Sterling Trading Deploys Real-Time Risk Solution
Sterling’s model offers quick and easy risk analytics set-up with no hardware or software required.
Sterling Trading Tech (STT) announced the first deployment of its new real-time risk solution, the Sterling Risk Engine, to Prophecy Asset Management.
STT launched its new risk solution earlier this summer which calculates intraday, real-time risk based haircuts based on the OCC methodology for portfolio margin. The Sterling Risk Engine also calculates risk due to market shocks and volatility shifts at user-defined levels. Deployed as a cloud-based service, it supports multiple trading platforms with low-cost integration. Due to unprecedented low market volatility, monitoring risk has become even more important due to greater chance of a sudden shock to the markets.
Prophecy Asset Management specializes in multi-manager trading platforms and offers investors a variety of unique, multi-manager investment programs designed to mitigate downside volatility, while seeking to consistently deliver stable returns. John Caruso, Managing Director, states “Prophecy has years of extensive experience with Sterling’s trading platforms and technology. Our recent project of implementing the new risk systems has been very positive. The setup and integration was flawless.”
Sterling’s flexible service-based model offers quick and easy risk analytics set-up with no hardware or software required, eliminating the need for firms to build their own valuation engine. This gives brokers, clearing firms, hedge funds and proprietary trading groups the ability to monitor their risk and portfolio margin intraday.
“The Sterling Risk Engine was born out of our team’s understanding that in order for our options clients to stay competitive and profitable, they need more sophisticated risk tools to better monitor their risk and exposure. We are continuously looking for new ways to provide solutions to our clients through better technology,” states Jim Nevotti, President of STT.
Focus is on firms that develop and commercialize digital innovations in finance.
Innovation in data analytics is as important as advances in trading technologies.
Common standards, akin to the FIX protocol, are indicated as a next stop for the industry.
The Commission wants Europe to become a global hub for fintech.
Machine learning is permanently reshaping capital markets.