The cloud services can also be correctly sized to the risk requirements of the client, whether that be the number of open trading positions, amount of historical data, number of stress scenarios, complexity of the securities being traded, and so on. The solution is innovative because both the primary risk dashboard interface (a contemporary SaaS-based web application) and all supporting data services and model libraries are in the cloud, making it easy to ‘spin up’ new risk infrastructures when new clients are onboarded.
Traditionally financial models are made available in Excel by embedding them as dynamically linked libraries that Microsoft Windows understands. Torstone has also built an add-in for Microsoft Excel so users can perform ad hoc analysis using the cloud-based model library. With the cloud connectivity in place, the user can automatically pull down all dependent market and security terms data from Torstone’s cloud data services. The use of the cloud to scale the number of compute nodes being used dynamically at run-time means one is able to perform large risk simulations within a relatively short timeframe.įurthermore, pricing a given security using a particular pricing model typically requires a significant amount of market data and security terms reference data. Without this flexibility, execution time typically becomes very long and therefore risk calculations increase, eventually to the point that the required risk report arrives later than when it is due.
A contemporary web app dashboard provides firms with a ‘live risk’ view and the ability to navigate risk positions, primary and time-bucketed exposures, higher-level risk metrics such as historical value-at-risk, expected shortfall and stress scenario results.īenefits include that solutions, such as pricing calculations using the models, can be parallelised across as many compute nodes (processors) as are required to complete a given set of calculations in a desired timeframe. Torstone Risk is a real-time streaming, cloud-based, software-as-a-service (SaaS) platform that integrates natively with Torstone Post-Trade, providing risk metrics that tick with live positions and profit and loss. Torstone Technology’s Torstone Risk platform has brought to market an innovative and cutting-edge solution to make processes faster and more efficient through its library of over 150 credit, fixed income, foreign exchange, equity and commodity derivative pricing models – all hosted in a managed cloud environment on Amazon Web Services.
0 kommentar(er)
