Connamara releases risk application, RiskScope

Jim Downs, Founder, CEO, Connamara Systems: "As financial institutions become potentially subject to more stringent reporting requirements, Connamara is pleased to bring this much-needed, dynamic solution to market."

Connamara Systems, LLC (Connamara), providers of end-to-end trading systems, market data solutions and development services, have announced the release of RiskScope.

Connamara's RiskScope allows Hedge Funds, Proprietary Traders, Futures Commission Merchants and Brokers to view positions and assess risk across multiple asset classes and multiple venues. The solution - meant for traders and risk managers - provides a means to aggregate open positions in order to pinpoint areas of risk. RiskScope, which connects to multiple venues to directly receive venue specific trade reports, normalizes venue and asset class specific trade reports into a common format to allow aggregation. Using live market data, the solution continually updates positions and P&L in real time.

"We have found a staggering gap in the ability of multi-asset trading market participants to effectively comprehend the risk levels in their books across asset classes and trading venues," said Jim Downs, Founder and CEO. "As we have seen in today's volatile markets, risks can develop extremely quickly, especially with the current speed of trading. 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 continued, "Connamara's RiskScope is built to be extensible, scalable and robust. It uses components from the production-hardened Connamara Trading Stack, which have been developed over the past 5 years and are in place at some of the most sophisticated trading firms."