Oppenheimer & Co. Inc selects Softek’s Capital and Credit Management Solution

New York and Toronto, ON - 8 February 2017

Softek, a leading provider of Capital and Credit Management solutions today announced that Oppenheimer & Co. Inc, a leading investment bank and full service investment firm, has selected Softek to provide intraday risk and credit monitoring against their proprietary trading operations and firm collateral pool.

Peter Giordano, Managing Director at Oppenheimer & Co. Inc said; “Partnering with Softek has significantly enhanced Oppenheimer’s risk management toolkit, assisting us in more rapidly developing risk analytics in the areas of Credit, Liquidity and Market Risk Management”.

Andrew Powell, COO at Softek commented; “By focusing on our clients’ needs, Softek leverages innovation to deliver solutions for a diverse range of market participants, from start-ups to the larger more established firms. We are delighted that Oppenheimer & Co. Inc chose Softek and we look forward to supporting their future business growth. We count it a privilege to be able to work with such a highly respected and established firm”.

Oppenheimer & Co. Inc. Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), and its affiliates provide a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.

Softek is a leading provider of Capital and Credit Management services with a focus on regulatory capital, margin lending, security finance and risk reporting. Our full service utility delivers an innovative suite of integrated post trade solutions by combining data management, risk and capital calculations in near real time.

Softek services a diverse range of financial businesses including; Banks, Prime Brokerage, Broker-Dealers, Proprietary Trading, Correspondent Clearers, Wealth Management and Hedge Funds.

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