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Ours is a visionary, open-architecture system that allows traders and risk managers to effortlessly
manage transactions across multiple markets. It’s
a real-time, straight-through-processing environment straight through to
the future.
We’re OpenLink.
Founded in 1992, we are a leading global developer of software solutions and support services for trading, risk
management, and operations professionals in various financial and energy markets. From our headquarters on
Long Island, New York and offices in London, Houston, Berlin, Sydney, São Paulo and New York City, OpenLink’s
experienced staff supports a growing client base that includes some of the world’s leading financial institutions,
energy concerns, and other corporate entities.
Findur TM is OpenLink’s fully integrated, front-through-back-office solution for trading, risk management, and
operations needs in various financial markets. Findur is a comprehensive solution serving markets in interest rate
derivatives, fixed income securities, foreign exchange, money markets, metals, and other commodities.
Endur TM is OpenLink’s fully integrated, front-through-back-office solution for clients who manage trading and risk
management, as well as logistic and operations functions in the key energy markets, such as crude, electricity,
natural gas, and refined products.
Never Again Be Outpaced By Changing Markets
OpenLink started with a core conviction and a central vision — that trading, risk management, and operations
in today’s ever-changing financial marketplace require a truly integrated and open architecture. A flexible and
adaptive framework that could convert labor-intensive, front-through-back-office tasks into highly efficient,
automated processes to support the unique requirements and best practices of traders, risk managers, operations
experts, and technologists.
Findur links your front-, middle-, and back-offices with functionality that
was expressly designed to cover the entire transaction life cycle of a
deal. All transactions are processed in real time, in a straight-through-
processing environment, giving you greater control over your market,
credit, and operation/processing environments, including inherent risks
and limits.
At every critical juncture, Findur provides the tools you require to create
the best solutions for your trading, risk, and operations needs.
Equally important, as an enterprise-wide risk management system, Findur further leverages its advanced
analytical infrastructure, flexible modeling framework, and efficient integration and interfacing features to
handle a wide range of risk management requirements and applications. Unlike first-generation risk systems,
Findur’s risk foundation is built with instrument encapsulation (IE) modeling — not with static and unintelligent
equivalent cash flows. In other words, Findur performs evaluation at the instrument level, not with “proxy” cash
flows. This IE approach delivers many unique benefits. Among other things, it allows you to evaluate risks in terms
of market (across a wide spectrum of financial and commodity markets) and credit, as well as operational and
volumetric (physical) exposures against various asset classes and products.
Another significant benefit of IE is its comprehensive generation of transaction events. These events, normally
needed for operations processing, can now be utilized for capturing components of operational risks. Other IE
benefits include capabilities that enable you to capture “pricing model” risk; preserve prior investments in
proprietary analytics; capture structuring risk; and integrate new risk technologies.
Findur, in fact, redefines operations processing with its extensive integration capabilities. Focusing on the
automation of repetitive and labor-intensive back-office tasks, Findur streamlines operations services including:
rule-based trade processing, custom hedging strategies, profit and loss allocations, real-time exception alerts,
confirmation generation, settlements, and sub-ledger posting, providing significant increases in productivity and
cost reduction even in the most demanding back-office environments.
By leveraging Findur’s integration capabilities, OpenLink clients can preserve significant investments made in
various front- and middle-office tools. Seamless integration allows traders to continue using their favorite
spreadsheets, while benefiting from the added functionality of real-time credit and limit monitoring, real-time
position pages, automated operations services, and various straight-through-processing capabilities.
By every measurement, Findur — from front- to back-office — revolutionizes the term, “best of breed.”
Although many vendors claim to offer cross-market, integrated solutions, many of these are actually nothing
more than stitched-together patchworks of separate systems or modules. OpenLink is one of the few solution
providers with a proven record in providing true, cross-market, integrated production solutions for a wide range
of banking clients. In addition, our Next Generation eXtensible (NGX) Framework, the foundation of all of our
solutions and products, provides facilities and services to take on the organizational challenge, transforming
technology’s "necessary evil" image.
No special interest systems. No patchwork solutions. And, most important, no worries about how to integrate
technologies that have yet to reach the radar screen.
Performing Across Multiple Markets
Here is a brief look at how Findur can enhance your capabilities.
Capital Markets
You can create added value by streamlining trading, risk, and support for all capital market products under
the umbrella of one integrated solution. Whether you are issuing a structured note with embedded options
or buying a six-month T-Bill, Findur is designed to support a wide range of security types from the simple to
the most complex. Instrument coverage includes: asset-backed securities, medium-term notes, government
bonds and notes, corporate high-grade and high-yield bonds, U.S. agency benchmarks, municipal bond securities,
asset swaps, dual-currency bonds, bond options, and bond futures.
Asset/Liability Management
Traditional accounting-based asset/liability management practices are
giving way to more advanced, risk-based modeling techniques. By
looking at assets and liabilities through a dynamic risk management
framework, you can manage your balance sheet more dynamically,
effectively — and realistically. Findur provides you with all the tools
you’ll need to compete and succeed in the brave new world of
asset/liability management.
• Flexible and customizable technology Designed from a trader’s perspective and refined with valuable input from major trading desks and leading
financial firms worldwide, OpenLink’s Findur redefines the trade capture process with the following key
• Simplified deal entry
components: our Universal Curve Engine, Trader Desktop and TFE technology, real-time position pages, and an
• Customized input optional Toolkit product. There is no more flexible and advanced deal-capturing system in today’s market than
configurations Findur.
• Ability to capture instant updates
At the core, OpenLink’s unique Universal Curve Engine drives Findur,
• View and model multiple markets and allowing traders to not only manage, but also master market attributes
attributes with ease and rapidity. With Findur, flexibility is the norm. Whether
you’re creating synthetic lease curves in gold, adding alternative curves
• Universal curve engine
with basis or “parent-child” relationships, or experimenting with new
• Cross-market functionality curve structures for emerging markets, OpenLink’s Universal Curve Engine
provides an unparalleled foundation. Its benefits have been proved time-
and-time-again by the world’s leading financial institutions.
Findur gives you the best tools to make the right decisions. So you don’t just
trade — you trade smarter.
Manage Risk With Confidence
• Market risk management At every moment of the business day, traders and risk managers need to have a dynamic understanding of the various
levels of market, credit, settlement, and operational exposures. From the portfolio level to a view of your entire
• Credit risk management
enterprise, Findur presents a complete and accurate picture
• Portfolio management of your risk profile.
• Stress testing
When risks are clear,
Unlike early-generation risk management systems, Findur
• Monte Carlo and parametric risk doesn’t just superficially map cash flows and then compute decisions are easier.
models critical risk measurements like Value-at-Risk from these
proxies. Instead, Findur features advanced "instrument-
• Scenario analysis
based" modeling, capturing all market-specific and structuring-related attributes. This allows exposure, sensitivities,
• Historical analysis and "what if" risk analytics to be calculated accurately at the instrument level, no matter how complex they are.
Delivering a far superior risk profile.
• Simulation
Findur puts decision making firmly within the grasp of
the decision maker. All risk analyses are calculated from
optimized numerical simulations, and Findur’s robust
analytic capabilities provide expeditious answers,
eliminating a dependence on shortcuts that might deliver
unpredictable results.
The long and the short of it all? Findur clients can now trade more effectively and
intelligently, because Findur improves their ability to monitor and control enterprise risks in
real time. And trading smarter opens the door to greater profits.
Run Operations with Ease
• User-defined processing workflow and Often overlooked, operational risks can potentially cause losses that are far greater than those attributed to
scheduling capabilities market and credit errors combined. That’s why we have developed Findur with such a strong focus on operations
• Integrated transaction event-based and operational risk management. With its extensive processing facilities, Findur empowers you to manage your
modeling operations in an automated environment, while at the same time enabling you to exercise effective control.
Exception-based Processing Facility can capture and apply any custom or proprietary logic to any unique
trade-processing requirement. For instance, it enables you to configure Findur to highlight as
exceptions any new deals that carry unusually high payments or mark-to-market values. This
makes it easy for your Operations staff to immediately review deals identified as exceptions
for data entry errors or, more important, integrity issues.
In short, when a trade is captured, the front-, middle-, and back-office environments
become one with Findur.
Findur. Your OpenLink To The Future
Implementation and Project Management
OpenLink’s implementation team begins its mission by first developing an understanding of your business
processes, operating environment and reporting structure. Then, using a finely tuned and rigorous project
management plan, the team draws upon the skills of each member to provide the implementation process with
early “wins” that help to guide the project steadily and efficiently to a successful cutover from your current
operating environment to Findur’s robust, straight-through-processing environment.
Once you go live with Findur, you’ll begin enjoying the benefits of a system that was designed to deliver state-
of-the-art functionality today with tomorrow’s ever-more-demanding requirements already in mind.
Support
Helping to energize Findur’s technologically advanced support structure is one of OpenLink’s most important
assets — our knowledgeable and talented employees. They bring a client-centric focus to the marketplace,
working not just to meet but to exceed your expectations.
Technology
The dynamic properties of NGX enable our solution set users to operate
in the most flexible and scalable production environments, placing the
best means to achieve effective solutions literally at their fingertips. Our
users never have to worry about how to keep pace with new
technologies, because the dynamic component covers legacy (e.g.,
MQ Series), proven (e.g., TIBCO), and emerging (e.g., XML and EJBs)
technologies seamlessly.
The integration component highlights the platform’s awareness, capabilities, and facilities in integrating Findur
(or Endur) in any client environment. Whether you are deploying the solution as part of “best of breed” strategy
or as a truly integrated, front- through back-office solution, the Integration component will function equally well
in both scenarios.
Our NGX Platform opens the door to emerging applications and revolutionary architecture. NGX is a living
environment that will keep OpenLink and its clients at the forefront of our respective businesses.
Current Products and Key Components
The OpenLink NGX Platform, which drives Findur, uses a “layered approach” to create a flexible and scalable
solution environment.
• With the Presentation Layer, both Findur and Endur smart-clients deliver class-leading, unparalleled richness
and flexibility in graphical user interface (GUI). Specially designed Trader Desktop or TFE technology provides
spreadsheet-like functionality for fast deal entry as well as integrated real-time position management
facilities. It runs on both Windows 2000 and Sun Solaris operating systems.
• The Middle-tier Layer supports the most demanding requirements, backed by a robust messaging service
that combines TIBCO’s Rendezvous Bus and native database APIs. Whether you are a financial firm providing
more than 50 customized or proprietary multi-dimensional position tracking pages to over 1000 firm-wide Findur
users — or a trading unit that needs real-time monitoring facilities on 20 different credit and risk limits—you
can configure Findur using any number of application servers to get the job done.
• The DataStore Layer supports three major database systems — from workgroup-level
configurations using a Microsoft SQL Server in Windows 2000 to enterprise-wide
implementations that deploy Oracle or Sybase servers in a UNIX environment.
Development Tools
Although Findur and Endur offer unparalleled functionality, flexibility and
configurations, OpenLink clients may still find it necessary to customize a system to
their own unique requirements. Whether these requirements demand alternative
deal-capture screens, integration with proprietary pricing models, or an interface to
other systems or facilities, our NGX Platform provides a range of products — such
as Connex and Toolkit, as well as other integration tools — to make it all happen.
Why not discover what Findur can do for you? Call or e-mail us today.
New York • London • Houston • Berlin • Vienna • Sydney • São Paulo www.olf.com