Banks and money managers use new analytical tool to reduce portfolio management risks.NEW YORK--(BUSINESS WIRE)--Feb. 15, 1996--A new software analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. tool that enables portfolio managers to make instant comparisons of specific investments over time, may dramatically reduce financial risk for those who use it. RANGER Ranger Any of a series of unmanned probes launched from 1961 to 1965 by NASA. The project was NASA's earliest attempt to explore the Moon's surface. Ranger 4 (1962) became the first U.S. spacecraft to hit the Moon, crash-landing on its surface as planned. , marketed by Tudor Software, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ., permits bankers, cash managers and brokers -- or anyone making recommendations to portfolio managers -- to access data on stock, bond, commodity and foreign exchange prices now ... and against their historical performance background. After 5 years of internal use of Tudor Investment Corp., RANGER is now being used by other financial institutions, such as the Swiss Bank Corp. in Chicago, and money management firms throughout the country, including Graham Capital Management, Stamford, Conn., and Computer Trading Corp., 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 , to test trading ideas on an historical basis. Tudor Software President, David Hirschfeld, says that "RANGER is now being used widely for data manipulation Processing data. to determine the historical movement of market elements for testing and research, portfolio management analysis and risk management analysis." RANGER uses gain access, via a news icon, to volumes of financial news articles from key publications dating back to the turn of the century ... a capability which gives researchers the means to analyze factors that prompted market movements in the past that resemble current or anticipated market activity. Among RANGER's numerous user benefits is the customizing of research applications with a scripting language A high-level programming, or command, language that is interpreted (translated on the fly) rather than compiled ahead of time. A scripting, or script, language may be a general-purpose programming language or it may be limited to specific functions used to augment the running of an to traders accessing the front-end features. "It is," says Tudor President Hirschfeld, "A very powerful engine for building trading applications." CONTACT: Keating Communications Malcolm Petrook, 212/888-5819 |
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