SPARK

Managing your entire investment process

Spark is a highly verstatile OMS/PMS, Compliance and Accounting System tailored to your firm's specific needs

Spark

A unified platform that integrates Model Management, Rebalancing, Order Management, E-Trading, Compliance, Fund and Investor Accounting and Client Communication and includes comprehensive SMA workflow automation

Crystal Clear Portfolio Insights
Quickly see your portfolios’ sources of risk, return and over/under weights at any level, by any cut. Flexible workspace allows you to quickly and accurately see what’s important to your investment style and for your asset classes.
Simple but Robust Order Generation

Create simple orders in two clicks, or accurately generate complex rebalances for thousands of accounts in seconds.

Zero Compliance Breaks

Best-in-class pre/post trade compliance ensures breach free rebalances, positions and trades.

Effortless Execution

Electronically trade, error free, with over a thousand Brokers, DMAs, ECNs & ATSs with no per-transaction fees. Save time with automatic short-locate/borrow, commission tracking, and soft dollar budgeting.

Understand your Alpha

Performance Analytics decompose and compare your performance internally or externally using sophisticated and customizable contribution and attribution analysis.

Integrated Fund and Investor Accounting

Maintain the overview of your financial position, so you can help your clients with everything from balances and income statements to Real time NAV calculations.

Guaranteed Accurate Positions

Ensure position and transaction accuracy with seamless electronic connections and automated reconciliations to custodians, prime brokers, ISDA counterparties, administrators, and banks.

ljalsdj lkajdlkfja lakjdf alkdjfalkd

lkjaldskjf lakdflaksdlf kjasdlfkj askldfj laksf jaksdfj laksfdj alksf jaksjf laksfdj askdfj laksjdfñ laksjd laksjfd laks.

 

Portfolio Management

  • Real-Time positions, prices and analytics.
  • Calculated market values, exposures, and other derived values (based on market prices).
  • Reconciled quantities vs. prime brokers, administrators or custodians.
  • Interactive pivoting/subtotaling at summary, detail and lot level holdings.
  • Gross, net and greek adjusted weights.
  • User calculations to enable proprietary valuation and risk models.
  • Include local data in views (from spreadsheets, files or databases) with just a few clicks.
  • Build and save custom views in minutes.
  • View onscreen, web & PDFs.

Complex Rules-Based Order Generation & SMA Rebalancing

  • Orders quickly generated by target quantity or target weight.
  • Account rebalancing to itself or to a benchmark/model.
  • Gross-up/down of the portfolio or a specified segment.
  • Comprehensive pre-trade compliance.
  • “What-If” analysis of the impact of proposed trades on exposures, compliance and risk.

Risk

  • Scenario analysis/stress testing with shifting of the underlying benchmark/index, volatility, or currency.
  • Extensive set of liquidity risk measurements and alerts.
  • Value-at-Risk VaR calculations with support for several different models including user tunable Monte Carlo and historical.
  • User tunable Cox Ross Rubenstein options pricing model.
  • Fund and firm level capitalization/margin stress testing.
  • Historical/time-series.
  • Warnings/alerts flexible alerts engine can be configured to, depending on the severity, simply show warnings on-screen, highlight problems in an end of day report, or send a priority email to the investment committee or investors.

Order Management

  • FIX based electronic trading with over a thousand Brokers, DMAs, ECNs, ATSs and STP networks.
  • No per-transaction or cross-connect fees.
  • Connection to all Execution Management Systems.
  • Electronic trade files to custodians, prime brokers, ISDA counterparties, administrators and banks.
  • Flexible and powerful allocations to quickly allocate trades across several or thousands of accounts.
  • Automatic short-locate and borrow.
  • Pre-trade compliance.
  • Commission tracking.
  • Soft dollar budgeting.
  • Global ownership filing alerts (long and short) and takeover panels.
  • Equities, options, futures, fixed income, FX, swaps, structured.

Performance

  • Performance attribution/contribution analysis by any standard “cut” of the portfolio (security type, country, industry, etc.), or by any method of internal tracking (strategy, sub- strategy, analyst, trade idea, etc.).
  • Decomposition of returns by realized, unrealized, security, FX, dividend, interest, internal/external expenses, etc.
  • Support for one or more public or custom blended benchmarks for performance attribution and comparisons.
  • Tick-by-Tick fully loaded P&L.
  • Full portfolio history maintenance for historical analysis or comparisons.

Assets

Equity

  • Listed equities.
  • Private equities.
  • Warrants/rights.
  • Listed and OTC equity options.
  • CFDs/equity swaps/P-Notes.
  • ADR/GDRs.

FX

  • Spot FX.
  • FX Forwards (deliverable and NDF).
  • FX Options (vanilla and some exotics).

Other

  • Structured.
  • Spreads.

Futures/Commodities

  • Financials.
  • Metals.
  • Energy.
  • Agricultural.
  • Other.

Private Equity

  • Venture Capital.
  • LBO.
  • Distressed/Mezzanine.
  • Real Estate.
  • Physical Assets.
  • Other.

FI, Cash and Equivalents

  • Cash.
  • Treasury bills.
  • Sovereigns.
  • Corporates.
  • Municipals.
  • Discount notes.
  • Commercial paper.
  • Bank loans.
  • OTC options.
  • FRAs.
  • IRS.
  • CDS.

Compliance and Surveillance

  • Pre/post trade compliance.
  • UCITS, 40 Act, FSA, MiFIDII, etc.
  • Risk (VaR, scenario and liquidity).
  • Performance analysis.
  • Global ownership filing alerts.
  • Web and mobile reports.
  • Alert recalculation/reevaluation according to every new market tick to ensure full and consistent compliance.
  • Alert notification customization according to alert severity (screen, email, mobile, etc.).
  • Alerts customization option to be built upon user calculations to enable surveillance of proprietary valuation and risk models
  • Equities, options, futures, fixed income, FX, swaps, structured, true multi-currency.

Operations

  • Security master provided for most global listed securities (no more security setup!).
  • Data and automation for corporate actions processing.
  • Automated exercises, assignment and expirations.
  • NDF fixing.
  • Equities, options, futures, Fixed Income, FX, swaps, structured.
  • End of Day electronic trade files to custodians, prime brokers, ISDA counterparties, administrators and banks.
  • Automated reconciliation of positions, cash and transactions.
  • Comprehensive data integrity reports.

Accounting

General Ledger for Fund Accounting

  • Balance sheet/statement of financial position.
  • Trial balance.
  • Income statement.
  • Statement of cash flows.
  • Profit & Loss.
  • Income, expenses and fees.
  • Receivable/payables.
  • Subscriptions and redemptions.
  • Accruals and amortizations.
  • Real-Time NAV calculation.
  • Daily NAV within minutes of the close.
  • Tax Lot management with a host of tax lot reporting as well as custom tax lot disposition providing full control of over the tracking and liquidation tax lots.
  • Equities, options, futures, fixed income, FX, swaps, structured.

Investor Accounting

  • Subscription and redemption management.
  • High water mark performance fee calculation.
  • Support for multiple levels of fund share classes and fee levels at both the entry level as well as the subscription and redemption level via Share Class Management Spark Support.
  • Specifically tailored end of day/month reports for each investor.

Budgets and Forecasting

  • Real-Time OCC margin prediction (TIMS).
  • Excess margin prediction.
  • Cash reporting render cash reports and statements on a current and n+ day projection from expected inflows and outflows.

Data Management

  • Automated reconciliation break reports.
  • Data integrity reports.
  • Automated reconciliations seamless electronic interfaces to custodians, prime brokers, ISDA counterparties, administrators and banks.

Technology

  • Deployable on all Public Clouds, the Athena Private Cloud, or on Client Infrastructure
  • Primary and disaster recovery hosted in our five certified global data centers.
  • World class disaster recovery and business continuity protocols.
  • Top Tier cyber security protection.
  • Athena Content can be accessed from:
    • Our Spark desktop client.
    • Web reports.
    • Excel Add-In.
    • APIs.
    • SQL.

  • Real-Time market data feed handlers for:
    • Bloomberg.
    • Factset.
    • Reuters.
    • Neovest.
    • Any “RDP” feed.
  • Automated file exchange already running and certified for:
    • Most prime brokers.
    • Most administrators.
    • Most custodians.
  • Matching your workflow is our primary consideration.  Athena Systems is always willing to adapt our platform to meet the specific needs of your team.

SUPPORT 24/6

Our support team is always there to help you

New York – Boston – Austin – Madrid –  Mexico City 

Ho Chi Minh – Copenhagen – London

Our Partners:                                                                                                

AMERICAS
Scott Sykowski
Sales: +1 617 755 4001
Support: +1 866 655 2663
Ryan Holmes
Sales: +1 7816261755
12 East 49th Street, 11th floor
New York, NY 10017
United States of America
UK, EUROPE & MIDDLE EAST
Stefano Guarnieri
Sales: +44 207 193 1622
Support: +34 913 519 561

Ryan Holmes
Sales: +1 7816261755
Carrera de San Jerónimo 17
Madrid, 28014
Spain
APAC
Stefano Guarnieri
Sales: +85 281 990 648
Support: +85 281 915 183
Ryan Holmes
Sales: +1 7816261755
11 Doan Van Bo - 23rd Floor
Ward 12, District 4
Ho Chi Minh City
700000, Vietnam