Egar begins marketing limit server in US

New York-based software developer Egar Technology says it has begun marketing its limit server system in the US. Egar says Egar Limits Server is a real-time, enterprise-wide limit and risk system. Russia’s Alfa Bank currently uses it and Ravi Jain, Egar’s chief executive officer, says that two more Moscow banks have purchased the system. But Jain says that cracking the US market will be tougher because Egar doesn’t have a reputation as a middleware vendor there.

Egar says the system allows users to create limits by counterparty, issuer, trader, desk, branch, product or asset group. It can be integrated in real time with different trading systems so it can consolidate transaction and counterparty information from many different systems and calculate firm-wide exposures.

Jain says the key facets of Limits Server are its system agnostic approach and its real time functionality. Jain says these enable risk management departments presently doing

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