STATPRO Group, a global provider of portfolio analysis and asset valuation services for investment professionals, was today voted the Best Buy-side Risk Initiative over the last 12 months – in the 2010 Buyside Technology Awards.
The award was given for StatPro Risk Management, a risk application that is integrated with a detailed data service covering 74 equity markets, 65 fixed income markets and now also features a new liquidity risk model.
StatPro’s Risk Management model is based on historical simulation, corrected to take into account jump-to-default and event risk. It covers 260+ pricing functions and uses QuantLib, the open source library of financial pricing methods (www.quantlib.org), as the building block of its pricing formulas.
In September, StatPro launched a new version of the solution, StatPro Risk Management 5.70, delivering the new model to measure market liquidity risk to its clients.
Commenting on the awards (which are voted on annually by a panel of industry experts for excellence in financial IT solutions and services), Dario Cintioli, head of Risk at StatPro, said: “We are delighted that StatPro has been awarded this title, in recognition of the hard work we put in over the past year. Our liquidity risk approach is truly innovative and will enhance our risk offerings.”
For an overview of StatPro’s risk management solutions, please see http://www.statpro.com/portfolio_analytics/middle_office_analytics/risk_management.aspx
For further information, please contact:
Jeanine Leuckel, StatPro
Tel: 020 8410 8655
Fabienne Pasquion, Ascension Consulting
Tel: 020 7100 6111 / 07984 119846
Notes to Editors
Dario Cintioli is available for interview upon request.
StatPro is a leading provider of portfolio analysis and asset valuation services for the global asset management industry. The company sells a SaaS-based analytics and data platform on a rental basis to investment management companies allowing them to analyse portfolio performance, attribution, risk and GIPS® compliance. StatPro also provides market data and valuation feeds including a Complex Asset Pricing service.
For more information visit http://www.statpro.com
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