- Additional features include grid computing capabilities plus new data service tool
London, June 21, 2005 - Sophis, a leading provider of cross-asset, front-to-back-office solutions, today announced the release of version 5.0 of its RISQUE solution, the firm's platform for sell-side institutions. The new version features enhanced data management, valuation and analysis capabilities across credit, foreign exchange and interest rate derivatives. In addition, RISQUE's commodities module now handles physical and futures trades in oil, gas, metals and soft commodities, plus VaR calculations. Version 5.0 also cements RISQUE's position as a leading cross-asset, front-to-back-office solution with new back office features, a customisable data management module and improved grid computing capabilities.
"Investment banks cannot afford to maintain asset-based silos as the market for hybrid trades and structured products continues to gather pace. At a time when they are being judged increasingly on their financial engineering capabilities, investment banks need systems that can model and price structured products quickly to maintain competitive advantage. This is why Sophis has invested heavily in a programme of continued development across all asset classes. RISQUE v5.0 is a milestone in the evolution of cross-asset solutions, but we are aware of the need to evolve functionality in line with market needs," says HervÃ© Vinciguerra, Chairman, Sophis.
The new functionality included in v5.0 enables users to develop and trade a wider variety of instruments across asset classes, with particular focus on supporting cross-asset needs that have increased due to the growing market for complex derivatives based on a range of underlying instruments. RISQUE v5.0's credit derivatives module includes an expanded range of valuation methods and risk analyses for collateralised debt obligations and basket credit default swaps. In addition, its interest rates derivatives module now supports a broader range of instruments using improved market data management, pricing, portfolio management and risk analysis tools.
Sophis has added a new data service module to v5.0 in response to sell-side clients' growing use of different data sources across asset classes. Also launched to buy-side clients, the data service module allows users to retrieve data from a range of external and internal sources according to a variety of pre-configured parameters. The new release also offers enhanced grid computing capabilities through a calculation server which supports integration of heterogeneous calculation units, thus enabling optimum use of computing resources.
RISQUE v5.0 also helps sell-side institutions increase the efficiency of their liquidity management operations through improved back office capabilities. In addition to a new collateral management/margin calls module, v5.0's improved stock lending/borrowing functionality provides greater detail on instruments, such as payment and commission rates.