Trading & Risk Management Software

By: Cklear

The world of trading and risk management has moved on. Today firms trade across many asset classes from fixed income to commodities trading. Whilst the trading activities have grown more complex and more risky the software developed for managing risk is still the same in many cases. The overwhelming majority of firms use in-house software development to provide for their financial trading needs. Usually this software grows organically over a number of years as firms implement improvements to existing trading software or add new trade types and asset classes to existing commodities trading systems, for example. Over time this results in a patch work of different systems e.g. energy trading software along side financial trading and risk management systems with various export files being passed between them through various developed interfaces.

Each time a new module of software is developed and implemented the issue gets worse. Overnight batches that fail regularly, late reports and incomplete risk management information are some of the typical outcomes. Traders get frustrated and blame the IT implementation team but the cause of the problems lie in the complexity and fragmentation of the systems themselves. If you have 10 systems you will have a minimum of 100 different ways they each of them can communicate with the others. Each of which has to be maintained and which can therefore become the source of system down time.

This is where cKlear can help. Our consultants and technicians have deep understanding of implementing energy and commodities trading and risk management solutions. With combined expertise running into hundreds of man years, we have solved many of the problems that trading firms face. We use a unique approach to dealing with the problems of complexity and fragmentation within a firms trading software solutions. In partnership with Hyper Rig Limited we are able to remove many of the obstacles in the way of having reliable, fully integrated, seamless software solutions.

Hyper Rig is a fully functional light- weight integration fabric for risk management. It has been developed with pre-integrated tools that work in unison together making it possible to create seamless end-to-end solutions. It means you can continue to get value from your investment in existing software packages but greatly improve performance and efficiency. Today's risk management issues are not to do with mathematical models they are to do with integrating systems and data into robust reliable solutions.
When you combine cklear's excellence and experience in implementing working solutions with Hyper Rig's risk fabric you get significant measurable improvements. Traders can get to market quickly with new trade types and products instead of waiting weeks or months. Firms get greatly improved efficiency in back office operations and that means lower costs and reduced operational risk.

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