ConvergEx adds PortfolioScience's Risk API to OMS

Source: ConvergEx

ConvergEx Group, a leading technology company, today announced that its award-winning order management system, the Eze OMS™, now offers PortfolioScience's RiskAPI® risk management tools directly in the Eze OMS for a fully integrated, highly configurable risk solution.

Founded in 2000, PortfolioScience specializes in risk management technology for financial institutions, investment services, financial advisors and hedge funds. The company's products allow fund managers, traders and investors alike to access risk analysis capabilities on-demand.

With this integration, Eze customers can view and analyze Value at Risk measures, historical volatility and the value of their portfolios and positions under stressed market conditions. They can also combine real-time views of P&L, exposure and investment strategies with powerful and accurate risk measures that keep track of intraday portfolio activity.

"The addition of PortfolioScience to our list of Eze Risk Framework partners provides our customers with risk measures that reflect intraday portfolio activity and are intuitive to understand," said Davide Cis, CFA, director of Risk Product Management for ConvergEx's Eze Castle Software. "This is an excellent complement to our recently released Valuation and Scenario risk management tools. Eze Portfolio Management users now have expanded access to a new set of measures that are important for monitoring and managing their portfolio risk and performance."

"We are very excited about the integration of our tools into the Eze OMS. The combination of powerful, on-demand risk analytics and the spectrum of robust features of the Eze platform will result in a huge added value for the investment community," said Ittai Korin, president of PortfolioScience. "The result represents a significant step forward for the industry in terms of making risk analysis available in a seamless and dynamic manner."

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