LUMINA ORDER ROUTING - LOR

www.luminaamericas.com

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LOR (Lumina Order Routing) is an Order Management and Routing system for Capital Markets covering all

the aspects related to the trading operation.

LOR receives orders and instructions from clients and send them to the Market. Furthermore, receives from the

Market the information of the executions and resolve the assignment to the corresponding counterparties

• Orders and Instructions Management.

• Real-time dispatching and reception of transaction and information to and from the Market.

• Execution Assignments.

• E-Trading. Integrated with financial counterparts and Exchanges by using the FIX protocol.

• Valuations of positions and Intra-day Profit & Loss (P&L) per client account.

• Support for Basket and Tickets Operations.

• LOR (Lumina Order Routing) is used by different kind of users of brokerage house and markets

leaderships: traders, sales traders, middle office users and security administrators.

• Supports multiple legal entities gathering the operations for both Banks and Brokerage Houses.

• Allow processing high volumes of transactions, indispensable for business that focus their core in

electronic trading (Black Box Trading).

• Counterpart Integration via standard FIX Protocol.

• Manage every type of trading orders.

• Trading Operations supported integrally.

• Real-time visualization of operations status.

• Smart Order Routing.

What is it?

What is it for?

Who uses it?

Why should it be used?

LUMINA ORDER ROUTING

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Order Management and InstructionsTickets and Orders MonitorLOR provides an order and tickets monitor from the place where the operations with the markets are managed, such as:

• Complete support of tickets (instructions): creation, modification, cancelation, fusion/disaggregation, etc.

• Creations, modification and elimination of every type of orders supported by the market.

• Real-time follow up of operations status.

• Benchmarking against market average and profits and loss estimation per operation (P&L).

• Operations reporting administration facilities.

• Basket Operations management.

• Daily Limit Control by Contracts and Traders, with permanent or periodic validity.

Overview

Auto Execution TicketsBesides of the “manual tickets” from which the users create the

order, LOR supports “auto execution tickets” that allows the

automatic generation of several buy-sale orders following a given

algorithmic.

FUNCTIONALITY

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Support for different type of prices LOR allows capturing operations, taking the markets condition in

order to establish the price:

• Limit: If the price entered by LOR user is not on “a valid range

for the market”, the system will alert about.

• Bid/Offer: the system creates price-limited orders with the

prices published by the Market.

• Mid: the system creates price-limited orders with the middle

price among Bid and Offer.

• Last: the system creates price-limited orders with the price of

the last event received.

• Ticks: it can be specified how many Ticks (up or down) over

the condition of the specified price would be wished for

applying to the order. For instance, “price of the last operation

minus one Tick”

Automatic ticket executionLimits control monitor

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Position and P&L Calculation Tools• Valuation of positions by account and financial instruments: LOR keeps an ADR position, ordinary actions positions, and a consolidate

position for both of them.

• Intra-day P&L Valuation against the Market price.

• Update and valuation of P&L in Real-time.

Other Features• XOR – Ability to incorporate Algorithmics.

• Dropcopy utility.

• SOR: Smart Order Routing ability across multiple markets

for achieving best execution in terms of price and liquidity.

ADR (American Depositary Receipts) Register LOR provides a tool to allow the trader registering manually the ADRs (external market operations) information managed in external

systems. This allow users getting a consolidated view of the positions for a particular account/instrument, including operations with ADRs

and the ones executed in local Markets.

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Monitor of Tickets/Orders ExecutionsLOR users can access to a real-time visualization of tickets and orders status, with multiples configurable filters.

LOR provides a screen which includes average market prices; average operations prices; amount-time-execution price for each order and

instruction, including history.

A tool named “compress” provides a consolidated view for every security and its execution price.

Order execution screen

FUNCTIONALITY

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APPLICATION CONFIGURATION

Communication with the MarketBetween LOR and the Market, there are real-time communications:

• Send orders and receive executions: LOR sends captured orders to the Market and receives back the executions in order to perform

the Allocations of the orders.

• Market Data reception: LOR daily registers the Market information related to prices; brokerage house´s operated volume, market

liquidity & issuer indices, among other things.

• Strategy Selection: Ability to specify orders and tickets routing strategies for multiple markets.

LOR provides high flexibility for configuring the business organization, alerts and security access.

Accounts and Financial ProductsLOR users can personalize the system by means of:

• Configuration of the different products operated in the Market and the specification of baskets of products with a given

proportion.

• Client / Account configuration.

• Commissions definition at various levels: account, daily operation, ticket.

SecurityThe system controls the functionality access across a number of permission defined by differente roles. Permissions are bi-dimensional;

where the administrators can configure access to functional elements (E.g. orders capture) as well as data elements (E.g. entities, port-

folios).

LOR additionally supports encrypting standars (SSL).

Configurable AlertsLOR allows alerts personalization to announce system or markets events, such as:

Non executable orders in a given period; new financial products information; executions, assignments and non-assignments.

Depending on the configurations, alarms are useful for types of users (Traders, sales traders, middle office users) or specified users inside the

system.

Configurable Alert Screen

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TECHNICAL ASPECTS

Usability

All the LOR´s screens have aspects that improve and simplify users’ tasks:

• Exportation to MS Excel ® from every maintenance screens

• Exportation to a CVS (Comma Separated Values) archive from every monitor

• Filter and order by column, in every screen with lists

• LOR allows generating operatives and regulatory reports, manually and automatically (end of the day process). The reports are in MS

Excel o PDF format.

LOR provides configurable monitors which allow “look and feel” per-

sonalization of Trading Monitors.

Operative report in MS Excel format

Regulatory report in PDF format

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• Configurable pivot grids give the user the ability to define its own preferred layouts and to store them for future use. These layouts can

be shared with other users as well to browse other businesses information with the same data format

• The pivot grids allow a user to add/remove fields, change grouping order by row or column and even view different content in the

report by simply dragging and dropping the different fields from the right panel. All row and column categories can be sorted or filtered

individually.

TECHNICAL ASPECTS

DataSetsLOR provides a feature denominated DataSets as a parameterized mechanism for extracting date from the DB in order to construct inter-

faces, reports or plain data. By using DataSets it is possible to build sophisticated processes for extracting or converting information from

Lumina with the following advantages:

• No extra cost to build interfaces inside Lumina.

• Lack of vendor dependency to new interfaces o data conversions.

• No need for upgrading system version.

• Users can design their own reports and incorporate them to the system.

Data ConversionData Conversion feature in LOR

provides the ability to import and

export to MS Excel all the information

related to different business entities

in the system (accounts, contracts,

instruments, books, market data, etc.).

DC are particularly useful for initial

uploading and setup of the application

as well as for migrating info between

different environments and

pre-built test cases.

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TECHNICAL ASPECTS

Validation Chains – Pre-Trade Checks

Lumina incorporates validation chains to events related to orders and transactions, which determine the behavior of catch report-

ing error, exception or warning.

Pre-Trade Checks – Orders

Pre-Trade Checks – Transactions

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TECHNICAL ASPECTS

View administration in spreadsheet like ViewsViews can be customized inside Lumina Treasury for any spreadsheet like view. The customizing includes reordering columns and hiding

them, customizing the view to the user’s need.

Once the customizing is done, the user can save this new layout.In this way, the user can customize the same monitor with different information based on his/her needs and depending on the tasks he/

she wants to perform.

Many views can exist on the same spreadsheet like view within Lumina and for the same user. All these views are private to the user who

created them, but having the possibility to publish them and make them available to other users.

The customizing of views also include options like defining a view a the default view and auto re sizing columns.

Data WarehouseLOR incorporates a warehouse which acts as a general repository for storing and flattening information from the system to be consumed

by external interfaces. Entities can consume that information based on a simplified view of the Lumina data model, where main system

components are stored. The module also allows the use of a historic paralell database as well as clean-up processes and permanent

consolidation.

Webservices for Web Portals

LOMS incorporates Webservices to be used in the financial institution web portal as a mechanism to publish/receive order and report

balances and pre-trade checks.

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TECHNICAL ASPECTS

RTAThis module enables the automatic execution of use cases (Or test cases) for the main functionalities of the system, by using specific MS

Excel spreadsheets with the use case configuration. It simulates the use of the system by running daily activities. Outputs (Report, text files,

and queries) are validated and compared against a number of expected baseline results (Including performance). RTA is used intensively

in Regression Test processes.

Process Monitor• Centralized and real time monitoring of processes in execution.

• Dynamic administration of execution threads.

• Task distribution in different nodes.

• Distribuir tareas entre diferentes nodos.

• Multiples schemas for associating task to processes.

Model Bank Lumina Model Bank is a pilot installation of Lumina suite configured to cover all the common functionality provided by all possible product

installations Lumina. This configuration can be taken as a basis for the following activities:

• Preliminary Projects / Requirements Analysis.

• Early Installation (initial) in Client.

• Development and Unit Testing.

• Regression Testing.

• Pre-Sales / Demonstrations.

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Integration EasinessThere is a standard API to interface in information into Lumina:

• Transactions

• Instruments

• Clients

• Portfolios

• Market Prices and Coupons (Structured & Non Structured)

The interface can be scheduled in time, works on top of an internal/

external code matching process and is able to generate e-mails upon

completion to notify any errors. This interface can be easily modified

to comply to any sort of transport technology needed.

Processes• Report Batch Execution

• Customized Scheduled Tasks

• Monitoreo de Procesos

• Maker & Checker for complex structures

(contracts, settlement instructions, account, etc),

including Dual Control and e-mailing.

• End of Day Batch Processes for Areas (front, middle,

back, and accounting) with padlocks and controls.

• Tasks’ Preconditions for controlling dependencies.

Scheduled task editor

TECHNICAL ASPECTS

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OUR COMPANY

Lumina Americas is a regional consulting and technology service company based in Latin America with offices in Argentina, Mexico and a representation in Spain.With more than 14 years of experience developing solutions for the Financial Services

Industry in Latin America, we develop mission critical software solutions to help our clients

build and support their high-performance businesses.

Lumina was formed as a spin-off of regional application development team of JPMorgan

Chase Bank (April 2001)

More than 100 professionals with extensive technical and financial experience

Strong team-work and collaboration culture with more than 10 years working together

Owned and existing solutions for serving the financial market

Software Components and Frameworks

Advance CMM practices

Combination of resources for the whole life-cycle of software projects

Top 40 Argentinean Companies in quality of labor environment

“Proven experience developing, implementing and supporting

mission critical financial systems”

Application Development – Customized Projects

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OFICINASBuenos Aires:

Av. Pueyrredón 2446, 7ºpiso

C1119ACU - Buenos Aires, Argentina

Tel:. +54 (11) 4131-8500

Fax: +54 (11) 4131-8539

México:

Sierra Candela 111, of 412 (11000)

Col Lomas de Chapultepec, CDMX.

Tel: +52 (55) 5985-0559/7453

e-mail: info@luminaamericas.com

Representación Comercial en España

Tel.: +34 618191694

e-mail: info@luminaamericas.com

Visit our website: http://www.luminaamericas.com

Sales, Implementation and Integration

System Integrations

Technology Consulting

CLIENTES

• JPMorgan Chase

• Credit Suisse

• HSBC

• UBS

• Deutsche Bank

• Banco Voii

• Intercam Casa de Bolsa

• Barclays

• Actinver

• Grupo Financiero Intercam

• Grupo Financiero Ixe-

Banorte

• BTG Pactual

• Akaan Casa de Bolsa

• Grupo Financiero Multiva

• Grupo Financiero BanRegio

• Altor Casa de Bolsa

• Kuspit Casa de Bolsa

• Banco Base

• BHD León

• Bursamétrica

• Sura