BNY Mellon's HedgeMark Integrates Axioma Risk to Fortify Reporting Needs

Axioma, a provider of risk and portfolio management solutions for the financial services industry, has had its risk module integrated by HedgeMark International, LLC, a BNY Mellon company that caters to hedge fund dedicated clients, according to an Axioma statement,

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Axioma Risk is the company’s multi-asset class 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 platform that grants clients a number of different functions, including the support of risk reporting across several investment strategies. The module is gaining traction in the industry given the need to more appropriately grapple risk across portfolios amidst a shifting regulatory environment.

The integration of Axioma Risk by HedgeMark is important for the group as it allows it to more efficiently process reports in a more time conducive manner, which helps it compute more 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 across a wider spectrum of assets.

In particular, HedgeMark utilizes Axioma Risk on over 35,000 securities every day with an additional 250,000 securities for month-end reporting. Presently, the platform has been calibrated to calculate over 1,000 distinct statistics, which includes hundreds of scenarios and stress tests across five different global market simulation sets.

According to Sebastian Ceria, Chief Executive Officer (CEO) of Axioma, in a recent statement on the assimilation: “Existing risk management solutions rely on legacy systems and technology that cannot meet the demands of modern multi-asset class investing. Axioma Risk is a purpose-built multi-asset class risk platform that leverages the latest technology to deliver unparalleled performance and flexibility, which is precisely why forward-thinking industry leaders like HedgeMark are implementing it.”

“As our clients increasingly look for customization options for their hedge fund investments, it’s critical that we employ flexible technology that can accommodate the layer of complexity this adds to managing risk. Axioma’s modular cloud-based platform was clearly the best solution for us to deliver detailed risk analysis on global multi-asset class portfolios for our clients,” said Andrew Lapkin, CEO of HedgeMark, in an accompanying statement.

Axioma made headlines earlier this month after it appointed Amaury Dauge as its newest Chief Financial Officer (CFO). Mr. Dauge has since been based out of the group’s New York office, following a relocation from Paris, where he was working most recently. He came over to Axioma from Euronext, having worked in a similar role since January 2014.