Real-Time Risk and Exposure Management
A prime broker may act as a settlement agent, provide custody for assets or provide financing for leverage, among many other services. It needs to prepare accurate daily account statements for its clients, who may be professional investors, money managers, hedge funds or market makers.
The goal for prime brokers is to give their clients the highest possible levels of service and access to exchanges while managing risk exposures and providing an accurate audit trail to meet today's ever increasing regulatory requirements.
The key to a prime broker's success is being able to report accurate data about trades and positions on a real-time basis, and to have an overview of client risks and exposures to hand at all times. As well as satisfying client requirements for regular reports, this overview gives the prime broker an ongoing view of the margins involved in various trades and transactions.
To do this they need technology that allows them to manage the full complexity of multiple parties and transactions, as well as control risk and margins.
Our expertise
Misys Sophis has developed software for the financial markets for the past 20 years, and now allows prime brokers to apply its technology to their business models. Misys Sophis RISQUE's cross asset platform provides real time and consolidated position keeping and risk management: exposure, stress tests, risk aggregation, collateral management, VaR, limits monitoring and accounting. As well as providing off-the-shelf functionality, RISQUE is built on a flexible architecture that allows prime brokers to build their own bespoke reconciliation formats quickly and easily.
Our APIs and web services approach enables seamless customisation, extension and integration with external systems, extensive client reporting and external internet access to functions and reports. This enables prime brokers to extend Misys Sophis capabilities towards their customers.
Misys Sophis provides prime brokers with a clear view of their risk and exposure, the tools to quickly manage their exposure and the full audit trail and controls they need to meet regulatory requirements.
Misys Sophis can claim record implementation times in the financial software sector, with large projects taking three to six months on average.
Find out about our solutions and technology
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