ClariFI Announces General Availability of the First Backtesting System with Integrated Portfolio Optimization.Business Editors/High-Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--April 20, 2004 ModelStation(TM) launches integrated optimization and backtesting functionality greatly reducing development expense ClariFI, a leading provider of quantitative research Quantitative research Use of advanced econometric and mathematical valuation models to identify the firms with the best possible prospectives. Antithesis of qualitative research. and risk management solutions, announced today the release and general availability of its "inline" quadratic quadratic, mathematical expression of the second degree in one or more unknowns (see polynomial). The general quadratic in one unknown has the form ax2+bx+c, where a, b, and c are constants and x is the variable. optimization module. According to company officials, ModelStation(TM) v1.8 now includes the ability to produce risk-controlled strategy tests using ModelStation's(TM) integrated quadratic optimizer and its Trade Simulator(TM) backtesting module. The company also announced the ability to call its portfolio optimizer via web protocols, enabling users to leverage their existing infrastructure investments while enhancing their risk controls. "By coupling portfolio optimization with our flexible strategy testing features, our customers can now produce fully risk controlled portfolios at every 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 period during the historical simulation - without extensive programming," said Gioel Molinari, ClariFI's Founder, President and Chief Technology Officer. "For example, if you want to neutralize your strategy's exposure to a particular sector or proprietary factor during the back test, ModelStation, in few brief clicks, can now show you the historical performance of a portfolio optimized to that effect. We have managed to transform a programmatically complex, expensive and time-consuming exercise into a simple, yet very powerful, process." About ClariFI ClariFI, of Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , is a privately held solutions provider to the active funds management industry and counts leading financial institutions among its clients including CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank , Deutsche Bank, SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. Capital and Wachovia Securities. The company specializes in securities modeling software and risk management services and has developed the industry leading ModelStation(TM) product line. Additional information about ClariFI can be found at http://www.clarifi.com. |
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