Advanced optical ray tracing software, CFSpro, was developed for the study and optimization of complex fenestration systems (CFSs). Using an algorithm mixing 2D and 3D approaches, accurate computation of large numbers of rays in extruded geometries can be performed and visualized in real time. A thin film model was included to assess the spectral control provided by coatings. In this paper, the ray tracing model is described and validated. A novel glazing, engineered with this simulation tool, is presented. It combines the functions of daylight provision, glare protection, and seasonal thermal control while conserving a view to the outside at near normal incidence.