ConvergEx Group Builds Out Eze Risk Framework

NEW YORK, Nov. 2, 2011 /PRNewswire/ -- ConvergEx Group, a leading technology company, today announced that its award-winning order management system, the Eze OMS™, has greatly expanded the number of integrated risk management tools available through the Eze Risk Framework. 

The Framework, which gives users direct access to third-party risk providers, now offers innovative products from Investor Analytics, FinAnalytica, PortfolioScience and Risk One. Available risk management tools include end-of-day reporting, Value at Risk (VaR) statistics, scenario and what-if analysis and intra-day statistics. Users will also be able to combine risk analysis with stress testing and scenario analysis for a tactical and strategic approach to risk management. These tools are in addition to existing Framework offerings from RiskMetrics.

"Actively managing risk in a variety of ways is a necessity in these volatile markets. Investors are under increasing pressure from clients and regulators to provide reports about risk in their portfolio, but finding streamlined and integrated solutions have until now been difficult," said Davide Cis, risk product manager for ConvergEx's Eze Castle Software. "We are pleased to form these relationships because they give our customers cost-effective and comprehensive risk solutions that are straightforward and easy to use. Furthermore, these providers are experienced and knowledgeable, with excellent reputations for client service."

"Working with ConvergEx was a natural choice since so many of our customers have chosen the Eze OMS as their preferred technology," said Michael Poisson, chief sales and marketing officer of Investor Analytics. "Customers want solutions that are powerful yet intuitive, and both Eze and Investor Analytics have always offered customers a considerable degree of choice and ease to implement the changes they want."

Highlights of each provider include:

• Investor Analytics (www.investoranalytics.com) offers robust risk transparency services, including industry-leading risk analysis, advanced risk-return models and highly accessible intraday and end-of-day reporting. Users can build scenarios, run stress tests and perform what-if analysis to provide a streamlined risk management workflow.
• FinAnalytica (www.finanalytica.com) delivers multi-asset class, predictive risk and portfolio construction analytics for traditional holdings-based and alternative returns-based portfolios. With its patented Cognity fat-tailed framework, investment managers derive unique pre- and post-trade insight through tail risk scenario analysis and reporting of fat-tailed VaR, ETL and ETR estimates alongside classical volatility measures.
• PortfolioScience (www.portfolioscience.com) offers RisKAPI, a hosted, fully customizable application programming interface (API) solution that includes all necessary market data, computing power and analytics, including multi-model VaR, option analytics, volatility, beta, correlation and matrix analysis. Accessible via Excel as well as the .Net and Java frameworks.
• RiskOne (www.conceptonellc.com) offers a full suite of risk and performance reporting along with  expert advisory and full enterprise risk management assessment. RiskOne also offers a robust data management solution that integrates its risk and performance reports with Geneva accounting systems.

The award-winning Eze OMS leverages a real-time open architecture to streamline the investment cycle for all asset classes – from idea generation through settlement. The Eze OMS provides functionality to support portfolio management, compliance, trading and operations in a single platform.

About ConvergEx Group

ConvergEx Group is a leading technology company providing mission-critical proprietary software products and technology-enabled services to asset managers and financial intermediaries globally.  Its products and services span the investment life cycle and are designed to enable customers to achieve improved results through operational and workflow efficiencies, execution and analytical tools and highly personalized service. The firm serves customers accessing over 100 global markets.  Formed in 2006, the firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.

BNY ConvergEx Group, LLC is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC); Eze Castle Software LLC,  RealTick LLC and ConvergEx Research Solutions LLC, of which Jaywalk, Cogent Consulting and LDB are divisions.  Additional information is available at www.convergex.com.

Contact:

Elizabeth Anderson
[email protected]
212.468.7713

SOURCE ConvergEx Group