ITSoftware Risk Manager reaches Wall Street

1 March 2011

Easy Trade ® Risk Manager is being launched in the USA through a partnership agreement with the American Consulting company, Computer Intelligence Group Inc (CIG) which has been the supplier of Consulting services to Wall Street since 1984.

IT SOFTWARE an Italian Software firm with more than fifteen years’ experience in e-finance, announced a partnership today with Computer Intelligence Group Inc (CIG) for the marketing of its specialised products throughout North America. CIG will also support IT SOFTWARE in the installation, integration and first level support of the Easy Trade Product.

CIG has been operating in the U.S. market since 1984 providing Consulting services to the Financial Community, to such companies as; Morgan Stanley, Fannie Mae, Freddie Mac, JP Morgan Chase, Bank of New York, Citigroup, Mizuho, CSFB, Bear Stearns, Goldman Sachs and other Wall Street firms.

The US market is currently focused on issues such as pre-order validation and the recent regulatory changes imposed by SEC, so the Marketing will initially focus on the Easy Trade Risk Manager which addresses those issues.

The Easy Trade product is able to perform complex assessments of a portfolio in less than 200 microseconds which makes it particularly suitable for use both in contexts of pre-order validation as well as a tool for post-trade risks monitoring.

"The Partnership with CIG is essential for IT SOFTWARE because it comes at a time when the U.S. market is addressing the issues that Easy Trade Risk Manager deals with very effectively and efficiently. “This partnership is part of IT SOFTWARE’s global growth strategy, which we believe CIG will help accelerate to bring to market and support effectively in the US, the Easy Trade Product”. Mirko Marcadella Managing Director of IT SOFTWARE said.

Joseph Feldman Executive VP in CIG says: "The risk issue is on top of our customers’ Agenda that is why we believe they would immediately benefit from the implementation of the IT SOFTWARE solution that combines functional richness at ultra high performance. We are two companies with strong and extensive expertise in the financial market, our deep understanding of the technology and knowledge of finance is the reason we are confident that our partnership will be successful. "

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