SIA Technology Management Conference, New York, 19-21 June 2001
- Integrated portfolio analytic system BITA5 to enable asset managers to
control risk in global portfolios and conduct rigorous back testing and
- Supported by data sources from strategic partner FAME Information Services
Inc., BITA5 introduces next generation Java-based technology.
19 June 2001 – New York – BITA Plus, the global provider of high-level
investment management and securities trading software, has today launched a
preview of new Java-based portfolio analytic system BITA5, at the SIA
Technology Management Conference. A comprehensive system for investment
analysis, BITA5 provides portfolio risk control, optimisation and back
testing. The system is a powerful analytic front end using data from over
thirty sources provided by FAME Information Services Inc.
Laurence Wormald, Director of BITA Plus comments: “In partnership with FAME
Information Services Inc., BITA Plus provides advanced portfolio analytics
for ten leading US fund management institutions. BITA5 offers a next
generation Java-based architecture which can be integrated into enterprise
and Internet systems. With BITA5 and in conjunction with FAME, BITA Plus
intends to further extend its presence in the US market.”
Scott Hall, General Manager, North American Sales and Support for FAME’s
Financial Division, comments, “FAME and BITA Plus have shared the same
vision of the future for analytic systems. Now, going forward, BITA5,
supported by FAME’s historical and reference data, combines the power of new
Java-based technology with BITA Plus’ depth of experience in investment
analytics. It’s a win-win situation for our customers throughout the
industry at firms large and small, no matter what side of the market they’re
BITA5 offers institutional asset managers global risk control based on the
BITA Global Risk Models. As debate continues on the relative importance of
country and industry effects in assessing global risk, the BITA Global
Models include global style factors (Size, Value, Momentum, Volatility and
Liquidity) which transcend country and industry effects, allowing intuitive
reporting and control of risk in global equity portfolios.
For rigorous back testing with historical portfolio and benchmark data,
BITA5 includes BITA Strategy Simulator. BITA Strategy Simulator enables fund
managers to model and test their investment strategies using “real-world”
factors, to gain an insight into the dynamics of equity markets over the
last twenty years and to refine their own investment processes.
BITA5’s advanced optimisation tool is able to handle complex transaction
costs and provide higher performance for large-scale portfolio construction
problems as well as supporting hedge fund optimisation. BITA5 also features
a new user-friendly interface, based on an explorer tool for browsing
underlying market and securities data provided by FAME.