22 October 2017
Register now

Enskilda Securities licenses Sophis for Risque management

02 August 2001  |  3277 views  |  0 Enskilda Securities licenses Sophis for Risque management

Swedish investment bank Enskilda Securities has implemented the Risque trading and risk management system from London-based equity and derivatives technology vendor Sophis.

Enskilda needed a system that would enable the bank to structure, trade and manage its risk for complex OTC instruments, including multi-currency baskets, and a wide range of instruments listed on the Amsterdam, Copenhagen, Frankfurt, Helsinki, London, Oslo, Paris and Stockholm exchanges.

Key factors in the decision to licence Sophis Risque were the system's ability to manage a wide range of exotic derivatives, the compatible, modern system infrastructure and the advanced risk management functionality it provides, says the bank.

Enskilda has also licensed Sophis' Financial Integration Toolkit and additional Risque workstations for its development team, allowing the market risk technologists to write new deal structures to meet the specific requirements of its OTC client trading operation.

The Financial Integration Toolkit enables users to integrate specific market data types, proprietary pricing models, new or highly structured instruments and risk scenarios. Once integrated, these new structures become immediately accessible across the organisation - by the traders in the front office, by the risk control group and by the back office ensuring secure risk management across the enterprise.

Kenneth Berglund, global head of risk control at Enskilda Securities comments: "From a trading point of view the Risque system is easy to use and the added flexibility of the Toolkit allows us to map highly complex deals into packages to meet individual client's needs and to tailor-make products for the retail market. For global risk management Risque will enable us to manage all our positions globally with the sophisticated functions that we demand."


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

EO partners with Omiris and Enskilda Securities

EO partners with Omiris and Enskilda Securities

02 July 2001  |  2086 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister now

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14446 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13027 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9778 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9648 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8785 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job