Corporate and trading risk solutions provider KRM22 Group has adopted PortfolioScience’s RiskAPI platform to power the value at risk calculations in its Risk Manager application.
KRM22’s Risk Manager, a web-based graphical user interface, brings together real-time P&L and exchange margin, parameterised stress risk, value at risk and further account credit metrics to give firms greater control over their trading.
Using RiskAPI, users will be able to generate dynamic risk calculations through multiple levels, the firm stated. Covering data, computing and analytics across global equities, options, currencies and fixed income, alongside global physical, listed and OTC derivatives, will allow for more comprehensive risk analysis infrastructures to be implemented, it added.
Dan Carter, CEO of KRM22, commented:”We are delighted to have partnered with Portfolio Science’s RiskAPI to bring full Value at Risk calculations on account portfolios alongside KRM22’s real-time P&L, margin and stress results. This will allow risk managers full visibility across their client portfolios in one place, which, when combined with the integration to KRM22 Limits Manager, allows full control of trading activity in a first for our industry.”
Ittai Korin, founder and president of PortfolioScience, added: “The risk management requirements of the sell-side brokerages served by KRM22 are challenging and complex. We are pleased that they selected RiskAPI to power the VaR calculations available in the Risk Manager product with dynamic quantitative risk calculations.”
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