GlobeOp enhances hedge fund offering through alliance

Aimed
Martineau is quick to point out that GlobeOp already has an ASP-delivered risk management platform – marketed simply as ‘GlobeOp Risk Service’ – which the firm has been running for four years. The Application Networks hook-up therefore represents an enhancement of an already established offering as opposed to a new one. “What we’re doing with Application Networks is integrating their system to our current risk infrastructure to provide users with a real-time risk system,” he says. “We already offer a fairly complete set of risk measures covering multiple asset classes and sensitivities including greek analysis, user-defined scenarios and stress tests, and Value-at-Risk. The first plus of the platform is that all of that will be done in real-time.”

Martineau adds that because GoRisk will run in real-time it will allow his firm to provide users with ‘what if’ analysis. “We’ll also include limit monitoring, which is something we currently do not have and JRisk has notably,” Martineau says.

Application Networks’ JRisk platform also provides pre-trade analytics functionality, which Martineau says, when combined with GlobeOp’s models, will allow users to view any number of hypothetical trades prior to execution.

GlobeOp currently has approximately 150 clients that it services, some of whom [the firm doesn’t disclose figures] use its risk service.

Victor Anderson