Options Watch

Options Watch is a unique workflow STP process for option exercise/ assignment and close outs enabling firms to accurately manage their operational risk and drastically reduce the risk of financial loss. Options Watch helps clearing brokers’ middle and back-offices solve issues never addressed before by the Derivatives Industry or the ISV community. 

Options Watch is made of two distinct complementary functionalities: 

1. Option Exercise/Abandonment automated workflow process that reduces the number and the cost of errors:
   • Uploading of positions and static data from Stream
   • Collecting customers’ requests using standard interfaces and channels
   • Systematically performing several sanity checks
   • Authorizing the exercise instructions to be sent to the exchange
   • Managing requests’ exceptions
   • Monitoring market notifications
   • Reporting back to internal teams and customers
   • Feeding the back-office system
   • Providing online direct access for final customers through GL Instant Web
2. Fully automated offsetting (closeout) process allowing firms to save daily man hours and to better assess the risk of being assigned:

• Reconciling the open positions between the back-office and the exchanges
• Automatically sending the close-out instructions to the exchanges