PRO OPTICUS.

ProOpticus is professional derivatives software providing users with a comprehensive and integrated solution for option valuation, risk management and trade execution. Our customers include professional independent and proprietary traders, leading hedge funds, four of the world’s largest FCM’s, top tier investment banks and Fortune 500 energy companies. ProOpticus can be customized to fit the specific needs of a wide range of financial industry professionals.

Valuation:
ProOpticus offers an abundant array of pricing models and skewing methods to deliver option values that incorporate and maximize the variables prescribed by the user. Option valuation is the basis of accurate and meaningful risk measurement and management.

ProOpticus currently includes:

1. •Twenty One Option Pricing Models from Futures to Exotics
   

2. •Sixteen Skewing Methods
   

3. •Two Methods for Calculating Greeks
   

4. •Fixed vs. Floating Valuations
   

5. •Volatility Path Modeling
   

6. •Option Strip Calculator for Pricing Multiple Option Months
   

7. •Dynamic Delta Sheet for Real-Time Option Values
   

8. •Commodity Specific Pricing Tools
   

9. •Interactive and Dynamic Graphic Interfaces
   

10. •On the Fly Pricing Adjustments
    

11. •Printed and Electronic Delta Sheets
    
    

Execution:
ProOpticus offers connectivity to multiple electronic trading platforms and floor systems, as well as to back office and clearing systems. ProOpticus users have the ability to execute trades electronically through our eProTrader views and/or manually input trades executed in the hybrid market place. ProOpticus users can:

1. •"Click trade" Using our eProTrader Dynamic Delta Sheet
   

2. •Autoquote and Execute via eProTrader Auto Quoter
   

3. •Enable Heat Map for Visual Alerts of Possible Trades
   

4. •Set Audible Alerts for Possible Trading Opportunities
   

5. •Hedge and Trade Using our eProTrader Underlying View
   

6. •Trade Spreads via the eProTrader Underlying Spread view
   
   

Risk Management:

Insitutional Customers (Universal Risk Manager)

1. •User Defined Batch Based Risk Management System
   

2. •Enterprise Risk System from Macro to Micro Levels
   

3. •NLV and Securities on Deposit Analysis
   

4. •Real-Time Intraday Prices from Multiple Data Sources
   

5. •Evaluate Risk Across all Product Classes and Exchanges
   

6. •Sort Risk by Exchange, Account or Product Group
   

7. •Sort Risk by Dollar Value or User Defined Parameters
   

8. •Aggregate Firm-Wide Positions
   

9. •Stress Risk by Product, Group or Expiry
   

10. •Asymmetric and Symmetric Risk Secnarios
    

11. •Apply Sdev, Percentage or Fixed Price Moves
    

12. •Apply Fixed or Percentage Volatility Shocks
    

13. •Publish Templates to All Users
    

14. •Advanced Multilayered Filtering
    

15. •Calculation and Summary of Position Greeks
    

16. •Multiple Reporting and Evaluation Printouts
    

17. •Risk Slide Reporting Across Price and Time
    

Electronic Trading Groups (Real Time Risk Manager)

1. •Real Time Post-Execution Risk Analysis
   

2. •Receive Fills Directly From Back-End Host
   

3. •Receive Prices Directly from Exchanges
   

4. •Evaluate Risk Across all Product Classes and Exchanges
   

5. •Sort Risk by Exchange, Account or Product Group
   

6. •Sort Risk by Dollar Value or User Defined Parameters
   

7. •Advanced Multilayered Filtering
   

8. •Calculation and Summary of Position Greeks
   

9. •Individual Trader Commission Analysis
   

10. •Calculate Split Percentages for Backed Traders
    

11. •Multiple Tabs and Windows for Grouped Traders
    

Professional Group and Independent Traders (Market Makers, Hedge Funds, Commercial and Institutional Traders)

1. •Calculation and Display of Greeks
   

2. •Position and Inventory Maintenance
   

3. •Position Analysis over Varying Price & Volatility Scenarios
   

4. •Position Analysis by Calendar Date
   

5. •Position Analysis by Time Bucket
   

6. •Aggregate Multiple Positions into Portfolio Manager
   

7. •Ability to Normalize Related Instruments
   

8. •Calculation and Display of Normalized Greeks
   

9. •Inter-Commodity and Intra-Commodity Beta Weighting
   

10. •Calculation and Display of Beta Weighted Greeks
    

11. •Ability to Link Volatility Between Related Instruments
    

12. •Calculation of OEG, OEV, dDelta/dVol, dVega/dVol
    

13. •Weighted Vega Calculations
    

14. •Calculation of Sdev Moves
    

15. •Dissemination of Volatility Surfaces to Group Traders
    

16. •Real-Time Risk for Electronic Trades
    

17. •Commodity Grouping Functionality
    

18. •Calculation of TV Premium and Intrinsic Value
    

19. •Import/Export Features to Interface with Back Office
    

20. •Eleven Printable Risk Reports with User Preferences
    

For a detailed listing of the prices associated with ProOpticus please contact an Advantage Futures sales representative with any questions at 312.347.4800, or email us at ContactUs@advantagefutures.com.