Öhman chooses Algorithmica’s risk management solution for independent real-time control
Stockholm, SWEDEN, Wednesday, February 10, 2010 – Algorithmica Research AB, a leading provider of solutions for advanced risk management, quantitative analysis and enterprise-wide management of historical data, today announced that Öhman Fondkommission, an investment bank based in Stockholm, Sweden, has selected Algorithmica’s risk management solution with real-time connection to Orc’s algorithmic trading platform, and Algorithmica’s market data management solution to support the firm’s expansion into new areas of trading, and associated increased demand for market risk management in real-time.
“Risk management has always been important to us and with the deployment of Algorithmica’s Risk Management solution we feel confident to have found a solution that covers all our present needs, as well as giving us ample power for future expansion” said Pontus Barrné, Chief Financial Officer, Öhman. “We are also very pleased with their tight integration with Orc Software, which gives us second to none real-time risk management right out of the box.”
“We are pleased to supply Öhman with a solution that provides a very flexible, yet robust risk management solution that is well proven, covering all of Öhman’s risk management requirements as well as supporting enterprise-wide management of historical data,” said Johan Treskog, Sales Manager, Algorithmica Research. “Öhman’s choice also reflects the very successful partnership Algorithmica has with Orc Software where we complement Orc in the area of independent risk management.”
About Öhman Fondkommission
Öhman Fondkommission is a well-established financial services and trading firm based in Stockholm, Sweden. The firm is controlled by E. Öhman J:or AB, a family-owned investment bank with traditions on the Swedish financial markets dating back as far as 1906. Öhman offers a broad cross-section of high-quality financial services to Swedish and international institutional and private investors − including securities and bond trading, corporate finance, private banking and asset management.
For more information please visit www.ohman.se
About Algorithmica Research AB
Algorithmica Research is a leading provider of solutions for advanced risk management, quantitative analysis and enterprise-wide management of historical data. We help our clients manage their risks with our Risk Management solution that provides a no-compromise financial risk framework using the latest market- and counterparty risk methodologies for a wide range of instruments. The Risk Management solution is powered by Quantlab, Algorithmica's award winning software development platform for quantitative financial analysis. In addition, Algorithmica provides a solution for enterprise-wide management of historical data including time-series market data, static data, and calculated data.
Most of the top ranking banks, asset managers and corporate treasuries in the Nordic region count among Algorithmica's expanding list of clients.
For more information please visit www.algorithmica.se
For further information, please contact:
Johan Treskog, Sales Manager, Algorithmica Research, Tel. +46 8 440 44 15
Pontus Barrné, CFO, Öhman Fondkommission, Tel. +46 8 402 50 48
Algorithmica Research AB har utvecklat sofistikerad analysprogramvara för bank och finans sedan 1994, och är idag Nordens ledande aktörer inom området. Vår verksamhet bedrivs i moderna lokaler vid Sergels torg, Stockholm.
Bland våra produkter återfinns Quantlab - en prisbelönt utvecklingsplattform för finansiell analys, ARMS – för matematisk beräkning och hantering av finansiella risker samt History Server – för insamling, bearbetning och lagring av finansiell realtidsinformation.