Reuters (LSE: RTR; NASDAQ: RTRSY) is launching JRisk On Demand, a tailored risk management solution for the hedge fund industry delivering real-time risk management tools directly to the individual manager’s desktop.
A growing appetite for risk and increased volume of trades means hedge funds must have access to real-time risk positions rather than rely on end-of-day calculations. JRisk On Demand provides true multi asset class coverage that brings together real-time risk management functions on a single platform.
Risk management is now vital to hedge funds as they trade an ever broader set of structured instruments across all asset classes. JRisk On Demand can be accessed globally via a standard web-browser interface allowing users to view detailed intra-day risk measures as well as profit and loss and position information.
The product is hosted in partnership with GlobeOp Risk Services Limited using established Reuters JRisk technology which can be quickly deployed with minimal upfront investment and the ability to work across any IT infrastructure. As a hosted solution, users benefit from the validated, pricing and reference data provided by Reuters.
Andrew White
, Global Head of Reuters Trade and Risk Management said: "JRisk On Demand marks a major milestone by providing tailored risk management to the hedge fund industry. We are meeting the demand for real-time, cross asset risk management coupled with the reliability synonymous with Reuters. As a hosted solution it makes state of the art risk management an easy and immediate reality for hedge funds."
Reuters JRisk On Demand will be showcased on the Reuters stand at GAIM in Monaco 18th-20th June.
Contact:
Nick Bone, Penrose Tel: +44 207 786 4878
Mobile: +44 7909 521 293
Email: nickb@penrose.co.uk
Steve Clarke Tel: +44 20 7542 6865
Reuters Media Relations Mobile: +44 7990 6865
Email: steve.clarke@reuters.com
JRisk On Demand is a hosted ASP solution that offers real-time risk management across all asset classes. Managed by Reuters and made available via a web-browser, JRisk On Demand is a pre-configured risk management tool with advanced technology architecture and functionality. It offers cross asset risk measures, VaR and stress testing, market data scenario analysis, P&L calculation and breakdown, limit management and additional risk measures such as hedge equivalents and bespoke requirements. The intra-day detailed reporting provided by JRisk On Demand can be accessed from any location worldwide via the desktop.
About Reuters Trade and Risk Management:
Reuters are specialists in the risk industry - relied on by 50% of the world's top 25 financial companies, offering sophisticated, tailored functionality at every step of the trade from enterprise wide risk management to STP enabled front-to-back trading solutions. Reuters acquired Palo Alto based Application Networks in June 2006 in order to benefit from state-of-the-art technology and experience in managing structured products and credit derivatives.
About Reuters:
Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Through reuters.com and other digital properties, Reuters now also supplies its trusted content direct to individuals. Reuters drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 16,900 staff in 94 countries, including 2,400 editorial staff in 196 bureaux serving 131 countries. In 2006, Reuters revenues were £2.6 billion.