"This latest version of Algo Risk has powerful features that enable individual users to customize user interfaces to their unique requirements," says Andy Aziz, Vice-President of Buy-Side Solutions at Algorithmics. "Traders, portfolio managers and risk managers within organizations have differing business needs and preferences, and we developed version 1.6 in response to user feedback for more individual choice and control over the way information is interactively displayed, processed and analyzed."
Algo Risk version 1.6 includes the following features:
Â· Custom Interface - As part of continued efforts to deliver an intuitive and functional interface that can be customized, users can now remove and re-order sections and tabs to create a front end that caters to their specific needs. New reporting components have also been added to enhance the information display. Users can visually assess the riskiness of their portfolio through Heat Map and Output Meter displays.
Â· Advanced risk analytics - As part of continued efforts to strengthen analytics, risk analytics are now more transparent and enable users to see underlying computations. Users can decompose tracking error into asset allocation, security selection and interaction impacts. Similarly, VaR analysis is split into interest rate, equity and foreign exchange components to provide users with more comprehensive and insightful analytical tools. Hedge fund users can also benefit with analytics such as NAV, Beta adjusted NAV, Net Market Exposure, etc. when assessing their portfolio risk.
Â· User-defined scenarios - Users have greater control over scenarios and can now make specific changes to the shape of an interest rate curve. This feature allows users to interactively create additional curve shift scenarios and dynamically assess the impact these changes have on their portfolios.
Â· Historical Reporting through Time - Historical reporting enables users to recall stored historical risk and P&L data to conduct backtesting and performance analysis that allows them to compare the actual performance over time of a portfolio or instrument to expected results.
Â· Advanced hard-copy reports - Users can print and export report views in PDF formats that enable them to customize font type and size as well as paper size and layout. This provides users with greater flexibility when generating hard-copy reports.
Â· Product coverage - Product coverage continues to be expanded and version 1.6 now includes more derivative products such as options, swaption, etc. and more comprehensive coverage of mortgage and asset-backed securities.