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COR-RS Launches BITA Jigsaw Component Risk and Optimisation Software

BITA Jigsaw components enable systems developers to rapidly respond to fund managers' demands for integration of risk management into investment process.

23rd September 2002 - London - COR Risk Solutions (COR-RS, part of COR Financial Solutions), a global provider of advanced portfolio analytics and optimisation software, has today launched a range of component software, BITA Jigsaw. BITA Jigsaw is designed to enable investment and securities solution providers, systems integrators and in-house development teams to integrate specialised risk management functionality into their system offerings.

BITA Jigsaw components can be individually selected by systems providers to enhance the functionality, competitiveness and saleability of their own products. The suite includes advanced solutions and reporting capabilities for risk measurement and attribution, portfolio optimisation and construction, investment strategy formulation, backtesting and historical portfolio analytics.

Simon Tizard, Managing Director of COR-RS, comments: "BITA Jigsaw components can be integrated with other applications to provide key functionality in a fraction of the time it would take to develop internally. This reduces both cost and project risk for the supplier giving an increased return on investment. The components can be integrated so that the end user is unaware that they are accessing software from another source."

Host systems that may incorporate BITA Jigsaw components include:

* Institutional fund management "front office", portfolio modelling and management
* Performance measurement and attribution
* "Sell side" proprietary and program trading
* Private client wealth management

"Fund managers are increasingly recognising the need and benefit of integrating risk analysis into their investment process," adds Simon Tizard. "By using BITA Jigsaw components, seamlessly integrated into existing systems, other software vendors will be able to satisfy the demands of clients for advanced risk management functionality. Those clients who have previously operated separate risk systems will be able to access risk management functionality from one comprehensive system."

COR-RS is also offering a range of professional services to support host system partners. These include component sales support, implementation and integration, second line support, requirements analysis and consultancy, and customised software development.