Ubitrade Launches RiskUbix
January 05, 2005

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Ubitrade, a subsidiary of GL Trade, provides systems for trading, risk and operations management. Its products are used in listed futures and options, interest rate, foreign exchange and equity markets. Clients include banks, brokers, asset managers, insurance companies, large corporations, and public institutions.

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Ubitrade has released RiskUbix, a new margin risk management module that measures the intra-day risk, in real-time, giving an accurate picture of the exposure risk at any moment. With RiskUbix, each trader can measure risk exposure in real time. The module can also meet trading companies' requirements, by monitoring locals' intra-day risks. It also could be of interest to fund managers to measure their clients' risk.

RiskUbix is integrated into Ubix and uses the system's margin engines. The risk indicators are based on the results calculated in Ubix. The main benefit for the user is perfect system integration, allowing straight through processing and real-time risk management. The user receives an alert when preset thresholds are reached, either displayed on the user's screen, or via SMS or message sent by e-mail or fax. The user can define several alert thresholds.

Andrew Hobbs, Business Development Director at Ubitrade UK, comments: "We have developed the new service to meet with strong market demand: clients are looking for a more effective control of the risk exposure of their own clients. Moreover, due to an increase in traded volumes, an effective margin risk management tool is essential. Many risk management tools are available today but which do not take into account the risks linked to the back-office activity. Very few of them consider the specificities of derivatives, such as algorithms for RBM and SPAN.. RiskUbix is the best offer available on the market today."