(For the original press release please go to http://www.marketwired.com/press-release/-2231585.htm)
LONDON, UNITED KINGDOM–(Marketwired – August 28, 2017) – Derivitec and Messer Financial Software are collaborating to provide straight through risk processing for PAG, one of Asia’s largest alternative investment management firms. The solution seamlessly integrates into PAG’s existing architecture to provide a high grade platform covering order and execution management together with a comprehensive and multi-faceted analytics framework.
Derivitec allows clients to access high grade industry standard risk reporting software, directly through the web, with zero installation overhead. Whilst originally designed to handle analytics on derivative products, the platform has been significantly extended to provide a suite of solutions that cater for everything from market shock analyses to regulatory reporting across a wide range of assets and with a comprehensive global footprint. End of day market data, and portfolio management are provided as standard, leaving the client with nothing more to do than upload portfolios in return for calculated output requests.
Recent advances include integration with other order management providers, provision of real time risk analytics and valuation, and extension of a user controlled flexible reporting platform. In conjunction with pre-trade capabilities, and the powerful presentation interfaces of the Risk Portal, clients are now able to monitor and control their risk in as many ways as they need, both before, and after, positions are put on.
George Kaye, CEO and founder of Derivitec, comments: “It is a great honour to work with PAG. The experience has led to a material increase in the utility of our product offering, and indeed has now brought us within sight of the ‘holy grail’ of hedge fund risk systems: a scalable straight through process from trade initiation to full post trade analysis. We are greatly looking forward to working with PAG to build a product which not only enhances their own risk capabilities, but those of the industry as a whole”.
Bryan Messer, CEO and founder of Messer Financial Software, comments: “Data quality and data consistency are two of the most important factors in the effectiveness of risk solutions. The combination of our extensible security master and order management modules coupled with our configurable workflows provide a seamless integration to Derivitec. This same extensibility ensures that our clients have a solution that can easily accommodate new data requirements and support for other asset classes that they may trade in the future”.
Derivitec Ltd is a financial software vendor committed to simple yet effective solutions for the management of risk in financial services. Founded in 2011, the company has built its reputation on the analysis of risks associated with financial derivatives. To this end it has developed, at industrial scale, a best-in-class yet highly cost competitive customer solution via its cloud orientated software platform.
The team at Derivitec is determined to deliver on the company’s mission of simplifying and improving risk management for the benefit of its customers and that of the financial industry in general.
PAG is one of Asia’s largest alternative investment management firms, with a diverse array of funds in private equity, real estate and absolute return strategies. With approximately US$18 billion under management, PAG’s deep expertise and on-the-ground presence in key markets across Asia provide the firm with access to proprietary deals and the flexibility to create innovative financing solutions across the investment spectrum. Since 2002, PAG has invested over US$30 billion in Asia, creating value for its investors and for the companies in which it invests.
About Messer Financial Software
Founded in 2013, Messer Financial Software is an innovative FinTech company that provides ‘buy side’ solutions which are highly flexible and modular, as well as workflows that are built upon its award winning DataCube technology. Clients can pick and choose from a selection of modules that cater for the ever-changing demands of internal, regulatory and other external data requirements. These modules include (but are not limited to): Order Management, Portfolio Management, Trade Financing, time series capture and data aggregation, and a flexible and comprehensive charting and reporting suite.
Messer continues to differentiate with product innovation, solution design and best-in-class support.