Reuters launches on-demand risk tool for hedge funds

Reuters said the product, JRisk On Demand, had been specifically tailored to suit the needs of hedge funds, which were engaging in an increased number of trades in more diverse asset classes. It is a web-based product that can be accessed anywhere with an Internet connection, and draws upon Reuters data to make its calculations. After trades have been entered into it, the firm claims the product can measure parameters such as portfolio risk, valuation and profit-and-loss within seconds.

JRisk On Demand works with equities, fixed-income, foreign exchange and certain derivatives and structured products. “Our aim is to cover the maximum breadth of asset classes as soon as possible,” commented Philippe Carrel, Reuters’ New York-based global head of business development. He said that, among others, its range would be extended to include variance swaps before the end of the year, and commodities at some stage in the future.