Book a demo

Moving from another risk system

If the system your desk runs on is being retired, or has stopped moving.

Desks moving from FT Options, Mosaic, MicroHedge (FIS) or Derivix. Options risk platforms have a long half-life, and a desk stays on one because the cost of moving is unknown, not because the software is still good.

The words you already use.

A desk that has run on an options risk system for years has its own names for things, and they are rarely a vendor's names. Here is the same vocabulary, pointed at where it lives in Lavender.

  • The morning sheet — each name's P&L across spot moves. Risk slides →
  • The risk slide, the risk matrix, the spot-vol ladder — the book repriced across spot and vol shocks. Scenario grid →
  • The montage — every expiry and strike, with live greeks. Volatility →
  • Dollar greeks, cash delta, beta-weighted delta, weighted vega — the book's exposure in the units a desk reads. Desk-wide risk →
  • Haircuts and headroom — exchange-style haircuts by product group, with Reg T and portfolio margin beside them. Margin →
  • Pin risk and the early-exercise report — into every expiry. Expiration →
  • The start-of-day file and drop copy — positions from each clearing firm, current all day. Positions →
  • Vol marks, vol curves, the skew editor — your marks, driving your theos and your risk. Vol marks →

What moving actually involves

The cost of moving is the thing no vendor can quote you.

So we take it off the table. Before anything is signed, connected or installed, you see your own book in Lavender.

Start with your own file

Send us yesterday's start-of-day file — the one your clearing firm already produces. Nothing to install, and no change to how the desk runs today.

Then a parallel run

Lavender beside your current system, on the same book, for as long as it takes to trust the numbers. The book is built from your clearing firms' own start-of-day files, so both systems are reading the same positions.

Differences are information

Where two systems that model American options differently disagree, they should — near an ex-dividend date, deep in the money, in a hard-to-borrow name. The difference represents a potential risk or opportunity.

Options risk management for trading desks. One engine behind Lavender Desk, Terminal, Gateway and Discord.


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Lavender Terminal is an analytics tool and does not provide investment advice.