VVA Systems

Project Experience
VVA Systems experience covers such diverse applications such as support for risk control, profitability analysis, specialized customer services, CFTC and exchange compliance reporting, international operations, and multi-currency accounting. In total, our core consulting staff has had over eighty man-years in design and development of commodity futures systems.
Futures Back Office System (CF/O)	Principal designers and developers for Prudential Securities’ mainframe commodity back office system which includes all industry specific processing such as risk control, optimized margining, flexible commissions, trade entry, clearing house interfaces, online position correction, customer commodity statements, interest on customer equity, and commodity system multi-currency accounting. Includes over 120 screens, 700 programs, 500 reports.
GAINS ™ Give-Up Payment	Designed and developed the joint venture system sponsored by Chicago exchanges for automating give-up fee payments between FCMs. The system needed to satisfy the various functional requirements of over sixty clearing members. Now replaced by GPS™.
PC Give-Up Invoicing	Systems for tracking and invoicing give-up fees to appropriate parties, using either GPS™ or regular trade entry as input. Systems use PC and mainframe platforms.
Managed Futures Risk	System which maintains historical trade and P&L data. Daily and monthly position analysis reporting is used to track performance of trading programs used by CTAs. System receives daily mainframe data. Platform is Client / Server MS SQL Server system using MS Visual Basic.
Multi-Currency Statements Analysis	Designed and developed multi-currency daily commodity confirmations, monthly and yearly commodity statements and daily securities confirms using IBM’s Advanced Function Printing.
Re-Purchase Agreement Deals Processing	Built a system that tracks commodity backed re-purchase agreements. System also tracks and values collateral warehouse receipts, in a multi-currency environment. The platform is Client / Server MS, SQL Server using MS Visual Basic.
Data Warehouse	Consultation on data warehouse and data mart concepts, analysis of many vendor available products supporting data warehousing and preparation and formulation of proposals and plans to implement data warehousing.
Commodity Position/Recap	PC system which allows customers to review their commodity positions and activity. System is used both domestically and abroad, and can valuate positions and balances in any currency. Interactive via internet. Includes online help screens.
Interest Subsystems	Mainframe and PC based systems for calculating daily interest on customer balances and positions, and generating monthly journals. System allows various base rate sources, i.e. LIBOR, discounts, add ons, and different rates for different transaction types and balances.
Order and Trade Entry	Analysis of specialized order processing in order to improve the flow of data into a trade processing system.
Automated Journals	System which uses payment information from GAINS™ to generate cash activity which feeds into a mainframe system. Also designed the mainframe system which builds balanced journals from a single cash activity record, using a chart of accounts which is maintained by users.
Euroclear Claims Support	System interfaces with client back office to track Euroclear trades with late settlement, subject to claims against seller and prepare appropriate invoices.

VVA Systems Information System Designers	Vogel, Verheggen, and Associates 223 W. Jackson Blvd. Suite 800 Chicago, Illinois 60606-6913
	(312) 461-1343 Contact VVA by e-mail
Specialists in Commodity Futures and Financial Industry Systems