Reuters is launching JRisk On Demand, a tailored risk management solution for the hedge fund industry delivering real-time risk management tools directly to the individual manager’s desktop.
A growing appetite for risk and increased volume of trades means hedge funds must have access to real-time risk positions rather than rely on end-of-day calculations, the firm says. JRisk On Demand provides multi-asset class coverage that brings together real-time risk management functions on a single platform.
Risk management is vital to hedge funds as they trade an ever- broader set of structured instruments across all asset classes. JRisk On Demand can be accessed globally via a standard web-browser interface allowing users to view detailed intra-day risk measures as well as profit and loss and position information.
The product is hosted in partnership with middle- and back-office support services provider GlobeOp Risk Services using established Reuters JRisk technology which can be deployed with minimal upfront investment and the ability to work across any IT infrastructure, says Reuters.
"JRisk On Demand marks a major milestone by providing tailored risk management to the hedge fund industry," says Andrew White, global head of Reuters trade and risk management. "We are meeting the demand for real-time, cross asset risk management coupled with the reliability synonymous with Reuters. As a hosted solution it makes state of the art risk management an easy and immediate reality for hedge funds."