What is Chronicle PositionManager?
Chronicle PositionManager has two main functions:
- Calculation of positions based on available trade data, and publishing these to output queues.
- Calculation of equivalent positions for use in pricing and hedging algorithms.
Positions can be calculated at multiple configurable Position Book levels and can be aggregated at higher level Position Books all the way until a global, total position across the firm is achieved. Re-calculation of Position Books is triggered by the processing of a new trade or trade amendment. Position Books may also be marked for Risk Management, in which case a change in position will trigger calculation of VaR risk for those specific books.
The PositionManager is reliant on Chronicle’s BookBuilder module to provide pricing data for position, PnL and Risk calculations. Position and Risk outputs can be consumed by anything, but are required by the Chronicle Hedger and Pricer modules, as well as being output on standard user interfaces.
"Positions can be calculated at multiple configurable Position Book levels and can be aggregated at higher level Position Books all the way until a global, total position across the firm is achieved."
Why Choose Chronicle PositionManager?
How does it work?
The PositionManager 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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