Axioma and FAME Information Services Announce Alliance for Portfolio Construction and Rebalancing.Business Editors/High-Tech Writers/Financial Writers NEW YORK--(BUSINESS WIRE)--March 3, 2003 FAME Information Services See Information Systems. , Inc., the leading provider of data management and decision-support solutions for the investment marketplace, today announced a partnership with Axioma Inc., providers of state-of-the-art portfolio construction and optimization software Free and Open Source software
This partnership provides clients with seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. between FAME's financial database products and Axioma's PortfolioPrecision software. At the heart of the alliance is a modular data loader A program routine that copies a program into memory for execution. , which connects directly to FAME databases without any need for expensive and lengthy custom integration. The pre-configured data conduits eliminate the single largest challenge in implementing portfolio management software. Asset management clients and IT managers will now benefit from a marked reduction in implementation cycle-time and cost, accelerating time-to-productivity. Sebastian Ceria, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Axioma said, "FAME customers have long relied on FAME's quality data for analysis and insight during the investment management process. Now, portfolio managers will derive even more value from the FAME services by integrating Axioma's decision support tool for portfolio management. The utilization of PortfolioPrecision with FAME creates an optimal software solution that supports virtually any portfolio construction or rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting problem faced by institutional investment managers, research groups or managers of high net worth accounts." "FAME continues to partner with vendors whose excellent products enable us to deliver additional value to our customers, giving them significant competitive advantages and a single point of purchase," said Niel Siekerka, vice president, strategic alliances, FAME Information Services. About Axioma Axioma, Inc., headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , is a venture funded, private company that designs, develops, and markets optimization modeling and decision-support software for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Axioma's software applications integrate the most advanced analytical procedures Analytical Procedures is one of financial audit skill which help an auditor understand the client's business and changes in the business, to identify potential risk areas and to plan other audit procedures. and optimization technology to help professional investment managers improve their returns. For more information about Axioma and decision-support solutions for the financial services industry, please call 800/558-7983 or visit the company's Web site at www.axiomainc.com. About FAME FAME Information Services Inc., (www.fame.com) is a leading provider of data management technology software and consulting solutions to the world's financial, public sector and energy markets. FAME's clients include top tier institutions in the area of investment banking, asset management, public sector banks and energy trading firms in over 40 countries. Note to Editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners. |
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