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Risk Management

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Cetova Introduces New Trading And Risk Management Reporting Package

The off-the-shelf solution is designed for market makers, asset managers, hedge funds and institutional firms.

Cetova Corp, a provider of performance management software solutions, announced an off-the-shelf solution for capital adequacy, risk management and Basel II compliance reporting, for market makers, asset managers, hedge funds and institutional firms.

"Cetova's Trading and Risk Management Reporting Package leverages user-centric, web-based report distribution, drag-and-drop report creation and data filtering, so critical reports can be created in hours or days, not weeks or months like the other competitive solutions," says Craig Foote, Cetova's COO. Designed to interface with popular Order Management Systems (OMS) including BRASS, Charles River, and AddVantage, Cetova's solution also connects with custom OMSs.

Included in the package are a number of requisite trading and risk management reports, including risk profiles, capital and value-at-risk, capital adequacy, and exposure by asset class, geography and/or industry, Cetova said in a release.

Additionally, says Foote, "Non-IT personnel can generate ad-hoc reports with the simple drag-and-drop designer. With Cetova, a trader's assistant can create and publish reports with only a few clicks."

Both OLAP cube-type reports and tabular query reports can be produced using Cetova, without the need for a separate, complex data warehouse.

This cost-effective capability provides a wide array of real-time reporting options against trading, order and execution data, Foote said. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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