NEW YORK — PortfolioShop today announced the release of BrokerRisk, a real-time prime brokerage exposure monitoring system that allows users to forecast their potential client-wide losses due to extreme market moves.“BrokerRisk allows prime brokerages to put a dollar figure, in real-time, on what they may be on the hook for if any of their client accounts lose too much money” – Harvey Sontag, CEO
“BrokerRisk allows prime brokerages to put a dollar figure, in real-time, on what they may be on the hook for if any of their client accounts lose too much money,” said Harvey Sontag, CEO of PortfolioShop.
BrokerRisk also provides a series of dynamic reports that can examine the effect of simulated market moves on client portfolios down to the individual position, allowing users to be proactive with regards to risky client positions before they become a liability.”The system can pinpoint over-exposed accounts and then isolate and highlight which positions are problematic,” Sontag added.
PortfolioShop has employed the RiskAPI system, a distributed risk analysis service offered by Portfolio Science, a risk analytics vendor based in New York. The RiskAPI service offers detailed coverage of global markets as well as derivatives, making it possible for BrokerRisk to generate in-depth exposure analysis on several dimensions.
Given the heightened volatility in today’s markets, a comprehensive risk analysis system is being increasingly viewed as an essential component needed to operate a prime brokerage. “Many brokerages have a high number of client accounts and with an even larger number of exposed positions,” Sontag said. “This makes it nearly impossible for individuals to manually account for every risky position.” He says FixQ BrokerRisk provides a systemic approach to monitoring and avoiding unwanted losses due to client trading activity.
PortfolioShop is a leading Portfolio Management software provider, offering solutions for shadow accounting, performance measurement, client reporting and risk management. For more than 25 years, our platform has been relied upon by hundreds of world’s most sophisticated fund administrators and asset managers, as well as scores of prime brokers and trading technology vendors looking to augment their client offerings. With integration partnerships with dozens of major trading technology vendors, prime brokers, and custodians, PortfolioShop provides seamless, straight-through processing of your trading information, regardless of provider.