Challenge

Risk reports can take hours to run if not efficiently designed. Often the same risk statistics are computed for the same securities several times because they appear in different strategies and portfolios. In addition, the same risk statistics may be repeated for the entire portfolio across multiple reports as new ones are added and the old ones continue to run because part of the report is still required. What started out as two or three reports may grow to dozens in a few years and this can cause run times to become prohibitively slow. Re-implementing the reports using Web Services and unitized holdings may result in a much more efficient process, but it often requires a long, expensive implementation period.

Solution

Red Swan makes it easy to migrate to Web Services and unitized holdings. These functions are just one of the many automated features of our Map Editor and Translator software that make life easier for risk analysts and managers, while avoiding long implementation cycles. This enables users to quickly take advantage of the many benefits of Web Services and unitized holdings. In addition, our proprietary integrated database is the most efficient risk schema for processing risk statistics and allows users to eliminate redundancies that create drags on processing times. This is further enhanced by our specialized risk cube designed to meet the needs of the most demanding risk users.

Result

Risk managers can take advantage of Web Services and unitized holdings without going through another painful implementation. This ensures the most optimal and efficient processing speeds so that risk reports are delivered in a timely fashion.