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Risk Management

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* Palisade releases version 4.5 of @Risk desktop. * Ascent Financial Technologies and Banco BBA customize and implement analytics from Financial Engineering Associates. * SunGard acquires Kronos Software.

Palisade has released version 4.5 of its @Risk desktop tool for risk analysis. The latest version includes customer-requested enhancements to give more insight into risk with simpler reporting and easier, more flexible ways to describe uncertain factors. Version 4.5 also includes three new analyses including Goal Seek, Stress Analysis and Advanced Sensitivity. @Risk is an Excel add-in based on Monte Carlo simulation methodologies and is available in three versions for various users.

Ascent Financial Technologies and Banco BBA have customized and implemented analytics from Financial Engineering Associates for Value-at-Risk in Brazilian markets. The software, customized with help from Ascent from the FEA VaR system, includes MakeVC, VaRworks and Varlib and aims to provide market risk factors specific to Brazil.

SunGard Trading and Risk Systems has acquired Kronos Software to enhance its Infinity solution with trading and market risk functionality. SunGard plans to leverage Kronos' Web-based trading environment to include external sources and counter parties for Infinity's derivatives trading functionality and will enable users to connect to counter parties online for price discovery and deal execution. With the Kronos acquisition, SunGard will also add real-time market risk management to Infinity. Separately, SunGard Trading Systems, Global Markets, has integrated its Global Trader front-office system for fixed income and foreign exchange trading with SunGard's TrueCalc product for pricing and analyzing convertible bonds. The integration of TrueCalc will provide Global Trader users with analytics for pricing, sensitivities, scenario analysis, implied volatilities and spreads, yields and probabilities for all types of convertible bonds for an integrated view of risk and profitability across an entire portfolio.

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