San Francisco – November 5th 2014 – TORA, the leading provider of advanced trading technology and financial services, announced today the release of its Portfolio and Risk Management system. With this release, TORA now offers clients advanced portfolio and risk features in a flexible user interface, fully integrated with its award winning Order and Execution Management System.
“The TORA Portfolio and Risk Management products were developed for several of our TORA OEMS customers who were looking for a complete solution”, said Robert Dykes, CEO of TORA. “We’ve successfully deployed our Portfolio and Risk products to several large global multi-strategy funds, as well as new fund launches, and we’re excited to introduce the product to the broader market today.”
TORA’s Portfolio and Risk Management system delivers real time profit and loss (PnL) coupled with a true real time risk system offering VaR, risk scenarios and exposure bucketing. The system is multi asset covering all asset types including listed, OTC and fixed income instruments. The portfolio system contains all historical transaction information allowing users to look at PnL, exposure and risk instantly over any time period.
“Hedge funds have, in the last few years, been demanding a true front-to-back solution offering the best of breed functionality coupled with a minimal IT footprint and an easy implementation”, said Dykes. “What makes us different to other solutions is that every TORA product is built in-house with one development team, under one roof, building products that are integrated from the start.”
To relieve the operational and technology burden from clients, all of TORA’s products are fully hosted, and are a true turn-key solution.
“From a functional perspective, we focused our efforts on implementing the features that matter most to hedge funds while using cutting edge technologies” said Oren Blonstein, Managing Director, Product Development, “This allowed us to develop an incredibly flexible yet real-time profit and loss system, fully integrated end-to-end e-locate and borrow management, a comprehensive risk system, automated reconciliation on trades, positions and cash movements as well as rebalancing and compliance.”
TORA is the leading provider of advanced trading technology and financial services. TORA’s unrivalled solutions span the entire trading process, offering a full suite of execution and pre/post trade compliance tools as well as order, portfolio and risk management capabilities in global markets. TORA’s high-performance systems are designed from the ground up by industry experts, and are currently used by managers at hedge funds, mutual funds and sell-side proprietary trading desks. TORA also delivers unmatched expertise and extensive analytics focused on best execution. TORA’s extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable and broker neutral. TORA has over 225 employees with offices in Tokyo, Hong Kong, Singapore, Sydney, and San Francisco.
Ryan Financial Communications
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