Connamara Systems, a provider of market data solutions, has released RiskScope, to allow hedge funds, proprietary traders, futures commission, merchants and brokers to view positions and assess risk across multiple asset classes and multiple venues.
Connamara claims that the solution will provide traders and risk managers a means to aggregate open positions in order to pinpoint areas of risk.
RiskScope normalizes venue and asset class specific trade reports into a common format to allow aggregation. The solution continually updates positions and P&L in real time, using live market data.
Connamara founder and CEO Jim Downs said the real-time capabilities of RiskScope are crucial to help firms accurately identify such rapidly developing risk.
“As financial institutions become potentially subject to more stringent reporting requirements, Connamara is pleased to bring this much-needed, dynamic solution to market,” Downs said.