*Cross-product risk management including structured products
London, 13 November, 2001 - Tamesis, a leading supplier of new generation risk management and trading solutions to investment banks, today announced the launch of Tamesis Risk Informer. The product gives users a 'near time' view of risk and p&l across all of the products traded by a desk.
Aggregating risk from different systems has traditionally been a time consuming and labour intensive process. Tamesis Risk Informer consolidates traders' cross-product positions and p&l, wherever the trades originate, allowing users to make more informed trading decisions while saving middle office costs. The system provides substantial visibility and transparency for both credit and market risk, supporting trading activities across the desk and allowing trading managers a better understanding of their traders' strategies. Above all, traders and trading managers can perform T+0 risk analyses, target more effective hedging strategies and concentrate on increasing revenues.
Dr Nicholas Stewart, Head of Product Development, Tamesis, says: "This is a significant milestone for Tamesis in offering a unique desk level risk management solution. Investment banks tend to have many trading systems, most of which are unable to communicate effectively with each other.
Consolidated risk information tends to be on a T+1 basis and prone to reconciliation issues. Tamesis Risk Informer shows this in a consistent, complete and highly configurable view updating in 'near time'. This allows a business to concentrate on better trading and co-ordinating consistent responses to market events."
Tamesis Risk Informer is built using Tamesis' component-based Java technology. Tamesis Risk Informer has been designed to co-operate with a bank's existing infrastructure and trade capture systems. It is able to leverage a bank's investment in its pricing and analytics libraries. Tamesis software is already in production at several sites globally.
James Tomlin, CEO, Tamesis, states: "Financial institutions are constantly looking to new technology to gain competitive advantage. Tamesis Risk Informer gives its users a view of their exposures, across all the asset classes that they trade. Knowing where you are, based on current information, instead of having to guess using old information, allows users to optimise their trading performance."