TORA, a provider of trading technology and financial services, reports the release of its portfolio and risk management system, named Prism.
Prism offers TORA clients “portfolio and risk features in … fully integrated with its … order and execution management system (TORA Compass),” the company, which characterizes itself as a provider of “products that have been designed by buy-side traders for buy-side traders to specifically address the trading challenges unique to Asia,” says in a statement. Compass is the vendor’s flagship platform.
“The TORA portfolio and risk management products were developed for several of our TORA Compass customers who were looking for a complete solution,” says Robert Dykes, TORA CEO, in the statement, in which he spotlights the rollout of the company’s portfolio and risk products beyond multi-strategy and new funds to the broader” market.
“What makes us different to other solutions,” Dykes adds, “is that every TORA product is built in-house with one development team, under one roof; building products that are integrated from the start.”
TORA’s Prism “delivers real-time profit and loss coupled with a true real-time risk system offering VaR [a technique to measure value at risk], risk scenarios and exposure bucketing,” according to the statement. “The system is multi-asset covering all asset types including listed, OTC [over-the-counter] and fixed income instruments.” The portfolio system contains historical transaction information that allows users to view P&L, exposure and risk instantly over any time period.
TORA has offices in Tokyo, Hong Kong, Singapore, Sydney and San Francisco.
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