BARRA Releases Real-Time Risk Analysis Tool.BERKELEY, Calif.--(BUSINESS WIRE)--Feb. 6, 1996--BARRA Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BARZ) today announced the release of a real-time equity portfolio risk analysis tool, Riskcaster(TM) Real-Time 3.0. Riskcaster Real-Time 3.0 works with BARRA's US Short Term Risk Model, providing an interface to a real-time feed, allowing prices and portfolio risk characterization to be updated on demand or at a set frequency. The real-time optimization capability improves tracking performance particularly in periods of high volatility. "In a time when risk management is becoming an increasingly critical function, Riskcaster Real-Time 3.0 comes to the rescue. The real-time capability enables dealers, market-makers, and traders to manage inventory risk intra-day, which is particularly critical during periods of high volatility," said Harish Lakhani, senior product manager of BARRA's equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as services unit. Market-makers and dealers will be able to closely monitor rapidly changing positions and control with greater accuracy their inventory risk, while proprietary traders In a financial institution, a proprietary trader ( also known as a securities trader ) is a trader who trades securities on the account of the institution he/she works for, not for client-based business. will benefit from the ability to implement their trading strategies In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same more effectively. Index arbitragers and structured derivatives providers will be able to reduce risk by 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 baskets to reflect intra-day volatility. Riskcaster Real-Time 3.0 is configured to work with Market Vision's MVLink, to provide open access to real-time information. Market Vision, an established leader in real-time information management and distribution software for the financial community, provides software for over 30 data services. Customization for other vendors' or proprietary toolkits is also possible. In addition Riskcaster Real-Time 3.0 can be adapted to interface to trade entry systems, enabling Riskcaster to capture entered trades and immediately update a portfolio's risk characteristics. A sample trade entry system is included with the system to demonstrate this capability. BARRA BARRA Bangladesh Rural Reconstruction Association , founded in 1975, provides innovative analytical models, software and services that enable its more than 900 clients worldwide to make superior investment and trading decisions. BARRA's software and services analyze equity, fixed income, currency and other financial markets, and their models are the worldwide standard for communicating portfolio characteristics. Based in Berkeley, Calif., BARRA also has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Montreal, London, Frankfurt, Paris, Yokohama, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Sydney. Information on BARRA is also available on-line at http://www.barra.com. CONTACT: BARRA Inc., Berkeley Harish Lakhani, 510/548-5442 Jennifer Hinchman, 510/649-4548 |
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