This module allows firms to create custom alerts based on real-time holdings and trade information, risk measures or even fund performance. When these alerts are triggered, Aura will notify designated managers via on-screen messages, E-mail, IM or the web.
According to Luis Otero, Chief Technology Officer at Athena, âHedge Funds need three things to achieve real-time surveillance: (i) They need a tool to consolidate all of their current position and trade information across all of their primes and executions systems; (ii) they need a high-performance analytics framework to calculate their real-time exposures, P&L & stress-tests and to evaluate both standard and custom alert rules; (iii) and finally they need the ability to notify managers of rule breaches immediately so that the problems can be corrected before they impact the performance of the firm.
Otero continues, âMany firms struggle with putting these pieces together themselves. By adding the surveillance module to Auraâs already robust data aggregation and high-performance analytics framework we allow our client have a best-of-breed analytics tool, and they can focus on investing, not systems.â
Athena distributes the Aura platform directly to funds, and as a private labeled system via other financial service providers and system vendors.