The risk array module (RAM) enables market participants and risk managers to measure exposure by re-creating SPAN and theoretical values in real-time through the day. The module offers accurate replication of exchange models as well as custom flexing of exchange parameters. Users are able to apply their own worst case and volatility scenarios alongside those of the exchanges.
Patrick Liardet, director of middle office technology at Rolfe & Nolan said: Recent market volatility has highlighted the need to recalculate risk exposure continuously during the day as underlying prices change. Firms need to predict margin call and working capital figures accurately, as well as monitor credit utilization and market risk. RAM gives a firm the tools it needs to achieve this.
