Release Notes: Enhanced Optimization and Allocation Functionality and Increased Data Access

Allocate and optimize more effectively with enhanced waterfall methodology  

With our waterfall allocation methodology, you can more effectively allocate bonds across accounts. Users can more equitably distribute bonds across portfolios, while adhering to embedded compliance restrictions and investment targets. For example: when optimizing with waterfall ranking by accounts, the platform will rank and sort accounts first, then rank and sort portfolios within an individual account. Optimizations will occur in that order, starting with the most deserving portfolio within the most deserving account. 

Using the expanded waterfall allocation methodology, you can:  

• Use waterfall methodology to allocate and optimize by both Portfolio and Account, which sets weights across your selected metrics to determine how bonds are best allocated – “who deserves these bonds the most?”  
• Create ranked models for sleeved portfolios by building out a market % rule based on levels  

Want to learn more about how our allocation process helps you? Read our blog on allocating across accounts efficiently. 

Optimizer enhancements increase ability to customize  

One of our biggest value differentiators, the Optimizer, can now generate more custom recommendations. Now, you can trade in custom increments rather than being limited to increments defined by Terms and Conditions. For example, instead of pre-defined 1k x 1k increments, you can choose to add trades to the buy list in your own minimum piece size of 100k and set increments of 25k beyond. The system will still prevent you from violating the CUSIP terms if you try to go below, but the rest is up to you.  

With these new features, you can:  

• Trade in custom increments specific to your needs 
• Optimize using available spendable cash, taking liquidity requirements into account  

Upgrade Scenarios with switch trades

IMTC’s unique Scenarios module takes the guesswork out of anticipating the impact of switch trades. Within seconds, you can accurately assess the potential impact on your portfolio prior to making any trades.  

Our enhanced switch trade functionality enables portfolio managers to construct scenarios with a wider variety of set parameters.  

Now, with expanded Scenarios functionality, you can:  

• Switch trades by quantity, contribution-to-duration (CTD), contribution-to-spread duration (CTSD), market value percentage, or dollars.  
• Identify opportunities to enhance returns or reduce risk more accurately
• Tailor switch trades to meet investment objectives with precision

Increased granularity and control when optimizing portfolios  

Accurate data is the foundation of portfolio optimization. Today, many portfolio managers tab between multiple software solutions and spreadsheets in order to access the information they need to make investment decisions. IMTC aggregates this data in one place, saving you time and removing the potential for human error. We’ve expanded data fields across the platform to provide a more granular level of optimized recommendations.  

With these improvements across the IMTC platform, you can:  

• Access additional context for accounts with new Currency, Tax State, and Client Advisor fields  

• Drill down and offer more detailed reporting, with added Book Income, Effective Income, and Coupon Income fields to total holdings  
• View calculated CTSD (Contribution to Spread Duration) for risk assets 
• Edit the Duration, YTM, and YTW manually for all types of custom securities 
  
  

Access SOD and other asset data from custom sources 

Our objective is to streamline and automate your workflows, using whatever file or data delivery technology your firm supports. Our system architecture is designed to pull data from many sources and bring it directly into your workflow in the IMTC platform. This includes seamlessly integrating “other asset” data from third-party sources, ensuring that you have a complete view and can reference all of your assets in one place. 

Using new platform enhancements, you can: 

• Utilize our agnostic API to upload assets to the platform from custom data files  
• View an improved SOD awareness data set via our file-based clients (and now Clearwater integration)
  
  

For information on IMTC’s investment management platform, please contact info@imtc.com or reach out to our team.