Client need
A semi-retired trader with an eight-figure portfolio wished to take large, high-variance positions in a long-short equity book. He wanted to do this while enjoying the day and having flexibility to be away from a trading screen while having the confidence he would be alerted if the market moved against him.
Portfolio margin and pair-level monitoring
The client was a portfolio margin customer and the system needed to be aware of not only individual positions and pairs prices relative to each other. It also needed to look at the relevant per-account risk measures, such as gross short position and cash available to withdraw.
Thresholds, account metrics, and alerts
Talosian modified its software to look at the ratio of prices of equity pairs and also the various account-level portfolio margin values. In addition, we added a user interface so the client could change the thresholds as needed throughout the day.
If and when the values exceeded an upper or lower threshold, the client was SMSed with details.
Trader Workstation, Java, Ubuntu, Cloudflare
We used our base Java application connecting to Trader Workstation’s API endpoint. The system ran on an Ubuntu server hosted at the trader’s home. Cloudflare tunnelling was used to expose the web application outside his home firewall.
Confidence away from the screen
The trader started his day pre-market by reviewing his alerts. After market open he was able to enjoy his day with non-trading activities, confident that Talosian’s software would alert him to adverse market moves.