Case Studies

Hana use standard reports in FMO to report live/historical:

• Long/Short Exposures
• P&L per open position from inception and for the day
• realised P&L on closing trades
• dividends
• cash
• NAV

Hana have also created customized reports using the FMO Report Builder to report on trades, exposures, stock location, P&L in the front and middle office. These reports can be run either live or historically and be outputted to various formats including HTML / PDF / Excel / CSV / XML.

Benefit to Client:

The reports assist Hana to monitor their exposures and performance to assess their investment strategies and ensure they are not breaching set mandates.

Hana also use the information in FMO to market their fund's performance to investors.

FMO provides clients with a Portfolio Modelling function that calculates the quantity to be traded for a stock/s in order to achieve a desired position/cash target exposure. The trades recommended in the portfolio modelling tool are then generated as orders in the FMO Order Blotter.

FMO is also integrated with front office trading applications such as Bloomberg EMS via the FIX protocol. This allows FMO to not only capture a copy of all trades from these systems, but also send orders generated in FMO, eliminating the need to re key them into the Bloomberg EMS.

Benefit to Client:

Hana have saved a considerable amount of time by using the portfolio modelling functions in FMO to size their orders each day.

Hana use FMO to quickly confirm trades, send trade files to prime brokers and administrators, and to automate custodial and bank reconciliations to be automated with any exceptions reported.

Benefit to Client:

Hana middle office staff save hours each day.

FMO provides clients with a Portfolio Modeling function that calculates the quantity to be traded for a stock/s in order to achieve a desired position/cash target exposure. The trades recommended in the portfolio modeling tool are then generated as orders in the FMO Order Blotter.

FMO is also integrated with front office trading applications such as Bloomberg EMS via the FIX protocol. This allows FMO to not only capture a copy of all trades from these systems, but also send orders generated in FMO, eliminating the need to re key them into the Bloomberg EMS.

Benefit to Client:

Hahn has saved a considerable amount of time by using the portfolio modeling functions in FMO to size their orders each day.

Hahn use standard reports in FMO to report live/historical:

• Long/Short Exposures
• P&L per open position from inception and for the day
• Realized P&L on closing trades
• Dividends
• Cash
• NAV

Hahn have also created customized reports using the FMO Report Builder to report on trades, exposures, stock location, P&L in the front and middle office. These reports can be run either live or historically and be outputted to various formats including HTML / PDF / Excel / CSV / XML.

Benefit to Client:

The reports assist Hahn to monitor their exposures across all accounts in a single view. Reports are used by staff all over the world.

FMO enables clients to set-up multiple prime brokers for each fund on the system. Prime brokers that FMO is currently integrated with include:

• Deutsche Prime
• Merrill Lynch
• Citigroup
• UBS
• Goldman Sachs
• Morgan Stanley

Clients can send electronic trade settlement instructions to multiple prime brokers, as well as access reports in FMO to provide a single overview of assets held with various counterparties.

FMO also provides clients with an automated reconciliation function that will automatically reconcile the holdings in FMO to Positions Reports that are automatically uploaded into FMO from their prime broker/s.

Benefit to Client:

The consolidated reporting and reconciliation functions in FMO provide New Horizon with significant time savings in reconciling and reporting on their holdings with multiple prime brokers. This means that the operational impact of adding additional prime brokers can be efficiently managed.

FMO can interface with external systems in a variety of ways including:

• Web Services
• FTP
• XML over HTTP
• FIX protocol

Interfaces can be initiated by the user, or by the system requesting the data from FMO. Interfaces can also be scheduled according to client requirements.

In the case of New Horizon, custom reports were created by FMO staff that are uploaded to the asset manager's FTP servers.

Benefit to Client:

New Horizon were able to adhere to the asset managers demanding reporting requirements within the short timeline imposed due to the efforts of FMO staff. This was done at no charge to New Horizon Capital, even though it was specific to their needs.

FMO is a web-based system and can be accessed anywhere via the Internet. Clients do not require any additional hardware or software to use FMO.

Benefit to Client:

FMO has enabled New Horizon to operate the business when out of the office. It has also saved them the costs of purchasing additional hardware or IT support costs.

A custom report was quickly created for Queen based on their specific requirements in terms of content and layout using the FMO Report Builder. This was a real time report that showed:

• per open position a month to date and daily p&l, days held, 30 day volatility swings, delta adjusted exposures;
• unrealised and realised P&L on open FX positions
• realised P&L on closing trades
• dividends
• cash
• NAV

The positions were grouped by directional exposure and consisted of equities, futures, currencies and swaps. The report was then embedded in an Excel spreadsheet and sourced data directly from FMO on refresh, as well as data from their Bloomberg Terminal.

Queen have also created other reports using the FMO Report Builder to report on trades, exposures, stock location, P&L in the front and middle office. These reports can be run either live or historically and be output to various formats including HTML / PDF / Excel / CSV / XML.

Benefit to Client:

The reports created for Queen in FMO have assisted the front office to make quick and decisive decisions to either seize opportunities in the market or avoid breaching risk limits, by monitoring their positions and the NAV of the fund in real time.

FMO was already integrated with Goldman Sachs Prime Brokerage and so minimal effort was involved in setting up the necessary FTP connections.

FMO is also integrated with front office trading applications such as Bloomberg EMS and IRESS. This allows FMO to capture a copy of all trades from these systems, eliminating the need to rekey them into the system. This integration is done using the industry standard FIX protocol.

Queen can also create XML data extracts in the FMO Report Builder that can be accessed from other external systems through a simple HTTP request.

Likewise, FMO can access data from external systems using FTP or a web service call.

Benefit to Client:

Systems integration between FMO and third party systems not only saves time and reduces costs for Queen, but also minimises data input error and operational risk but not double handling data.

FMO is a web-based system and can be accessed anywhere via the Internet. Clients do not require any additional hardware or software to use FMO.

Benefit to Client:

FMO has enabled Queen to operate the business when out of the office. It has also saved them the costs of purchasing additional hardware or IT support costs.

A customised and automated reporting solution was designed for Phillip Investors using the FMO Report Builder. These FMO reports were then embedded into Excel spreadsheets so that the user could simply refresh the report data in Excel, without having to log into FMO and generate the reports manually.

Phillip Investors have also created other reports using the FMO Report Builder to report on trades, exposures, stock location, P&L in the front and middle office. These reports can be run either live or historically and be output to various formats including HTML / PDF / Excel / CSV / XML.

Benefit to Client:

This technology greatly assisted the Chief Financial Officer to prepare the daily morning reports for the Chief Investment Officer by reducing the time to collate and organize the relevant data and organise it.

FMO provides clients with a Portfolio Modelling function that calculates the quantity to be traded for a stock/s in order to achieve a desired position/cash target exposure. The trades recommended in the portfolio modelling tool are then generated as orders in the FMO Order Blotter.

FMO is also integrated with front office trading applications such as Bloomberg EMSX via the industry standard FIX protocol. This allows FMO to not only capture a copy of all trades from these systems, but also to send to trading applications orders generated in FMO, eliminating the need to re key them into the system.

Benefit to Client:

Phillip Investors have saved a considerable amount of time by using the portfolio modelling functions in FMO to size their orders each day.

A custom report was quickly created for Ponting Capital based on their specific requirements in terms of content and layout using the FMO Report Builder. This was a real time report that showed:

• per open position a month to date and daily p&l, days held, gross and net exposures;
• realised P&L on closing trades
• dividends
• cash
• NAV

The positions were grouped by directional exposure and then embedded in an Excel spreadsheet. Data was sourced directly from FMO on refresh, as well as from their Bloomberg Terminal.

Ponting Capital have also created other reports using the FMO Report Builder to report on trades, exposures, stock location, P&L in the front and middle office. These reports can be run either live or historically and be output to various formats including HTML / PDF / Excel / CSV / XML.

Benefit to Client:

The reports created for Ponting Capital in FMO have assisted the front office to make quick decisions to either seize opportunities in the market, or avoid breaching risk limits, by monitoring their positions and the NAV of the fund in real time and in a way that was custom to their needs.

FMO produces an updated NAV and P&L every time a trade/transaction is entered in the system. At the same FMO automatically processes accounting journals for every trade/transaction entered so that it can also produce an updated trial balance for the fund.

FMO also provides clients with reconciliation functions to reconcile the data in FMO against their counterparties.

FMO was already integrated with Deutsche Bank Prime Services and so minimal effort was involved in setting up the necessary FTP connections.

FMO is also integrated with front office trading applications such as Bloomberg EMS and IRESS. This allows FMO to capture a copy of all trades from these systems, eliminating the need to re key them into the system. This integration is done using the industry standard FIX protocol.

Benefit to Client:

By using FMO to create a straight through / automated workflow, Ponting Capital have enjoyed significant time savings which meant they could focus more on growing their fund. It has also reduced the potential for errors which could result in failed trade settlements which can incur fines.

FMO enables clients to set up complex fund structures by dividing a fund into a front office view and a back office view.

Within the front office view, clients can organise their investments into different portfolio/s in order to separately report on the exposures and performance of either particular manager/analyst, strategy or any other basis. Portfolios can then be grouped for consolidated reporting.

The 'Back Office' view to a fund can consist of multiple entities, each with their own chart of accounts. This provides the fund accountants with a traditional accounting view of the funds investment activities as at a period in time in the form of a Balance Sheet and P&L Statement.

Benefit to Client:

Separating the fund into a front and back office view enables clients to deliver on reporting needs that differ significantly between the investment managers in the front office (portfolio level) and the fund accountants in the back office (fund level). It is also a scalable model that can grow with the needs of the clients as the need arises to try out and assess new strategies / managers.

FMO also enables the client to manage data security internally within the organisation so that users can only view investment data linked to the portfolio/s and report/s they have access to.

Finally, as FMO is an integrated front and back office system, it automatically updates the front office reports as well as the fund's general ledger as trades are initially entered into the system. This can save a considerable amount of time and expense if the journals relating to fund's investment activity had to be manually journaled in another system.

FMO is built using modern software development technologies and object oriented software design principals. This enables the system to be regularly enhanced to meet the changing needs of our clients, and for solutions to be delivered to clients within quick timeframes.

Benefit to Client:

As Mayell continue to pursue new opportunities and manage perceived issues in the ever changing economy they invest in, their needs have and will continue to evolve over time. FMO has enabled Mayell to stay ahead of the curve through tools that enable them to customise what they see and automate what they do.