Axioma Acquires Risk-Reporting Unit of ConceptONE
- Axioma acquired the risk-reporting unit of ConceptOne, which will be renamed Axioma Reporting Solutions.
Axioma, a provider of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for buy-side institutions, has completed its acquisition of the risk-reporting unit of ConceptONE, following its past purchase of the group’s regulatory-reporting unit back in March, according to an Axioma statement.
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ConceptONE is a global provider of back-office investment services – the group has been of repeated interest for Axioma this year, which has helped reinforce its own regulatory and risk reporting solutions. Terms of the latest acquisition with ConceptONE were not disclosed.
Axioma Reporting Solutions Unveiled
The latest assimilation of ConceptONE’s risk-reporting unit will also help enable Axioma to provide a more augmented suite of services to more clients, which will range from smaller hedge funds to large asset managers. Following the transaction, ConceptONE units acquired by Axioma will henceforth be known as Axioma Reporting Solutions.
Despite the acquisition of ConceptONE’s risk-reporting and regulatory-reporting, the group’s fund services were not included in the transaction and will continue to operate as an independent entity.
According to Sebastian Ceria, Chief Executive Officer of Axioma: “The integration of ConceptONE’s regulatory- and risk-reporting businesses with Axioma Risk—our enterprise-wide risk solution—enables us to provide clients with an unparalleled and consistent view of risk and regulatory reporting that spans the entire organization, from front to middle to back office.”
“Equally important, by utilizing Axioma Risk as the underlying computational engine, we are leveraging the flexibility and power of the cloud to drive the heavy duty Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and modelling capabilities that enable our clients to address the complex issues and challenges they face,” he added.
“I am pleased to have transferred our risk solutions business to the world-class Axioma analytics platform, which is exceedingly well positioned to serve both the needs of our clients and those of the investment community at large,” explained Ken Grant, Chairman and co-founder of ConceptONE, in an accompanying statement.
Axioma, a provider of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for buy-side institutions, has completed its acquisition of the risk-reporting unit of ConceptONE, following its past purchase of the group’s regulatory-reporting unit back in March, according to an Axioma statement.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
ConceptONE is a global provider of back-office investment services – the group has been of repeated interest for Axioma this year, which has helped reinforce its own regulatory and risk reporting solutions. Terms of the latest acquisition with ConceptONE were not disclosed.
Axioma Reporting Solutions Unveiled
The latest assimilation of ConceptONE’s risk-reporting unit will also help enable Axioma to provide a more augmented suite of services to more clients, which will range from smaller hedge funds to large asset managers. Following the transaction, ConceptONE units acquired by Axioma will henceforth be known as Axioma Reporting Solutions.
Despite the acquisition of ConceptONE’s risk-reporting and regulatory-reporting, the group’s fund services were not included in the transaction and will continue to operate as an independent entity.
According to Sebastian Ceria, Chief Executive Officer of Axioma: “The integration of ConceptONE’s regulatory- and risk-reporting businesses with Axioma Risk—our enterprise-wide risk solution—enables us to provide clients with an unparalleled and consistent view of risk and regulatory reporting that spans the entire organization, from front to middle to back office.”
“Equally important, by utilizing Axioma Risk as the underlying computational engine, we are leveraging the flexibility and power of the cloud to drive the heavy duty Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and modelling capabilities that enable our clients to address the complex issues and challenges they face,” he added.
“I am pleased to have transferred our risk solutions business to the world-class Axioma analytics platform, which is exceedingly well positioned to serve both the needs of our clients and those of the investment community at large,” explained Ken Grant, Chairman and co-founder of ConceptONE, in an accompanying statement.