18 January 2018
visit http://response.ncr.com

Guotai Junan Securities recruits Algorithmics and IBM to build risk platform

15 January 2008  |  4831 views  |  0 Risk on chalkboard

Toronto-based vendor Algorithmics is working with IBM to develop and implement a portfolio and risk management system for China's Guotai Junan Securities.

The vendors say the platform will be used by Guotai Junan Securities for security trading and fund management.

The project will utilise IBM's Risk Management Framework services - including how to optimally set limits for traders, trade index options, and trading operations structures - along with Algorithmics' Algo Risk software.

Colin Lawrence, IBM's China risk management leader, IBM, says the system will ensure that "Guotai Junan Securities will be able to explore alternative short-long strategies and be in excellent shape to do programmed trading once the equity index starts trading on the Shanghai Exchange".

Zuo Feng, chief compliance officer, Guotai Junan Securities, says: "Risk management, internal control and compliance will be some of the most important business developments in the Chinese securities industry in the years to come. To compete in this environment, Guotai Junan Securities needs to speak the international language of risk management."

IBM and Algorithmics have also disclosed that they are forming an alliance in China focusing on market and counterparty risk as well as collateral management. The two companies will offer financial services firms in the country Algorithmics software and systems integration and consulting services.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

IBM to open Vietnam tech lab

IBM to open Vietnam tech lab

14 January 2008  |  5091 views  |  0 comments
Algorithmics signs Bank of Ireland Global Markets to market risk technology

Algorithmics signs Bank of Ireland Global Markets to market risk technology

12 December 2007  |  5765 views  |  0 comments
Algorithmics signs China Construction Bank

Algorithmics signs China Construction Bank

05 June 2007  |  4245 views  |  0 comments
Fitch to buy Algorithmics for $175m

Fitch to buy Algorithmics for $175m

17 December 2004  |  13250 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.capgemini.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10474 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10046 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9732 views comments | 17 tweets | 14 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9629 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9188 views comments | 17 tweets | 16 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job