Sybase, a provider of enterprise and mobile software, and Siag Risk Management, a provider of investment portfolio risk management solutions, have formed a partnership to provide financial institutions with real time, on demand and intra-day visibility of investment portfolio risk.
Under this new partnership, enterprises and institutions will have access to advanced performance, risk management technology solutions.
"As we developed our range of advanced risk management solutions, we recognised the market need for calculating risk in major investment portfolios on an intra-day and on demand basis, using up-to-date, validated and certified data," says David Bristow, international development director, Siag. "We chose to partner with Sybase to complement our technology with the most advanced data management systems to provide access to accurate data precisely when it is needed, allowing asset managers to make timely and well informed decisions; reducing risk and maximising investment performance."
The partnership will combine Siag's Global Risk Solutions, developed from Siag's grid enabled calculation engines, with Sybase RAP - The Trading Edition and Sybase CEP, a complex event processing technology for performing analytics on high speed streaming data.
The partnership will initially focus on Bypass Circuit, a combination of Sybase's ultra-fast data management technology with Siag's high volume data processing calculation engines. This solution will extract data from established core legacy systems and deliver intraday and on demand risk analysis for the entire asset portfolio including historic, parametric and Monte Carlo value at risk and value at earnings with P&L vectors, complete with back testing and stress testing to full portfolio revaluation.
Stuart Grant, business development manager at Sybase, says: "Core legacy systems often restrict risk management analytics. Both Siag and Sybase products offer a cost-effective solution, implemented quickly and along-side the existing IT solution. Where timeliness, accuracy and control is key, putting a dedicated risk management process that makes use of the existing infrastructure sits better with organisations."
The partnership also extends to Sybase IQ and Siag's new GRS-Price Manager, a market price data management solution for the unified capture, normalisation, validation, certification and distribution of market prices with fully compliant audit trail and unobservable variable calculation functionality.
GRS-Price Manager is available from 2010 and Sybase IQ is the recommended and approved database management system.