Reuters launches risk management system tailored for hedge funds

Date: Tuesday, June 19, 2007
Author: Hedgeweek.com

Reuters is launching JRisk On Demand, a tailored risk management solution for the hedge fund industry that it says delivers real-time risk management tools directly to the individual manager's desktop.

According to Reuters, a growing appetite for risk and increased volume of trades means hedge funds must have access to real-time risk positions rather than rely on end-of-day calculations as they trade an ever-broader set of structured instruments across all asset classes.

The firm says JRisk On Demand provides true multi-asset class coverage that brings together real-time risk management functions on a single platform, and can be accessed via a standard web browser interface that allows users to view detailed intra-day risk measures as well as profit and loss and position information.

The product is hosted by Reuters using established JRisk technology, which can be quickly deployed with minimal upfront investment in any IT infrastructure. As users of a hosted solution, users benefit from the validated, real-time and low latency data managed by Reuters.

Says Andrew White, global head of Reuters trade and risk management: '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.'