| The world of trading and risk management has | | | | technicians have deep understanding of implementing |
| moved on. Today firms trade across many asset | | | | energy and commodities trading and risk |
| classes from fixed income to commodities trading. | | | | management solutions. With combined expertise |
| Whilst the trading activities have grown more | | | | running into hundreds of man years, we have solved |
| complex and more risky the software developed for | | | | many of the problems that trading firms face. We |
| managing risk is still the same in many cases. The | | | | use a unique approach to dealing with the problems |
| overwhelming majority of firms use in-house | | | | of complexity and fragmentation within a firms |
| software development to provide for their financial | | | | trading software solutions. In partnership with Hyper |
| trading needs. Usually this software grows organically | | | | Rig Limited we are able to remove many of the |
| over a number of years as firms implement | | | | obstacles in the way of having reliable, fully |
| improvements to existing trading software or add | | | | integrated, seamless software solutions. |
| new trade types and asset classes to existing | | | | Hyper Rig is a fully functional light- weight integration |
| commodities trading systems, for example. Over time | | | | fabric for risk management. It has been developed |
| this results in a patch work of different systems e.g. | | | | with pre-integrated tools that work in unison |
| energy trading software along side financial trading | | | | together making it possible to create seamless |
| and risk management systems with various export | | | | end-to-end solutions. It means you can continue to |
| files being passed between them through various | | | | get value from your investment in existing software |
| developed interfaces. | | | | packages but greatly improve performance and |
| Each time a new module of software is developed | | | | efficiency. Today’s risk management issues are |
| and implemented the issue gets worse. Overnight | | | | not to do with mathematical models they are to do |
| batches that fail regularly, late reports and incomplete | | | | with integrating systems and data into robust reliable |
| risk management information are some of the typical | | | | solutions. |
| outcomes. Traders get frustrated and blame the IT | | | | When you combine cklear’s excellence and |
| implementation team but the cause of the problems | | | | experience in implementing working solutions with |
| lie in the complexity and fragmentation of the | | | | Hyper Rig’s risk fabric you get significant |
| systems themselves. If you have 10 systems you will | | | | measurable improvements. Traders can get to |
| have a minimum of 100 different ways they each of | | | | market quickly with new trade types and products |
| them can communicate with the others. Each of | | | | instead of waiting weeks or months. Firms get |
| which has to be maintained and which can therefore | | | | greatly improved efficiency in back office operations |
| become the source of system down time. | | | | and that means lower costs and reduced operational |
| This is where cKlear can help. Our consultants and | | | | risk. |