December 15, 2008
Moment Analytics Offers Source Code and 'Outsourcing to Vermont'
MONTPELIER, Vt.--(BUSINESS WIRE) -- Moment Analytics, an established provider of high performance trading and risk management systems, announced that they will grant complete access to source code for a low annual fee and pay clients back for their enhancements. Moment will also offer low cost software development services through outsourcing to their staff in Vermont. Clients will be free to use Moment's software 'out of the box' or customize it to suit their exact needs. Moment's goal is to provide firms of any size and budget access to premium software and the opportunity to earn returns on their technology investments.
Key benefits to clients:
* Full access to proven source code and technical documentation
* Ability to use software 'out of the box' or customize to exact needs
* Annual membership fee of less than a typical developer's salary
* Access to low cost developers based in Vermont, onsite or offsite
* Opportunity to earn a return on technology by contributing code
David Kelly, CEO of Moment Analytics, Inc. says, "These challenging times call for new ideas. Our experience is that each firm, business unit and end user is unique and the one-size-fits-all proposition doesn't work, especially with tighter budgets. Firms want affordable systems and the ability to rapidly deliver custom applications without reinventing wheels. You need source code to do that and we add the opportunity for firms to generate a return on their software development."
Moment Analytics will make source code available to its Roxy risk management platform and Trade Manager electronic execution component. Roxy is a high-performance, scalable pricing and risk management system that can also be used as a standalone calculation server. The server provides robust interfaces that allow custom applications to be written in a variety of programming languages. Roxy's extensible product scope currently includes fixed income, FX, credit, equities, and commodities.
There is also a separate module for pricing CDOs and other securitizations. Roxy calculates P&L and breaks it down by each contributing factor. The generic risk management framework allows for custom specification of first- and second-order sensitivities, as well as cross-gammas. The platform can also run sensitivity or scenario stress tests. Historical VaR is scheduled to be released in January.
Trade Manager is a real-time post-trade notification system that can consolidates other execution platforms into a single point of entry to downstream systems. Trades are automatically recorded in a fault tolerant database with a full audit trail and converted to the downstream system's format. Trade Manager handles a growing set of products, execution platforms and protocols. Products include FX, fixed income, equities and commodities. Trade Manager has been thoroughly tested with the major broker/dealer platforms and can handle voice and electronic trades, with support for baskets, multi-day, and several roll-up algorithms for fills.
About Moment Analytics
Moment Analytics' mission is to create a more efficient, cost effective way for buy-side and sell-side firms to deploy trading and risk management systems. Our experience spans trading, quantitative research and technology across the entire product spectrum, from cash to exotic derivatives. We have provided systems for trading desks within major dealers and hedge funds. We have also set up front-to-back technology platforms for new hedge funds, providing IT transparency and cost efficiency. www.momentanalytics.com.