What is Chronicle Hedger?
Chronicle’s Hedger module provides an extensible hedging capability. It generates hedging and risk management orders based on available position and pricing data, and risk metrics. Chronicle provides a number of basic hedging components, which can be customised and extended by clients. For those clients desiring a more sophisticated and bespoke auto-hedging capability, the Hedger module can be used as a framework in which proprietary hedging functionality can be easily and rapidly implemented.
The Hedger can be combined with Chronicle’s BookBuilder, Pricing and PositionManager modules as input sources of market depth ladders, prices and risk positions, respectively. It supports the implementation of multiple hedging strategies – for example, one Position Book could be hedged on a trade by trade basis, whilst another could represent an aggregated position and be hedged periodically intra-day.
"Generate hedging and risk management orders based on available position and pricing data, and risk metrics"
Why Choose Chronicle Hedger?
How does it work?
The Hedger is built on the Chronicle software stack, which itself is designed to provide a flexible, reliable and low-latency framework. Notable features include:
* Replication, in this instance, refers to the copying of data over the network via TCP/IP, usually done for failover, and/or to create a safe copy of the information on another host server or in another data centre.
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