Consolidated risk management allows rapid decisions, increased volumes and profitability
London, May 2004 - Tamesis, a leading supplier of new generation risk management and trading solutions to investment banks, today announced that Banca Intesa, Parent Company of Gruppo Intesa, Italy's leading banking group, has selected Tamesis Risk Informer to manage its global credit derivatives trading operations. The system will be installed in Milan and New York within three months.
Tamesis Risk Informer will provide the bank with a real time trading & risk management platform for their global credit derivatives trading operation. The system will manage both flow and structured products and will enable its users to view portfolio positions along with their associated hedges, therefore enabling them to gather and act upon consolidated results quickly. The product is delivered with comprehensive support for flow and structured trading, and allows the Bank to rapidly integrate new functions and products to support its evolving trading strategies. Its rapid deployment and ability to fully integrate and capture new products will allow the Bank to increase current flow trading volumes and to fast-track new and more highly structured products into its portfolios.
A senior trader at Banca Intesa stated: "We needed a system that could be deployed quickly, came with proven functionality and could support highly structured products in a fast changing market. We chose Tamesis because they were able to demonstrate a high degree of technical competency and a proven knowledge of the Credit Derivatives market place. The use of Tamesis will enable us to quickly introduce more effective and profitable trading strategies".
James Tomlin, managing director, Tamesis, said: "Time to market is a key criterion for our credit derivatives clients, both for the initial implementation and the time to adapt the system to new financial products. Our collaboration with Banca Intesa has depended on our ability to demonstrate superior flexibility and speed of delivery."