SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has released version 5.5 of its flagship SimCorp Dimension investment management solution. This is the first of two upgrades planned for 2014.
The enhancements will provide SimCorp Dimension front office users ready access to risk and performance figures for calculations, which both automatically update when investment parameters are changed.
This will equip the front office to make better-informed investment decisions more rapidly in response to shifting market conditions, without waiting for the middle office to supply data. In addition, it will increase automation in the front office, reducing the risk of manual errors and improving efficiency through speed and accuracy.
The integration of middle office metrics into the front office solution has been introduced in response to client demand and in line with the growing pressure on the front office to quickly determine the risk and performance implications of actions such as new investment strategies and rebalancing of investment portfolios. Simulated risk projections will be available in seconds to portfolio managers with stress tests built into compliance processes to minimise operational risk.
An enhanced, comprehensive fixed income workflow has also been incorporated into the Order Manager, given the continued investor interest in the asset class and potential market shifts predicted in 2014.
"With markets moving faster than ever, it is essential that the front office have all the tools they need at the ready to make well-informed investment decisions on behalf of their clients," said Klaus Holse, CEO, SimCorp. "This was our goal when we began creating SimCorp Dimension Version 5.5, and we will continue to build integrated functionality to help investment managers stay ahead of the competition."