Get the industry`s most advanced analytics in a flexible

Get the industry’s most advanced analytics in
a flexible, modular, easy-to-use solution
Advanced Risk Analytics for:
• Traders
• Portfolio Managers
• Hedge Fund Managers
• Risk Managers
• Research Analysts
PolyPaths Trading & Risk Management System is a versatile and easy-to-use software platform for fixed income
portfolio analysis and risk management that meets a diverse set of needs for bond and derivative traders, risk
managers and portfolio managers. Analysis includes scenario shocks, relative value analysis, pricing, hedging, risk
management to hedging and returns attribution. The solutions are designed to perform risk analytics on a wide
variety of fixed income instruments and can scale from small hedge funds to major banks and broker/dealers.
Trading & Risk Management combines tremendous
flexibility with comprehensive analytic rigor and includes:
“PolyPaths provides our traders with a powerful, yet easyto-use analytical valuation tool. It’s a flexible, well-designed
Comprehensive Instrument Coverage – PolyPaths
covers a wide variety of fixed income securities, loans,
and derivatives, including, but not limited to, MBS, ARM,
CMO, ABS, CMBS, Treasuries, corporates, munis, structured
notes, agency debt, options, currency options, futures,
swaps, CDS, Caps, and Swaptions, cross currency swaps
and foreign currency denominated securities.
application and our traders love the Excel-based UI. At the
same time, it’s a very advanced analytics platform that easily
integrates with our existing systems and models. And it has
built-in distributed processing that gives us tremendous speed
and scalability.”
Trading Desk Manager
Home Mortgage Department
US Bank
Comprehensive Risk and Return Analytics – The solution employs leading-edge interest rate models for pricing and risk analytics. The wide array of risk and
return measures are used daily by active market participants for trading and hedging decisions. The solution
can also perform credit analysis with user assumptions or third party credit models. In addition, PolyPaths offers
historical return and return attribution analytics for buy-side applications.
Speed & Scalability – PolyPaths’ Distributed Processing system is designed to handle large scale calculation jobs.
The robust parallel processing architecture can support grids with hundreds of processors and comes with a web
based management console that continuously monitors the status of the entire grid, greatly reducing administrative
overhead. PolyPaths’ analytics engine also utilizes all the cores in today’s multicore PCs to speed up portfolio
calculations.
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288
Ease of Use – PolyPaths offers an intuitive and flexible interactive user interface. Portfolios can be easily constructed,
pricing assumptions can be easily entered and reports easily viewed. A batch utility also automates routine risk
reporting jobs and simplifies maintenance.
Broad User Applications – Whether actively trading or analyzing pre- or post-trade data, the system boosts
efficiency, performance and investment results for multiple users across the financial institution including traders,
hedge fund managers, portfolio managers, risk managers and research analysts.
Ease of Integration – PolyPaths easily integrates the many user supplied models and data found in most trading
environments. In addition, outputs from the system can be easily exported and fed into other systems. There are
also programming interfaces available to tightly integrate PolyPaths analytics into customers’ in house systems.
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288
Licensing Options
PolyPaths’ Trading & Risk Management can be licensed according to your specific user, processing and
data management needs:
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288
PolyPaths Desktop for Trading & Risk Management
PolyPaths Desktop provides an interactive, single computer solution for pricing, bond relative value analysis and
portfolio risk management. The system provides a flexible, interactive tool for analyzing everything from a single
bond to an entire portfolio. With Desktop, users can easily:
= Construct a portfolio interactively or via batch upload
= Assign portfolio-wide and instrument-specific modeling assumptions
= Customize pricing assumptions for each instrument
= Calculate return and risk measures for the entire portfolio
= Create different reports by selecting from over 1,000 descriptive and calculated fields
= Perform additional analyses such as stress testing, price change decomposition and more
= Mark to market end of day positions and report daily P&L
= Automate overnight risk calculation through a batch utility
Operating Systems Support:
- Microsoft Windows XP Server and newer
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288
PolyPaths Distributed Processing for Trading & Risk Management
PolyPaths Distributed Processing extends the Trading & Risk Management Desktop system to analyze larger portfolios
with complex financial instruments within a client’s time frame. This may be traders who need results within minutes
or risk managers who require reports completed by a certain time on a daily basis.
Distributed Processing is designed for simple installation and minimal maintenance. The Admin Web Interface allows
live management of the calculation grid. The Administrator can manage individual users, sessions, jobs and servers
as well as implement policies on job priority limits, authentication, grid segmentation, lockout periods and more.
The system provides a number of important features and user benefits:
Scalability – Its robust architecture allows Distributed Processing to scale with the size of your income portfolio.
Whether you’re working with 50 calculators or 500, PolyPaths provides stable and exceptional throughput.
High Performance – Its lean design has extremely low overhead and latency to keep the calculators running at
full capacity. This provides you with all the valuations you need right when you need them.
Fail-Safe Architecture – From network downtime to machine failure, PolyPaths’ Distributed Processing identifies
and recovers automatically from any infrastructure breakdowns.
Manageability – A web-based control panel allows monitoring and control of the grid from anywhere at any time.
Distributed Processing quickly alerts users to any issues and provides the tools needed to resolve them.
Hardware/Software Support
- Microsoft Windows XP and newer
- Multi-processor, multi-core and hyper-threading
- Optimized for virtualized server environments
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288
PolyPaths Enterprise for Trading & Risk Management
Risk reporting at the department or company level can be complex and usually involves many different parties
working together in multiple steps. Positions have to be gathered from various sources.
Instruments need to be modeled. Price and pricing assumptions need to be accessed and validated. Consistent
modeling assumptions need to be applied. Calculations need to be done in a specified time frame and exceptions
are common. But, no matter what, reports have to be ready by morning.
Enterprise for Trading & Risk Management leverages the analytics library used in PolyPaths Desktop and the
computation scalability provided by PolyPaths Distributed Processing and adds a data management layer to address
these issues. This combination provides for a number of important benefits:
= Hierarchical account organization
= Fast report dissemination via an easy-to-use web-based interface
= Strong user management and access control
= An audit trail which tracks any changes made
= A robust batch engine that monitors and coordinates various steps in the process
= Intelligent exception handling capabilities to identify, report and in some cases, correct errors, without interrupting
the calculation process
= Comparisons between any two portfolios — same portfolios by date, two different portfolios for the same time
period, or investment vs. index
= Time series analysis
Database Products Supported:
- Microsoft SQL Server 2000 and newer
- Oracle – Version 8i and newer
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288
A Complete Solution for Fixed Income Analytics
A Common Platform – PolyPaths provides a common platform for both Asset Liability Management and Trading
& Risk Management. This integrated approach brings the same front office analytics that drive portfolio and risk
management to the accounting challenges of managing a balance sheet. The solutions are very flexible and applicable
for analyzing everything from a single bond to an entire financial organization.
Industry-Leading Partners – PolyPaths’ solutions integrate directly with the leading quality financial data and
risk modeling providers in the industry including Intex Solutions, Andrew Davidson & Co and LPS Applied Analytics.
Attentive and Personal Customer Support – PolyPaths supports its clients aggressively with the industry’s
most responsive and complete customer support. We encourage customer inquiries and feedback. User training
is frequent and effective, live in person or via web conference. We also stay in close contact with customers continuously monitoring their feedback on evolving industry trends in fixed income analytics and income simulation
and incorporating it into our products.
“PolyPaths has excellent support and follow through. It’s
something that really differentiates them from their competition”
Jim Zaikoski
Market Risk Officer
Federal Home Loan Bank of Seattle
For more information on PolyPaths Trading and Risk Management, or to set up a demonstration,
email [email protected] or call 212.332.6288.
PolyPaths was founded in 1996 to create a versatile, easy-to-use, fixed income analytics solution with uncompromising analytical rigor. Today,
the company is the market leader in advanced solutions for fixed income analytics. Its platform leverages its founders’ vast experience in
high volume, sell-side systems and combines the modeling rigor and user control of a single sector trader with the universality of a general
portfolio manager. The resulting system meets the diverse needs of multiple users in the front and mid-office of financial organizations
including traders, hedge fund managers, portfolio managers, risk managers, research analysts and asset liability managers.
PolyPaths, LLC | 1 Rockefeller Plaza Suite 1700 | New York, NY 10020 | www.polypaths.com | (212) 332-6288