Risk Management Briefs

Asset Control introduced AC Contour, a comprehensive and flexible tool for creating and visualizing curves and surfaces used in financial markets. The product, which is part of the AC Business Suite of tools and applications, includes volatilities, correlation and variance covariance matrices, zero curves and bond curves. It was designed in close cooperation with risk and trading experts in six Asset Control customer institutions.

Sophis introduced VALUE v2.0, a new version of its fund and risk-management software for the buy side. It offers front-to-back portfolio management and risk control on a single backbone with extended-instrument- coverage for fixed income and interest-rate derivatives. The new release also includes a compliance-management module and reconciliation of positions, deals and net-asset-value calculations with depositories, administrators and multiple prime brokers.

Principia Partners announced enhanced credit-derivatives functionality in the Principia System version 4.0, including comprehensive-instrument coverage, the ability for portfolio managers to structure complex instruments, and advanced risk analysis and calibration techniques for pricing credit derivative and credit arbitrage products. To address the challenge of measuring the risk of instruments priced from disparate sources of credit-market data, the system provides a flexible calibration tool, utilizing intensity-based pricing models.