Sophis releases a new version of VALUE The groundbreaking solution providing Front to Back portfolio management and risk control on a single backbone

London, April 14th 2003 – Sophis has launched VALUE v2.0, a new version of its fund and risk management solution for the buy-side. Some of the significant enhancements in the release are the extension of instruments coverage, especially Fixed Income and Interest Rate Derivatives, the automation of reconciliation with administrators and prime brokers and the real-time compliance management.

VALUE handles cash and derivatives instruments on Equity, Fixed Income, IR and FX. The new version is enriched with a breadth of Fixed Income and Interest Rate Derivatives including IR Swaps, Bond Floaters, Bond Futures, IR Futures and IR Future Options to comply with the most demanding requirements of Fixed Income Funds.

VALUE was launched in January 2002 originally as a front-middle office product. It was extended to cover back office requirements and to answer connectivity issues. The new release includes a complete and flexible compliance management module which can be customised to take into account, in real-time, fund investment policy rules, legal and internal rules, as well as client’s specific rules. Another new feature is the reconciliation of positions, deals and NAV calculation with depositories, administrators and multiple prime brokers.

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