Linedata has formed a strategic partnership with Altaira to incorporate its cross-asset risk analytics into Linedata products.
The combined offering will be called Linedata Risk Analytics and will include stand-alone risk solutions or risk solutions combined with its Beauchamp hedge fund suite and LongView Trading System.
"Both Beauchamp and LongView have integrated analytics in their existing applications, but people are looking for more in today's environment," says Gavin Little-Gill, executive vice president of Linedata. "The ability to look more extensively at risk metrics and do scenario analysis at both the security and portfolio level is key."
He adds that traders are looking for risk analytics to go beyond end-of-day and take into account intra-day activities and being able to "shock the system." This type of shock could include yield shifts or simulating Fed rate hikes to find the impact on a portfolio.
Linedata Risk Analytics will provide valuations, analytics and risk management across asset classes and markets, including fixed income and credit derivatives.
"The reality is that in a volatile environment it's a great time for a trader. It's an opportunity for them to differentiate themselves out in the market, but they have to make sure they have the best equipment and tools at their disposal," says Little-Gill.
Little-Gill says Linedata has developers working with Altaira to integrate the risk offerings. "We have clients that are giving us ideas about what they want - how they want data to move from our applications, what information they want to pass back, etc." he adds.