PortfolioScience, a provider of on-demand risk management systems, has announced that KRM22 Group, a provider of corporate and trading risk solutions, has selected the company’s RiskAPI platform to power Value at Risk calculations in its Risk Manager application.
“The risk management requirements of the sell-side brokerages served by KRM22 are challenging and complex. We are pleased that they selected RiskAPI to power the VaR calculations available in the Risk Manager product with dynamic quantitative risk calculations”, said Ittai Korin, PortfolioScience’s founder and President.
RiskAPI is a cloud-based, on-demand portfolio risk analysis service that includes coverage of global equities, options, currencies, and fixed income, as well as global physical, listed and OTC commodity derivatives.
KRM22 Risk Manager is a web-based GUI that allows firms to achieve trading control by bringing real-time P&L & exchange margin, Parameterized Stress Risk and Value at Risk (VaR) alongside each other with other account credit metrics in one place.
“We are delighted to have partnered with Portfolio Science’s RiskAPI® to bring full Value at Risk (VaR) calculations on account portfolios alongside KRM22’s real-time P&L, margin and stress results. This will allow risk managers full visibility across their client portfolios in one place. Which, when combined with the integration to KRM22 Limits Manager, allows full control of trading activity in a first for our industry”, said Dan Carter, KRM22 CEO.
RiskAPI offers a full range of multi-model Value at Risk, stress-testing and other quantitative analysis features, allowing execution providers, proprietary traders, asset managers, hedge funds, and commodity producers to easily generate dynamic risk calculations through multiple levels.
The cloud-based API service includes all data, computing, and analytics across a wide range of global equity, option, futures, FX, and fixed income markets, making it easier than ever for both sell-side and buy-side market participants to implement a comprehensive risk analysis infrastructure.
KRM22 Risk Manager helps firms achieve trading control through effective risk management
monitoring.
The indicators such as View Real-time P&L, Real-time Margin, Value at Risk (VaR) Calculations and Parameterized Stress Risk alongside account credit in one detailed time series chart can be used in ratios and metrics to grade and determine the financial health of any trading entity.
Users can drill into each indicator and perform analytics and take actions, including triggering alerts and messages to KRM22’s Limit Manager to help control and even halt trading activities.
