Reuters has announced the launch of a new risk management solution for the hedge fund industry. According to the press release, "Risk management is now vital to hedge funds as they trade an ever broader set of structured instruments across all asset classes."
JRisk On Demand can be accessed globally via a standard web-browser interface allowing users to view detailed intra-day risk measures as well as profit and loss and position information.
Andrew White, Global Head of Reuters Trade and Risk Management said, “JRisk On Demand marks a major milestone by providing tailored risk management to the hedge fund industry. We are meeting the demand for real-time, cross asset risk management coupled with the reliability synonymous with Reuters. As a hosted solution it makes state of the art risk management an easy and immediate reality for hedge funds.”
Reuters has 16,900 staff in 94 countries, including 2,400 editorial staff in 196 bureaus serving 131 countries. In 2006, Reuters revenues were £2.6 billion ($5.1 billion). Reuters acquired Palo Alto based Application Networks in June 2006 in order to benefit from state-of-the-art technology and experience in managing structured products and credit derivatives.
Reuters JRisk On Demand will be showcased on the Reuters stand at GAIM in Monaco 18th-20th June.
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