Renaissance Capital has selected Imagine Software's award-winning hosted ASP service for real-time portfolio and risk management. Renaissance Capital is a Moscow-based firm managing cash equities, listed options, OTC options, futures, structured finance, and index products with a specific focus on emerging markets. The firm sought a reliable, proven risk management platform to improve efficiencies globally.
“We selected Imagine because its agility, global reach and customisation capabilities deliver the quality risk management we seek,” says Chris Carter, Global Head of Derivatives Trading. “Imagine’s user-friendly interface requires less training and its availability as a hosted service means I have real-time access to portfolios no matter where I am in the world. We felt very confident that Imagine’s experience and expertise would ease any implementation challenges and get us up and running quickly.”
Renaissance required a system that could work efficiently to measure real-time risk. The firm uses Imagine’s live risk analytics to track P&L and perform stress tests on current positions across their derivatives books. With Imagine, Renaissance can provide timely analysis and quick response to demands for real-time information.
“What appealed to me about Imagine is that its team has demonstrated the ability to make the platform really work for us, in real-time. It’s capable of carrying out the kinds of scenario testing we need to manage our portfolios,” says Terry Fenner-Leitao, Chief Operating Officer of Renaissance Capital’s Equities Desk. “Imagine enables me to run simulated shocks to measure risk. For example, I can hypothetically change oil prices by five percent and see how certain actions would be affected. It was very important to us to find a vendor that appreciated our specific scenario-testing needs and whose solution was fully scalable across different regions and product classes.”
Yvonne Dahl, Global Director of Sales and Marketing at Imagine, says: “Our software is perfectly suited for Renaissance Capital’s innovative investment strategy and extensive involvement within the emerging markets. They needed a system that could support them on a multi-region basis and is flexible enough to meet their specific needs and handle comprehensive risk, portfolio management and scenario testing requirements. Working with Renaissance Capital represents an expansion into several new markets—Russia, South Africa and Cyprus—for Imagine, which we’re very excited about. We look forward to a long and successful partnership with them.”