Wachovia licenses Application Networks' JRisk

Wachovia licenses Application Networks' JRisk

US bank Wachovia is implementing California-based Application Networks' flagship trading and risk management product, JRisk, to support its global fixed income business.

JRisk will be used for front- and middle-office on-demand risk management across the bank's entire fixed income business.

The system will also perform real-time sensitivity and scenario calculations for traders and risk managers.

Commenting on the implementation, Tom Gwydir, division information officer for Wachovia's fixed income division, says: "JRisk will be integrated with all of our other trading systems to provide a real-time view of risk, along with sophisticated scenario analysis based on our proprietary models."

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