NEW YORK, April 5, 2017 /PRNewswire/ -- PortfolioScience, a leading provider of on-demand risk management systems, today announced that Flint Hills Resources, a leading refining, chemicals, and biofuels company has selected the RiskAPI® platform to analyze the risk of its energy hedging portfolio. RiskAPI is a hosted, on-demand portfolio risk analysis service that includes coverage of both listed and OTC global commodity & energy derivatives.
"As a producer in the energy market, Flint Hills Resources' requirements for risk analysis are significant. These include computational performance, data flexibility, and information security. We are pleased that the RiskAPI system was selected by the team at Flint Hills due to its ability to both meet and exceed these," said Ittai Korin, PortfolioScience's founder and President.
RiskAPI offers a full range of multi-model Value at Risk, stress-testing and other quantitative analysis features, allowing both producers and speculators in the energy and commodity markets to easily generate dynamic risk calculations through multiple levels. The service includes all data, computing, and analytics across global energy and commodity markets, making it extremely easy for users to implement a sophisticated risk analysis infrastructure.
About Flint Hills Resources
Based in Wichita, Kansas, Flint Hills Resources is an independent company and wholly owned subsidiary of Koch Industries, Inc., one of the largest private companies in America. According to Forbes magazine, the estimated annual revenues of Koch Industries, Inc. are as high as $100 billion. The company traditionally reinvests 90 percent of earnings back into its businesses ranging from transportation fuels, fertilizers, process and pollution control equipment and technologies, minerals, energy, ranching and more.
For more information, visit: www.fhr.com
PortfolioScience specializes in risk management technology for financial institutions, investment services, financial advisors, and hedge funds. The company's products allow fund managers, traders, and investors alike to access powerful risk analysis capabilities on demand. PortfolioScience creates turn-key risk management systems for institutional financial services, allowing them to provide their clients with portfolio risk analysis services virtually overnight. Founded in 2000, PortfolioScience serves clients globally, spanning the brokerage, fund administrator, hedge fund, and mutual fund industries.
For more information, visit: www.portfolioscience.com
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