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RBC Capital Markets Prime Broker And Risk Management Group To Deploy Axiomsl For Market And Credit Risk
New York, NY, Tuesday, February 1, 2005 - Axiom Software Laboratories, Inc., a leading provider of risk and data management solutions announced today that RBC Capital Markets has begun the implementation of RiskMonitor® for the firm’s Prime Broker and Securities Finance Risk Oversight. The data management infrastructure supporting the implementation and operation of RiskMonitor® is Axiom SL’s Dynamic Data Management Product Suite: IntegrationCenter™, Dynamic Data Warehouse ™ and FinETL™.
The Prime Broker will use RiskMonitor to help manage its relationships with hedge fund clients, providing them with value added risk analytics and reporting services. The Risk Management group will use RiskMonitor to measure and manage the current and potential future credit exposure to the firm’s clients engaged in borrowing and lending a wide range of securities. The sophisticated collateral netting and limit administration capabilities of RiskMonitor will be used for both gross and net calculations allowing the firm to improve its credit risk management processes and comply with Basel II rules. The deployment synergy will allow both business units to perform their different tasks in a single environment, by using common sources of reference and market data, while preserving their own unique and secure transaction sources.
Axiom SL’s IntegrationCenter, FinETL and Dynamic Data Warehouse serve as a complete data management platform proven to work seamlessly with AxiomSL and other applications. Functions range from the integration and warehousing of numerous transaction, reference and market data sources to work flow design, task automation, data quality management, results storage and interface to other RBC systems. IntegrationCenter also has built-in report writers for both simple and complex custom designed reports. “We’re delighted to add RBC Capital Markets as a valued client”, says Axiom SL’s CEO Alex Tsigutkin. “Their decision signals a market trend to extend risk management from enterprise control functions to more actionable and transparent risk management measures that satisfy all business units’ requirements.”
About Axiom Software Laboratories, Inc.
Since 1989, AxiomSL has been delivering scaleable technology solutions and tools for enterprise to line of business requirements in risk management, data integration and workflow automation. Our proven advances continue to provide value and efficiency, for diverse clientele with rigorous challenges in adapting to different data environments, by enabling mission-critical activities to be performed across an entire enterprise. AxiomSL's people are skilled professionals; experts in a range of key disciplines, including financial and energy markets trading and market credit and operational risk management, data management and financial engineering. The company serves global financial institutions, large corporations, fund managers and energy companies.
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