In development · 2027 Know the effect before you trade.
X-BALANCE holds each fund’s allocation bands, checks them at every valuation, and simulates a proposed trade against rules, risk, liquidity and NAV before it is sent. Bands and the pre-trade check are in the product today; the strategy workbench follows in 2027.
- 4
- dimensions for bands: asset type, currency, sector, country
- 2
- full valuation runs per pre-trade check: before and after
- 0
- rows written to the book by a simulation
- 2027
- strategy workbench with rebalancing proposals
Three questions a CIO asks
- Question Are we inside our bands?
A minimum and a maximum per asset type, currency, sector or country – checked at every valuation, with the positions behind each band.
- Question What does this trade do to the fund?
The valuation runs twice, without and with the draft orders. Rules, exposure, NAV, liquidity and VaR are shown before and after.
- Question Can we try it without touching the book?
Yes. The simulation works in memory and writes nothing.
Allocation bands, checked at every valuation.
Each fund carries its strategy as bands. Every valuation stores where the fund stands within each one, in percent and in money.
- Bands per asset type, currency, sector and country
- Minimum and maximum in percent, converted into amounts
- Reference base: the sum of positions or the fund assets
- The positions behind each band, with their share
- Comparison between two valuations
- Every change to a band kept with author and date
A pre-trade check on the whole fund, not on one limit.
Draft orders become hypothetical trades on a valuation of your choice. Then the normal valuation runs twice – the same code that produces the official figures.
- Every rule before and after: passed, warning or breached
- Allocation bands
- Fund assets, gross exposure and commitment
- NAV per share class
- Liquidity: HQLA, coverage ratio, liquidity at risk, liquidation cost
- VaR and expected shortfall, with the same random numbers for both books
The check advises; it does not block an order. Fees are not simulated, and prices are those of the chosen valuation date.
What-if, without touching the book.
The simulation replays the positions in memory, including the look-through into target funds. If a price, a rate or a field is missing, it asks – and uses the answer for this run only.
- Nothing is written to the database
- Units or a cash amount, the limit price or a price of your own
- Look-through into target funds
- A table of position changes and three charts
- Liquidity what-if with other outflow assumptions
The allocation, fund by fund and across the house.
Bands need a picture of where the money is. X-FOLIO draws it at every valuation.
- 01Exposure per fund
- Charts by asset type, currency, sector and country, and a map of the positions by size.
- 02All funds in one picture
- Every fund in the reporting currency, split by sector, currency, country or asset type, down to the instruments.
- 03Allocation comments
- Commentary per sector, currency, asset class or country, with validity dates – printed in the portfolio statement.
- 04Strategy report
- Rendered with every valuation: an overview by dimension and a page per band.
What the manager sees, before and after.
One report with every valuation, and three views for the decision.
- PDF report
Strategy report
Rendered with every valuation, in each report language of the fund.
- Overview by asset type, currency, sector and country
- Each band with the actual weight marked, inside or outside
- A page per band: reference amount, limits in fund currency, utilisation, status
- The positions with units, price, value and share
- On screen
Pre-trade result
For the draft orders of one fund.
- Rules before and after, with drill-down
- Bands, exposure and NAV per share class
- Liquidity and VaR before and after
- Position changes and three charts
- On screen
Strategy view of a valuation
Where the fund stands in its bands.
- Results grouped by the four dimensions
- A band track with the actual weight
- The positions behind a band, and the remaining instruments
- Comparison of two valuations
- On screen
Portfolio universe
All funds in one picture.
- Every fund converted into the reporting currency
- Split by sector, currency, country or asset type
- Drill-down to a fund’s instruments
From band to decision.
Four steps; the first two run by themselves.
- 1 Define
Bands per fund, in four dimensions.
- 2 Monitor
Every valuation stores the position within each band.
- 3 Simulate
Draft orders are checked against the whole fund.
- 4 Decide
The manager sends, adjusts or drops the order.
Methods, by name.
In the product today.
Bands
- Asset type, currency, sector, country
- Minimum and maximum in whole percent
- Reference: positions or fund assets
- History of changes
- Part of the fund export and import
Pre-trade check
- The complete rule book
- Bands, exposure, commitment
- NAV per share class
- HQLA, LCR, LaR, liquidation cost
- VaR and ES per confidence level
- Return, where X-PERFORM is licensed
Simulation
- In memory, nothing written
- On a valuation of your choice
- Missing data asked for the run
- Look-through into target funds
- Liquidity what-if
Views
- Exposure charts per fund
- Positions by size
- Portfolio universe
- Allocation comments
Not in the module today Target weights, rebalancing proposals, strategies shared by several funds, and a pre-trade result that is stored with the order or blocks it. The strategy workbench is planned for 2027.
