RBC Capital Markets Prime Broker And Risk Management Group To Deploy AxiomSL For Market And Credit Risk

Date: February 1, 2005
Location: New York

AxiomSL, 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 AxiomSL’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.

AxiomSL’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 AxiomSL’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.”