LumRisk Taps Markit EDM Managed Service to Bolster Risk Analysis, Modeling

Markit says LumRisk's implementation reflects increasing popularity of its cloud-based platform

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LumRisk will use Markit's EDM managed service with its Hedge Fund and Alternative Risk Premia (ARP) platform to help scale up its data analysis and risk monitoring services, in response to increased demand from institutional ARP investors.

Spiros Giannaros, managing director of Markit EDM, says LumRisk is using the service to provide a data hub and integration layer for client onboarding, for loading static and reference data into its ARP platform, and for managing security master data.

"As a

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