangible value.

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Schools and programs we’ve recruited from for our internships:

Our internship is offered all year, and if you’re interested in being considered for any of our sessions (Fall, Winter, Spring, Summer), email  Dwayne Fauvell.

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About the Author

Trever Evans has been with Imagine Software for eleven years and has been participating in scoping, development, and implementation of larger scale initiatives for Imagine. He holds an MS in Quantitative Financial Economics from Oklahoma State University. He is currently Director of Consulting for Imagine.

Contact Trever by email or phone: 646-827-4483.

Monitor Limits with the UCITS Dashboard–Flexible, Transparent, Customizable

A Q&A with Anatoliy Salman
What is UCITS?
Investment funds authorized for sale in Europe are governed by a set of regulations. These regulations are called Undertakings for the Collective Investment of Transferable Securities (UCITS).

Why did you create the UCITS dashboard?
It just made sense for us to do this–Imagine is a trusted source for our clients. We created a dashboard that frees our clients to meet the challenges presented by UCITS (and other regulatory requirements). We see it as a great tool that provides transparency and flexible monitoring in one clean visual representation. Our dashboard eliminates the need for–and the potential risk involved with–using manual methods of limits calculations.

How does it work?
We customize the UCITS dashboard on a client-by-client basis. So there’s a quick set-up period where we create all the necessary custom reference tables, appropriate tagging, and the definition of limits the client wants to include–which by the way, don’t have to be UCITS-specific.

The dashboard is powered by an app that performs all the required aggregations and calculations. The data is pulled from your UCITS portfolio in Imagine. Once in Imagine, you load the dashboard like any of our dashboards. It updates in real time, providing intraday information with PDF reporting available for end of day reports.

How does this dashboard help clients?
This dashboard helps our clients:

  • Perform real-time, trade-by-trade risk analyses, including “what-if” simulations to add, reduce or increase positions to view portfolio and enterprise risk
  • Deliver daily UCITS-compliant reports on VaR, CVaR, relative VaR, leverage, counterparty risk and delta-adjusted exposures
  • Optimize allocations and strategies based on cross-asset class and pre-calculated market data (including derivatives) for selected time periods

With the dashboard, clients can:

  • Drill-down to view and correct limit breaches in real-time
  • Create alerts for positions that are nearing limits
  • Create a watch-list to capture risk across the entire portfolio
  • Efficiently monitor funds and fund expenses

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About the Author
Anatoliy Salman was integral in the development of solutions for ’40 Act, AIMFD,  UCITS, and RRC. He holds a Bachelors in Business Administration with a major in finance from Baruch College.

Contact our consultants by email or phone: 212-317-7600

A Dashboard for any Imagine Implementation

A Q&A with Michael Moncada

Imagine’s I/O Services are an indispensable command line tool that invokes Imagine’s APIs for uploading, processing, and downloading data. This tool is a critical component of virtually every client’s use of Imagine, providing nearly one hundred different services. But have you heard about the SITKA I/O Services Dashboard? Mike Moncada, Senior Implementation Specialist for Imagine, says, “I would use this with any implementation.” We sat down with Mike to ask him a few questions about the dashboard.

Hey Mike, what is the SITKA I/O Services Dashboard and why would you use it so broadly?

It is a one-stop command center for running, monitoring, and reviewing results of I/O Services jobs. It is powerful, lets you come away from viewing the long and somewhat tedious batch files, and gives you a tool for setting up jobs and monitoring them. A partner of Imagine, Sindex Financial Systems, wrote this dashboard management program for our I/O Services.

Wait, what’s the problem with batch files?

Some people (like me) like using commands like this:

“%absPath%..\..\..\Bin\IOServiceClient.exe” -f %inpFile% -o %outFile% -ios %service% -log %logFile% -d

But I understand there are people who don’t care for that, and this tool lets them avoid that entirely. Here’s a screenshot of what they would get instead:

SITKA IO Service Dashboard

Click Image to Enlarge

What else does the Dashboard offer other than an escape from batch commands?

Lots of things. For example, it:

  • helps you set up new jobs, with search-as-you-type, to find the right I/O service,
  • gives you sample templates to help get the input files right with clickable links to online support for detailed help,
  • allows you to watch the progress that jobs are making, each input that’s successfully processed, or each item that’s rejected,
  • shows you the history of each job complete with when it ran, the input, output, and log files for that job,
  • and lets you re-run jobs by copying their setup with a single click.

If Imagine clients want to learn more about the SITKA I/O Services Dashboard, they can email info@sindexsystems.com or fill out this form to be contacted by Sindex.

We Have a Stress Test App–Check It Out

The Stress Test App is the latest addition to the current collection of customizable apps available in the Imagine Marketplace. Similar to the other simulation tools in Imagine, the Stress Test App uses archived data to stress current portfolios and generate robust historical simulations that estimate how a portfolio would perform under documented periods of extreme risk volatility.

The Stress Test App provides value-added features on top of regular historical stress testing abilities: advanced control over your inputs coupled with the ability to analyze your output in great detail. The App:

  • creates output that clearly explains the variables used to calculate the theoretical values
  • offers greater user-control over the logic and defaults to generate simulations

Additionally, a companion dashboard provides at-a-glance simple views that clearly identifies a portfolio’s strengths and vulnerabilities under a pre-defined stress scenarios.