RevalÂ®, the leading provider of web-based derivative and hedge accounting solutions, announced the release of Version 4.1 of HedgeRxTM. In its second significant release this year, Reval added new tools for exotic options pricing, transaction order management, bank balance management and fixed income credit curve pricing.
As an Application Service Provider ("ASP"), Reval can focus time and expertise on continually expanding the depth and breadth of HedgeRx, its flagship derivative and hedge accounting solution. Each new release brings general enhancements as well as new modules. "Upgrades provided by Reval are hands-free for the client, which is unheard of in the client server world." said Jiro Okochi, CEO and Co-founder of Reval. "Revalâs Client Solutions group conducts rigorous quality assurance of the application with real client transaction data to ensure a smooth release and an instantaneous upgrade for clients."
Reval continues to extend HedgeRx to service new markets with different needs. Its new Credit Curve module enables sophisticated management of credit spreads by the liability manager or the fixed income asset manager. Users can create a term structure to credit spreads for single issuer, basket or benchmark.
The Order Management module enables central treasury managers or market making desks to manage orders submitted by subsidiaries or clients. Fills, partial fills and unfilled orders and their respective prices now can be monitored on-line.