List Group Launches FMR Grid for Simultaneous Analysis of Risk across Asset Classes

London - 7 December 2009

List Group, the independent electronic trading provider behind 15 of Europe’s electronic markets, today launched its standard alone grid computing platform, FMR Grid. The powerful platform enables financial institutions to conduct complex risk analysis simultaneously across asset classes, significantly improving risk management performance and effectiveness.

The readymade, grid-based software tool provides portfolio managers, asset management firms and market makers with the ability to price, stress test and evaluate the risks of large and complex portfolios in real-time. Asset class coverage includes FX, MM, fixed income, equity derivatives, interest rate derivatives and credit derivatives for both over-the-counter (OTC) and exchange-based markets.

Enrico Melchioni, CEO of List Group’s FMR Consulting division, comments: “It is imperative that today’s financial institutions are able to quickly and efficiently evaluate the potential risks and rewards of their trading strategies across all asset classes. Even nowadays very often the existing market products are slow, with calculations insisting on a single server. List Group’s FMR Grid allows multiple calculations to happen in parallel reducing the time it takes to carry out in-depth analyses.”

Stefano Falciani, Managing Director, List UK, adds: “FMR Grid offers a scalable out-of-the-box solution to manage increasing volumes of information. It is rapidly integrated with your own trading application and can be accessed from a single screen, offering reduced infrastructure costs and the flexibility to meet evolving business requirements.”

FMR Grid can be used to extend the capabilities of List Group’s multi-asset FastTrade platform and position keeping systems. FastTrade seamlessly connects to electronic markets and offers a range of customisable modules tailored for different asset classes and trade styles.

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