Risk software survey 2014: risk, compliance and capacity

Algomi

Algomi is planning a number of updates to Honeycomb, its liquidity aggregation service, during 2015. The service, aimed at both the buy and sell side, is designed to help firms meet best execution mandates in relatively illiquid bond markets. Banks can use the software to create a real-time internal trading network, incorporating their own data to identify trade opportunities and generate collaboration between salespeople, traders and investors. For the buy side, the software's graphical user interface displays analytics that help choose the best counterparty to trade a particular instrument with at any given time. The platform facilitates voice-based execution between investors and banks.
Contact: Michael Schmidt
E: michael.schmidt@algomi.com
T: +44 20 7954 4501
Web: www.algomi.com

Algorithmica Research

Quantlab 3.8, the latest version of Algorithmica's development platform for quantitative financial analysis, now offers increased support for multi-curve term-structure modelling, giving users a choice of 30 different models, and an expanded package of workspaces for supporting fixed-income trading analytics. Version 3.9 of the Algorithmica Risk Management System includes a new module for liquidity risk modelling, an updated module for performance attribution and benchmark handling, extended support for Solvency II and an updated CCP risk module, including support for filtered historical simulation. Algorithmica History Server 4.8 now offers a rule-based golden copy validation and cleansing engine and support for a number of new data feeds, including EDI, SIX and VDF.
Contact: Niclas Holm
E: niclas.holm@algorithmica.se
T: +46 8 440 44 00
Web: www.algorithmica.com

Andrew Kalotay Associates

The latest version of MuniOAS, Andrew Kalotay's bond analytics platform that incorporates taxes to calculate after-tax option-adjusted spread (OAS) and duration, now offers better de minimis smoothing. The MuniSignal platform determines the optimal time to execute a transaction for tax-loss harvesting. Both are delivered as a C++ library, with Java and .Net wrappers for major platforms. New releases of both are expected in the fourth quarter of 2014. Its Refunding+ product meanwhile calculates refunding efficiency by comparing savings to net loss of option value. It provides discount factors and cashflows to support savings calculations.
Contact: Andrew Porter
E: andy.porter@kalotay.com
T: +1 212 482 0900
Web: www.kalotay.com

Axiom Software Laboratories

AxiomSL has launched a number of new regulatory reporting and risk management software solutions in 2014, including software designed to help broker dealers meet new US audit rules from the Securities and Exchange Commission, while performing standardised capital computations. These include identifying and defining data inputs required for computations and creating workflows to optimise capital haircuts with traceability of data, rules, calculations and analysis.
Contact: Francine Gittins
E: fgittins@axiomsl.com
T: +1 212 248 4188
Web: www.axiomsl.com

Bloomberg

Bloomberg has built a suite of risk modules for sell-side, buy-side and corporate risk managers. Its Erisk function offers a range of market risk analytics tools, including VAR, stressed VAR, Greeks and stress testing at both the trade level and for assessing firm-wide risk. These modules mesh with positions fed from Bloomberg's multi-asset execution management systems. Port, the firm's buy-side-focused portfolio management function, allows users to perform market risk analysis and portfolio optimisation. Bloomberg's real-time front-office risk system added several new features in 2014, such as: VAR (historical with full re-pricing); CVA for foreign exchange trades; and a central counterparty margin tool for CME.
Contact: Mirko Filippi
E: mfilippi@bloomberg.net
T: +44 20 7330 7500
Web: www.bloomberg.com

Business Control Solutions (BCS)

Business Control Solutions' Controlcentre platform allows users to perform a variety of operational risk management and control functions, such as setting up risk and cause taxonomies and performing risk and control self-assessment sign-offs and analysis via reporting and dashboards. This year, BCS improved the integration of controls functionality, associating them directly with balance sheet accounts. There are two new releases of the software due in 2015 – in June and November.
Contact: Nigel Davies
E: nigel.davies@bcsplc.com
T: +44 20 7648 2050
Web: www.bcsplc.com

Cassini systems

In February 2015, Cassini plans to launch a web-based pre-trade platform for pre-trade decision-making and analysis for cleared and non-cleared derivatives, aimed at buy-side firms. The service is designed to allow traders, risk managers and the middle office to view margin, clearing, operational and collateral costs. It will also feature a recommendation engine that will identify opportunities to use alternative assets or clearing venues, to reduce margin requirements or clearing costs while retaining equivalent risk exposure. The platform will provide its own compliance rules and recommendation engine, and can integrate with firms' existing risk engines.
Contact: Liam Huxley
E: lhuxley@cassinisystems.com
T: +1 917 691 3840
Web: www.cassinisystems.com

Chase Cooper

In May 2014, Chase Cooper launched Accelerate GRC. Leveraging the functionality of the firm's Accelerate analyser – its existing enterprise-wide operational risk system – the service is designed to provide a single platform to manage governance, risk and compliance needs. The new offering has integrated modelling and analytical tools for scenario analysis, stress testing and capital calculation. It can be deployed via cloud, software-as-a-service or within a client's existing infrastructure.
Contact: Rohini Uppal
E: rohini.uppal@chasecooper.com
T: +44 20 7377 2250
Web: www.chasecooper.com

Clarus Financial Technology

Clarus' Charm margin checking tool allows users to run risk and margin calculations for cleared interest rate derivatives at different clearing houses. Aimed at both dealers and clients, it allows users to see margin projections for trades, run what-if scenarios, measure the risk impact of new trades and work out how to optimise their margin costs. It can be delivered as a web app or a Rest API. The latest version was rolled out in October 2014.
Contact: Amir Khwaja
E: amir@clarusft.com
Web: www.clarusft.com

ClusterSeven

London-based spreadsheet management software specialists ClusterSeven has made several upgrades to its product suite. Version 8.5 of its enterprise spreadsheet manager was released in October 2014, with an improved web interface. February saw the launch of its latest access database manager, version 5.1, with an additional use case analysis offering. Version 1.3 of its inventory management system was released in October, with additional configuration flexibility.
Contact: Henry Umney
E: humney@clusterseven.com
T: +44 20 7148 6270
Web: www.clusterseven.com

Horizon software

Released in September 2014, version 2.1 of Horizon's execution dashboard offers a range of execution tools geared towards the equity and equity derivatives markets, including delta-one and options trading. It also offers reduced latency and increased throughput. The Java-based architecture processes real-time data in large volumes. Aimed at both the buy and sell side, it also offers features such as position-keeping, volatility management and customisable tools for hedging and basket trading. Its compliance tools are geared towards ensuring market-makers meet compliance obligations in different jurisdictions, including anti-self-matching, short-sell tagging and throttling limitations.
Contact: Sylvain Thieullent
E: sylvain.thieullent@hsoftware.com
T: +33 142 609 809
Web: www.hsoftware.com

IBM

IBM launched a number of products and upgrades in its Risk Analytics portfolio in 2014, under the auspices of its Smarter Risk initiative. These included the IBM enterprise model risk governance service, which is designed to help firms address risk arising from the inaccuracy or misuse of models. Other launches this year have focused on a new enterprise model risk governance solution, as well as a new collateral optimisation offering, which leverages the firm's ILOG-CPlex technology. The firm has also launched an enhanced risk analytics solution, to help users meet Basel risk data aggregation requirements. Next year will see several new launches, including a conduct risk offering, as well as wealth management and risk and compliance solutions that leverage the cognitive and natural language capabilities of IBM Watson.

Contact: Heather Smith
E: heather.smith@uk.ibm.com
T: +44 20 7392 5700
Web: www.ibm.com/smarterriskanalytics

ION Trading

ION's enterprise risk management product offers real-time risk and profit and loss (P&L) aggregation and reporting. The latest version allows users to send real-time data to smartphones and tablets. Its report scheduling and distribution module now supports Jasper, Birt and Excel templates. Its market risk module allows users to view real-time risk management, P&L attribution and business profitability, while its liquidity risk solution enables creation of configurable liquidity risk rules that can be managed and processed to generate managerial and regulatory reports.
Contact: Gavin Bambury
E: g.bambury@iontrading.com
T: 44 20 7398 0200
Web: www.iontrading.com

ITO33

Opscore, ITO33's front-office solution for the pricing, hedging and analysis of convertible securities, has added support for several new features, including the activation of barriers such as soft calls and support for the net share settlement at maturity. It has also added support for interest rate swaps pricing, as well as a new Python interface. Opscore 3.8 is due for release in March 2015. Meanwhile, the firm has split its existing Volatility Manager product into a calibration engine - hosted and managed by ITO33 - and a stand-alone client-side pricing service. This includes market standard templates of term structures of common instruments, including synthetic forwards, volatility surfaces, volatility swaps, variance swaps and their option strip replication. There is also an intuitive interface for pricing any derivative, as well as risk management modules. Version 2.0 is due in January 2015.
Contact: Serge Kouyoumjian
E: serge@ito33.com
T: +33 147 070 812
Web: www.ito33.com

Logaviv

January 2015 will see Logaviv release the latest version of its Wpriop portfolio and risk management offering aimed at users in the agricultural commodities markets, with a new, more user-friendly interface. Earlier this year, the firm released a business intelligence module for the service, allowing users to generate automated reports from Wpriop data. This year also saw the firm release two software-as-a-service Extranet solutions: Agrimarket, an online pricing platform for agricultural derivatives, and Finterra, a portfolio and price risk management tool.
Contact: Clément Chretien
E: c.chretien@logaviv.com
T: +33 153 991 919
Web: www.logaviv.com

Login 

Released in May, version 8.4 of the Login-Acumen integrated front-office, risk management and middle-office system for treasury, derivatives and capital market instruments offers several new modules, as well as upgrades of existing ones. The firm has developed a new curve-stripping tool for multi-curve modelling, which allows users to build OIS discounting and projection curves in a single or multi-currency framework. The platform's securities lending and borrowing solution has also been upgraded, as have its commodity and Islamic pricing modules, allowing for the pricing of Islamic swaps.
Contact: Marc Beaulande
E: mbeaulande@login-sa.com
T: +33 1 41 16 88 00
Web: www.login-sa.com

MCO Europe

McObject has spent a busy year upgrading eXtremeDB Financial Edition, its high-speed database software for proprietary and algo-trading applications. Version 6.0 was released in October, offering support for SQL vector-based functions, Python scripting, C/C++, C# and Java, enabling developers to implement new algorithms and procedures more quickly. Its distributed query processing offering also claims to quicken performance through parallel execution of database operations. The compression offering has also been bolstered to reduce the size of stored market data, cutting storage costs, and speeding up processing, according to the company.
Contact: Ian Hillier-Brook
E: ianhb@mcoeurope.com
T: +44 20 3651 5542
Web: www.mcoeurope.com

Metamako

May 2014 saw Australian low-latency technology provider Metamako release the 48-port version of its MetaConnect switch, complementing the 16-port version released in December 2013. The switches, designed for trading firms and exchanges, offer a range of functionality, including remote rewiring, network taps for splitting signals such as market data, and time-stamping. In November 2014, the firm launched MetaMux, a 32-port hybrid layer 1/2/3 switch offering deterministic aggregation for exchange access and data capture. Its kill-switch functionality and network monitoring help support traders' compliance and risk management strategies.
Contact: Dave Snowdon
E: daves@metamako.com
T: +44 20 7250 4740
Web: www.metamako.com

Misys

In July 2014, Misys added the FusionRisk suite to its Fusion software portfolio. The service encompasses five components: Insight, which allows for centralised risk monitoring; Advanced Measures, which allows for harmonisation of risk tolerances; Credit, which offers credit-risk checking and counterparty risk management; Balance Sheet Management, which helps banks incorporate risk, capital and liquidity considerations into business planning; and Regulation. In December 2014, the firm also launched its global limit management product. The firm has also launched FusionInvest – a trading and risk management platform for the buy side.
Contact: Elke Behrend
E: elke.behrend@misys.com
T: +44 20 3320 5036
Web: www.misys.com

Moody's Analytics

Over the past year, Moody's Analytics has focused its development efforts on improving its stress-testing solutions, including off-the-shelf and custom models, economic scenario, and applications for regulatory and economic capital calculation, asset and liability management, credit assessment and origination and regulatory reporting. The firm does not disclose the dates of forthcoming releases.
Contact: Marisela Garcia
E: marisela.garcia@moodys.com
T: +1 415 874 6352
Web: www.moodysanalytics.com

Mors Software

Mors launched its new Treasury Manager software solution at the start of 2014. The software maintains the core cashflow and analytics engine of the treasury front and middle solution it supersedes, but the addition of two new modules – for accounting postings and payment transactions – make Treasury Manager a more comprehensive front-to-back solution for bank treasurers. The firm also offers Liquidity Manager – a real-time solution for monitoring, managing and steering banks' liquidity; Balance Sheet Manager – a dynamic ALM solution that can be added to Liquidity Manager; Transfer Price Manager – a solution providing accurate customer profitability steering within a set internal pricing mechanism; Trading Book, a real-time consolidation solution for large trading rooms with multiple front-office solutions; and Mors VAR – an ultimate full valuation risk engine for advanced time-critical risk management needs.
Contact: Mika Mustakallio
E: mika.mustakallio@morssoftware.com
T: +358 9 650 6829 650
Web: www.morssoftware.com

MSCI

MSCI's RiskMetrics RiskManager reports various types of VAR, sensitivities, exposure and stress-testing statistics for portfolios. Recent enhancements include additional asset coverage of complex derivatives and right- and wrong-way risk for joint simulation of credit and market risk factors, designed to capture the correlation between the size of an exposure and counterparty probability of default when computing CVA. The firm has also added the LiquidityMetrics liquidity risk measurement framework, allowing users to perform portfolio liquidity capacity checks and assess the underlying time horizon required for liquidation, as well as stress testing the liquidity of the portfolio under alternative trading scenarios and market impact conditions. BarraOne, another of the firm's risk management offerings, is a platform for enterprise investment risk and performance attribution. An ASP offering, the application is delivered via a web-browser interface. The firm also offers Barra Portfolio Manager, a suite of equity portfolio management tools for the fund management community.
Contact: Peyton Kay
E: Peyton.Kay@msci.com
T: +1 212 981 7463
Web: www.msci.com

Murex

Murex's MX.3 product supports real-time margining calculations for central counterparty (CCP) clearers and clearing brokers across a range of classes. The firm updated the software twice in 2014, in July and November, with new engines for CCP and regulatory margin calculations as well as enhancements to real-time VAR and stress testing. A further update is due in March 2015. The firm is planning further investment in the development of tools that help firms assess the integrated end-to-end total cost of trading and clearing for capital optimisation, with a particular focus on tools that help CVA desks engage in real-time risk hedging, as well as boosting their XVA capabilities.
Contact: Mireille Adebiyi
E: mireille.adebiyi@murex.com
T: +33 1 44 05 32 00
Web: www.murex.com

Nanospeed

Updated in the final quarter of 2014, Nano-Risk, NanoSpeed's CME-certified field-programmable gate array is designed to speed up trading, market data processing and risk management functions for dealers, hedge funds and high-speed trading firms. It is capable of performing pre-trade risk checks in fewer than 60 nanoseconds. The firm released its Nano-TG ultra-low-latency trading gateway in October 2013. It offers risk management, fast throughput and a range of APIs, as well as connectivity to more than 30 exchanges.
Contact: Michael Villain
E: michael.villain@nanospeed.co.uk
T: +44 20 7096 0724
Web: www.nanospeed.co.uk

Nexus Risk Management

Over the past 12 months, Nexus has made a number of enhancements to its Risk Platform ALM module, designed to manage and monitor interest rate risk and execute sophisticated ALM strategies for large insurers and pension plans. Nexus has introduced an advanced user interface with Microsoft WPF technology, as well as an enhanced risk optimisation module boasting faster run time and extended coverage for optimisation parameters. The firm's dynamic hedging software is used to quantify risk in variable annuity products, as well as offering dynamic hedging capabilities. This year has seen improvements to the user interface, database structure and system efficiency and compatibility. The hedge execution module, meanwhile, which is used for executing dynamic hedging strategies and risk monitoring has benefited from additional trading metrics and risk reporting functionality, as well as enhancements to Greek calculations.
Contact: Charles Gilbert
E: charles.gilbert@nexusrisk.com
T: +1 416 593 9500
Web: www.nexusrisk.com

Numerix

Numerix has released several upgrades for its CrossAsset Analytics Platform over the past year, including a model validation tool that serves as an automated testing environment for model risk quantification and model governance. The fourth quarter of 2014 saw it launch Numerix ESG, which helps firms generate both risk-neutral and real-world scenarios using a model library via a web-based interface. The firm also enhanced its Server/Integration Layer, improving the efficiency of exposure aggregation for counterparty credit risk measures such as CVA, DVA and FVA. The firm also added functionality that allows users to run cheapest-to-deal and cheapest-to-clear analyses to determine which counterparty a trade should be transacted or cleared with. The firm also launched a hedge insurance solution in the final quarter, as well as updating the technology behind its future valuation and scenario generation offerings.
Contact: James Jockle
E: jjockle@numerix.com
T: +1 646 898 1294
Web: www.numerix.com

Opengamma

Most recently updated in November 2014, OpenGamma's margining platform allows firms to calculate margin requirements on cleared over-the-counter derivatives trades. Currently used by clearing houses and banks, in the next year the firm expects the solution to be adopted by buy-side organisations and other market structure participants. The firm also sees operational change generated as firms adapt to the Basel Committee on Banking Supervision's margin requirements for non-cleared derivatives as a major opportunity. The firm's open-source architecture means developers are able to build custom risk applications onto its platform.
Contact: Hugh Stewart
E: hugh@opengamma.com
T: +44 20 3725 3333
Web: www.opengamma.com

OpenLink

OpenLink plans to roll out a number of updates across its product suite in the first half of 2015. Its Endur commodity market solutions platform will feature an expansion of internal marine capabilities for bulk commodities, as well as an expansion on North American product pipeline coverage. Its Findur straight-through processing solution for corporate treasuries will benefit from further advances in analytics for margining of cleared and bilateral derivatives. Its IRM energy trading and risk solution will see further module enhancements for co-optimisation (electricity heat), hydro power and related sensitivity analysis. Its Oases transaction and operational solutions offerings for consolidated commodity sourcing and management will see new inventory enhancements allowing for the tracking and tracing of coffee, cocoa, and cotton shipments. Its RightAngle solution for liquid and bulk commodities will now support Canadian Lease Crude and related management and reporting.
Contact: Anne Broderick
E: anne.broderick@openlink.com
T: +1 516 394 1101
Web: www.openlink.com

Raise partner

Raise Partner has added non-Gaussian risk analytics and optimisation features to its Wall Risk Engine library, its cross-asset risk analytics software. The firm also offers Wall Risk Portfolio, a pre-trade application to monitor portfolios, analyse their risk/return profile, identify sources of risk and performance, create what-if scenarios, and run optimisations. The offering is now available via a desktop application, as well as via the Wall Risk Web Services offering. The firm is also planning to include back-testing and stress-testing functionalities. In the first quarter of this year, Raise Partner plans to add functionality for advanced optimisation constraints, back-testing and stress-testing features to its Wall Risk Portfolio and Wall Risk Web services. The range of financial instruments covered will also be enhanced to encompass more over-the-counter products and interest rate derivatives.
Contact: Jean-Marc Desvaux
E: jean-marc.desvaux@raisepartner.com
T: +65 6592 0960
Web: www.raisepartner.com

Reval

This year, Reval has made a range of updates to its software-as-a-service based treasury and risk management offering, including enhancements to its configurable dashboard and reporting capabilities. Functionality has been introduced allowing corporates to use OIS discounting as an alternative to Libor, and Reval has also added new tools that help measure hedge effectiveness for interest rate swaps in cashflow, and enhanced ledger processing that allows users to trigger ledger processes for their region during the business day without interfering with the ledger processes of other regions. Bi-annual updates to the service are released every April and October.
Contact: Zoe Sochor
E: zoe-sochor@reval.com
T: +1 212 901 9768
Web: www.reval.com

S&P Capital IQ

S&P Capital IQ's Portfolio Risk solution is an integrated front- and middle-office risk and performance analytics platform, delivering real-time investment decision support for multi-asset portfolios. The service is designed to offer visibility into risk and performance at the portfolio and position level across holdings and asset classes, allowing portfolio managers and risk managers to assess the intra-day impact of market changes on P&L using scenario analyses. It also allows users to test investment strategies and modelling assumptions. The service leverages S&P Capital IQ's data platform to incorporate market and reference data, as well as offering interfaces for third-party and in-house data sources. It is available installed or via software-as-a-service.
Contact: Debbie Williams
E: debbie.williams@spcapitaliq.com
T: +1 508 433 0083
Web: www.spcapitaliq.com

SAP

SAP has launched a liquidity management suite, including cashflow management, payment flow control and collateral management offerings. It provides real-time monitoring and management of intraday liquidity and related regulatory requirements. The firm has also launched a new finance and risk analytics solution for banking on its Hana platform, designed to help reduce data redundancy and reconciliation efforts and latency. The firm has also deployed all of its governance, risk and compliance solutions on the Hana platform.
Contact: Simon Shores
E: simon.shores@sap.com
T: +49 62 2776 5694
Web: www.sap.com

SAS

The start of 2014 saw SAS roll out its capital planning and management offering, a centralised software solution that allows firms to gather input from different lines of business to enable treasury, risk and credit teams to run calculations linked to capital adequacy requirements. March 2014 saw SAS roll out several other new products and updates. Its financial crimes suite allows institutions to detect potential suspicious activity via a new customer due diligence solution and enhanced anti-money laundering and case management capabilities. The firm's ALM platform, part of its risk management for banking suite, has also received an update, including out-of-the-box support for Basel III liquidity ratios.
Contact: Kris Balic
E: kris.balic@sas.com
T: +1 919 531 0624
Web: www.sas.com

SecondFloor

SecondFloor added an accelerator for the Solvency II standard model to its eFrame offering for insurers. This allows users to produce quantitative reporting templates directly out of SecondFloor's taxonomy-driven data model. The firm also extended eFrame's ability to share and reuse data between reports and reporting entities. January will see SecondFloor offer a new accelerator for providing reports out of shared sets of content for Solvency II's own risk and solvency assessment, forward-looking assessment of own risks and internal reports.
Contact: Jeremy Asprey
E: j.asprey@secondfloor.com
T: +44 7981 796 006
Web: www.secondfloor.com

SunGard

SunGard's Front Arena CVA offering, the vendor's banking risk solution that allows traders and sales staff to check pre-deal CVA and DVA and helps operations staff manage P&L from a centralised CVA desk, has been updated this year, and is now available integrated with the firm's Adaptiv Analytics suite. Adaptiv Analytics has also been upgraded, and can now run on graphical processing unit servers. In March 2014, the firm added the Adaptiv Credit Risk Cube module to the offering, a flexible credit risk tool that can analyse concentrations, limits, wrong-way risk and stress test results. Among its buy-side offerings, SunGard rolled out APT Enterprise, an interactive risk dashboard that offers asset managers an independent view of market and liquidity risk. It also updated its Hedge 360 risk reporting service, which provides hedge funds with independently validated data and analytics to help meet due diligence requirements.
Contact: Petra Shuttlewood
E: petra.shuttlewood@sungard.com
T: +44 20 8081 2000
Web: www.sungard.com

Thomson Reuters

Thomson Reuters launched a regulatory solutions data feed this year, designed to help a wide variety of financial firms comply with an array of legislative frameworks, including Solvency II, Fatca and the European Market Infrastructure Regulation (Emir). The firm has also looked to step up competition in the financial messaging space, collaborating with Markit to launch what it claims is the first vetted, cross-network directory for instant messaging, offering connectivity to some 250,000 individuals. The firm's Accelus regulatory intelligence service is also launching an information portal featuring details of rule changes from more than 500 regulators. It has also launched Accelus Org ID, an end-to-end client identity service used for client-on-boarding, conducting remediations and refreshing existing portfolios, to be used by the Tradeweb multilateral trading platform. New stress-testing and sensitivity analysis capabilities have also been added to Accelus Risk Manager.
Contact: Ellen Davis
E: ellen.davis@thomsonreuters.com
T: +44 20 7429 9238
Web: www.thomsonreuters.com

TMX Razor

Razor, TMX Group's risk management software suite, has seen a variety of updates over the course of 2014, with the inclusion of CME Span, theoretical pricing of equity option products, new CDS models and Canadian exchange-traded products. A number of updates are planned for 2015, including an enterprise risk framework aggregation consisting of a web dashboard that allows users to generate bespoke reports, tables and charts for risk managers; an Excel plugin that will offer risk analysts oversight of current and historical risk results; and an aggregation engine supporting two client modes, and allowing the inclusion of customised aggregation and external risk results. This will be launched in the second or third quarter of 2015. In the fourth quarter, Razor will launch a new analytics library featuring scenario generation, bootstrapping, calibration and pricing models.
Contact: Gavin Banks
E: gavin.banks@razor-risk.com
T: +1 647 235 7893
Web: www.tmxtechsolutions.com

TriOptima

Swedish post-trade specialist TriOptima has expanded its existing triResolve service to incorporate a new trade reporting validation functionality, which enables firms to reconcile and verify the accuracy of data sent to trade repositories. Using authorised data feeds from registered trade repositories, the service seeks to act as a central hub for validating and reconciling repository data. The offering identifies any discrepancies across trade repositories and gives users the tools to investigate and resolve differences. The firm has also made changes to triReduce, its platform for multilateral portfolio compression services across a range of over-the-counter product types. The firm also offers TriResolve, which allows for the proactive reconciliation of OTC derivatives portfolios and dispute resolution; triBalance, for rebalancing counterparty risk exposure between multiple CCPs and bilateral relationships, and triCalculate, which offers counterparty credit risk analytics by leveraging massively parallel computing devices.
Contact: David White
E: david.white@trioptima.com
T: +44 20 7382 2851
Web: www.trioptima.com

UBS Delta

UBS Delta has released a new counterparty risk module, integrating the Quaternion Risk Management platform's CVA and DVA analytics for over-the-counter derivatives alongside its existing hosted portfolio, risk, performance and ALM tools, which were extended to include infrastructure and private equity earlier this year. The firm expects accounting standard changes such as IFRS13 to drive a wider range of institutions to seek more detailed fair-value estimates of OTC derivatives, including CVA for credit risk adjustments. The platform also allows users to calculate expected exposure, expected credit exposure, potential exposure and effective expected exposure profiles, and offers a suite of analytics for netting set optimisation and risk calculation, including CVA and DVA. These can be sent to clients via Delta's automated reporting engine.
Contact: Lance Owide
E: lance.owide@ubs.com
T: +44 20 7567 4237
Web: www.ubs.com/delta

Wolters Kluwer Financial Services

In November, Wolters Kluwer unveiled OneSumX, a platform bringing together a number of the firm's governance, finance, risk and compliance solutions and services. The platform comprises several components: a finance, risk and reporting module, designed to help firms achieve data transparency for regulatory reporting and performance management; governance, risk and compliance, which offers high-level reporting via interactive dashboards and modular components; financial crime control, which offers real-time identification of fraudulent activity based on cross-channel behavioural review across all of a customer's accounts; and audit management, which helps firms manage a wide range of audit-related activities, data and processes in a single framework.
Contact: Chuck Miller
E: charles.miller@wolterskluwer.com
T: +1 320 240 5457
Web: www.wolterskluwerfs.com

Wynyard

Wynyard has made several enhancements to version 9 of its risk management platform. These include: a new key risk indicator module, for the creation and maintenance of entity-wide risk metrics; an improved system administration interface, making system oversight easier and more intuitive; and an improved .Net architecture, bringing additional flexibility to the data model. Further updates planned for the second half of 2015 include a policy management module, and functionality to create surveys. These can be linked directly to system objects, and used for a range of governance, risk and compliance purposes, such as policy testing.
Contact: Philip East
E: peast@wynyardgroup.com
T: +44 20 7151 5060
Web: www.wynyardgroup.com

Xenomorph

Xenomorph's TimeScape data management and analytics platform is designed to help firms streamline exception management processes and meet regulatory requirements. The dashboard allows users to validate and remediate asset class data using extensible rules, including instrument, curve, surface and cube validations. The firm has also rolled out a new cloud-based solution for publishing and consuming financial markets data and analytics – TimeScape MarketPlace – via Microsoft Azure, which allows users to access data via cloud-based interfaces. Users can also integrate positional data from a variety of databases with data and analytics from third-party vendors.
Contact: Duncan Webster
E: dwebster@xenomorph.com
T: +44 20 7614 8600
Web: www.xenomorph.com

ZEB

In the third quarter of 2014, Zeb launched zeb.control.risk, a credit analytics service with a new asset-value model covering counterparty and asset risks. The model allows for stress-testing and Monte Carlo simulation. The service is designed to allow banks to actively manage relevant risk factors, such as interest rate and liquidity risks and trading risk, as well as counterparty risks, including asset liability management. Insurance companies also use the software.
Contact: Eric Tobias Henn
E: ehenn@zeb.de
T: +49 251 9712 8315
Web: www.zebcontrol.com