MAIDENHEAD, England and GENEVA, Switzerland, December 7 /PRNewswire/ -- Sybase, Inc. , an industry leader in delivering enterprise and mobile software, and Siag Risk Management (Siag), a specialist technology leader in investment portfolio risk management solution's and functional and technical risk management consultancy, today announced a technology partnership to provide financial institutions with real time, on demand and intra-day visibility of investment portfolio risk. Under this new partnership, enterprises and institutions will have access to advanced performance, risk management technology solutions.
As we developed our range of advanced risk management solutions, we recognised the market need for calculating risk in major investment portfolios on an intra-day and on demand basis, using up-to-date, validated and certified data, said David Bristow, International Development Director, Siag. We chose to partner with Sybase to complement our technology with the most advanced data management systems to provide access to accurate data precisely when it is needed, allowing asset managers to make timely and well informed decisions; reducing risk and maximising investment performance.
Bristow continued, A key barrier to enabling leading financial institutions to increase their competitive edge presents a technological challenge. By partnering, Siag and Sybase are able to redefine these limitations and revolutionise risk analytic and data management systems.
The partnership will combine Siag's Global Risk Solutions, developed from Siag's advanced scalable grid enabled calculation engines, with Sybase RAP - The Trading Edition(TM) and Sybase(R) CEP, a complex event processing (CEP) technology for performing analytics on high speed streaming data. The partnership will initially focus on 'Bypass Circuit,' a combination of Sybase's ultra-fast data management technology with Siag's advanced high volume data processing calculation engines. This solution will extract data from established core legacy systems and deliver intraday and on demand risk analysis for the entire asset portfolio including Historic, Parametric and Monte Carlo Value at Risk (VaR) and Value at Earnings (VaE) with PL Vectors, complete with back testing and stress testing to full portfolio revaluation. It will eliminate overnight batch computation processes that produce a VaR report only once daily and based on T-1 end of day market prices.
Stuart Grant, Business Development Manager, Sybase said, Core legacy systems often restrict risk management analytics. Both Siag and Sybase products offer a cost-effective solution, implemented quickly and along-side the existing IT solution. Where timeliness, accuracy and control is key, putting a dedicated risk management process that makes use of the existing infrastructure sits better with organisations.
Grant continued, Siag has the performance within its engines to use data effectively to provide accurate risk and position measurements for intraday use. Enterprises will have intra-day risk management reporting with the speed and performance required to meet business objectives and regulatory requirements while maintaining a competitive edge.
This technology partnership also extends to Sybase(R) IQ and Siag's new GRS-Price Manager, an advanced market price data management solution for the unified capture, normalisation, validation, certification and distribution of market prices with fully compliant audit trail and unobservable variable calculation functionality. Using Sybase(R) IQ, Siag's RD team have proven that data transfer times are significantly faster compared with standard relational databases; helping to reduce the bottleneck of mass volume data transfer, loading and downloading times. GRS-Price Manager is available from 2010 and Sybase(R) IQ is the recommended and approved database management system.
Siag and Sybase will continue to work together to identify other technology fusions to offer Tier 1 + 2 investment managers advanced real time, on demand and intraday risk management solutions minimising risk and maximising portfolio performance.
Sybase and Siag are showcasing their combined advanced performance risk management solutions at RiskMinds and will present a workshop on intraday risk management (http://www.icbi-events.com/riskminds/) in Geneva, CH, December 7 - 11 2009 (Stand 11).
Celebrating 25 years of innovation, Sybase is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices. Our information management, analytics and enterprise mobility solutions have powered the world's most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information, visit http://www.sybase.com. Read Sybase blogs: http://blogs.sybase.com.
About Siag Risk Management
Siag Risk Management is a recognised technology leader dedicated to developing innovative and specialised solutions for Financial Risk Management associated with investment portfolios for major banking clients and investment funds. Siag's experienced team of banking technology specialists apply their know how to develop the most effective high performance technology innovations for critical business environments. At the core of all Siag's risk management technology are our proven advanced fully scalable grid enabled calculation engines which ensure that our risk solutions provide our clients with class leading performance in mass data processing and analytical modelling.
Sybase is a trademark or registered trademark of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated.
Special Note: Statements concerning Sybase's or Siag's future growth, prospects and new product releases are, by nature, forward-looking statements that involve a number of uncertainties and risks, and cannot be guaranteed. The words anticipate, believe, estimate, expect, intend, will and similar expressions relating to Sybase or Siag and their management may identify forward-looking statements. Such statements are intended to reflect Sybase's or Siag's current views with respect to future events and may ultimately prove to be incorrect or false. Factors that could cause actual events or results to differ materially include shifts in customer demand, rapid technology changes, competitive factors and unanticipated delays in scheduled product availability. These and other risks are detailed from time to time in Sybase's Securities and Exchange Commission filings, including, but not limited to, its annual report on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be viewed on Sybase's Web site).
For more information: Danielle Cook/Lauren Wood +44(0)-1628-628-080 Sybase@noiseworks.com
SOURCE: Sybase, Inc.
CONTACT: For more information: Danielle Cook/Lauren Wood,+44(0)-1628-628-080, Sybase@noiseworks.com