Reference data application specialists Cicada have introduced new applications to help fund managers deal with investment risk. It is based on the “Mark-to-Future” technology developed by Toronto-based Algorithmics.
The new product includes all current and future Algorithmics functionality enhancements, combined with the data management and connectivity tools of Cicada’s own so-called Composerplus+ technology. The products also make use of Idiom’s rules-based technologies.
The applications aim to offer fund managers reporting tools and scenario analysis to measure, manage and control risk across the business. They can be bought ASP, hosted, and remotely-managed on-site implementations.
Cicada says pricing is designed to be consistent with asset management industry standard pricing structures, based on such factors as assets-under-management, with no large upfront fees.
Richard Bennett, who heads CicadaRisk’s business development and strategy efforts, says “our approach means that asset managers and owners will have even greater access to sophisticated risk functionality, underpinned by Algorithmics’ proven analytical frameworks, with the benefit of flexible and cost-effective configurations.”