Odyssey partners with TechRules to provide new solutions in decision support and on-line portfolio diagnostics

25 April 2003 - Odyssey Asset Management Systems is pleased to announce a strategic partnership with TechRules, which significantly extends the functional coverage of investment management activity by Odyssey’s integrated solutions.

Odyssey provides a range of market-leading business solutions, covering tools for portfolio management (Triple’A), relationship management (Advisor) and advanced customer reporting (Mirage).

Through the partnership with TechRules, Odyssey has been able to both (1) expand its product range with a flexible portfolio web reporting solution (My Portfolio), and (2) add sophisticated decision support components to the Triple’A & Advisor solutions.

TechRules was founded in 1999 in Madrid with the objective of exploiting via Internet the extensive experience and long track record of its principal founding partner, Expert Timing Systems Intl. (ETS) which has been advising top financial institutions since 1987 in the management of their investments by means of quantitative methods of portfolio optimisation.
Noted financial institutions like Deutsche Bank, Swissquote, Comdirect and Banco Popular Espanol or portals like Yahoo Finance have chosen TechRules solutions.

My Portfolio is a flexible wealth management system for single portfolios, providing risk diagnosis (simple or advanced), linked market analysis (portfolio asset allocation analysis & portfolio position analysis) and linked product advice - over a web user interface. With just a simple click from any Internet/Intranet, a professional user or the end-customer can receive a detailed report containing an in-depth analysis of the portfolio along with proposals for the improved balancing of the risk and return expectations. This can be linked to the investor’s profile and model portfolios. This allows the banks to deliver a fully personalized reporting and investment advice.

"My Portfolio is a comprehensive portfolio risk diagnostic system which can be customised to respond exactly to the needs of relationship managers, portfolio managers, funds managers and their clients. My Portfolio is also very simple to integrate into an existing infrastructure. Availability through an ASP solution makes it possible to plan costs on a steady, regular basis", says Ken Watson, Marketing and Business Solutions Director for Odyssey.

New Decision Support components for Triple’A and Advisor mean Odyssey answers the need for portfolio managers and relationship managers to receive fast, independent and objective portfolio risk diagnosis & advice and to access financial market analytics. Decision Support delivers on-line portfolio risk diagnosis, market analytics and advice, and makes it possible to find optimal allocations using an advanced on-line portfolio optimisation tool.

Antoine Duchateau, CEO of Odyssey, explained the reason for this new partnership:
"TechRules had been initially recommended by some of our existing clients and this good impression has been confirmed through our experience of TechRules as a professional company with a wealth of expertise and a modern business model. Our close partnership with them allows us to propose a wide added value to our customers and markets in terms of portfolio risk diagnosis, advice based on the quantitative analysis concept, market analytics and optimisation."

TechRules CEO, Jorge Bolivar, commented "Odyssey is the right partner for the international expansion of TechRules. There are strong synergies between both companies which make it possible to offer a highly competitive multichannel service to the financial sector."

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