Theorem Integrates PortfolioScience’s RiskAPI

Theorem Technologies’ SaaS platform streamlines post-trade workflows by delivering value-added tools and analytics that run on a consolidated dataset across an organization’s brokers and counterparties.

 

With this integration, Theorem customers can now generate Value-at-Risk (VaR), multi-dimensional stress testing, exposure analysis, and options analytics across portfolios, sub-portfolios, and individual positions. Users can also interact with powerful views of risk in order to better track intraday portfolio activity.

 

“Adding VaR and other risk measurements is part of our strategy to expand the types of reports and analytics in our platform,” said Paul Geiger, President and Co-Founder of Theorem. “PortfolioScience is the perfect partner to seamlessly and securely integrate with.”

 

Ittai Korin, President of PortfolioScience added “We are thrilled about the integration of RiskAPI into the Theorem platform. The combination of their data aggregation and normalization capabilities and our robust set of on-demand risk analytics will be a great addition to both current and future Theorem clients trading a wide array of commodity derivatives.”

 

About Theorem Technologies

Theorem Technologies provides a suite of SaaS solutions dedicated to improving post trade management. Firms of all sizes and complexities leverage Theorem’s data-rich reporting and reconciliation tools which adapt to their needs without any programming required. From multiple-broker aggregation, to allocations, to multi-party reconciliations, Theorem makes post-trade management better.

 

About PortfolioScience 

PortfolioScience specializes in risk management technology for financial institutions, investment services, financial advisors, and hedge funds. The company’s hosted RiskAPI® service allows fund managers, advisors, and traders, as well as both buy-side and sell-side market participants to access powerful risk analysis capabilities on demand. RiskAPI includes all required data, computing, and infrastructure resulting in a complete end-to-end risk analysis solution.

Theorem Teams with R.J. O’Brien to Tackle MiFID II

RJO selected Theorem’s data management platform because of its flexibility and agility; both make it well suited for a complex, evolving regulatory environment. The ability to automatically combine, transform, and enrich disparate datasets alleviated the need for an otherwise error prone manual process.  Time to market was another key component of the engagement.  Theorem enabled RJO to address specific aspects of MiFID on an extremely aggressive timeline because the platform was activated in a single day and there was no need for RJO to divert costly developer resources from other projects.

 

Karen Northup, RJO Chief Operating Officer, said: “Theorem was integral in helping RJO meet the challenges of developing a fully automated transaction reporting solution for RJO’s diverse client base.  The Theorem team built infrastructure and functionality that not only facilitated RJO’s ability to meet an aggressive MiFID II implementation deadline but also will serve RJO well in developing future applications on the platform. ”

 

Working with the experienced team at RJO was another key factor in the project’s success.  Paul Geiger, Co-Founder and President of Theorem, added: “We enjoyed the opportunity to work with Karen and her team to tackle a new data requirement. We were also pleased that by leveraging our platform R.J. O’Brien avoided having to build and support a costly custom software solution.”

 

About R.J. O’Brien 

Founded in 1914, R.J. O’Brien & Associates is the largest independent futures brokerage firm in the United States, serving institutional, commercial and individual clients globally, in addition to a network of 400 introducing brokers (IBs). Clearing more than 80,000 client accounts, RJO services the industry’s most expansive global network of IBs, a vast array of middle market firms and many of the world’s largest financial, industrial and agricultural institutions. The firm offers state-of-the-art electronic trading and 24-hour trade execution on every major futures exchange worldwide.

 

About Theorem Technologies

Theorem Technologies, a Chicago based startup, provides a suite of SaaS solutions dedicated to improving post trade management; Reporting, Reconciliation, P&L Attribution, Allocations, Compliance, and other tools.  Theorem’s mission is to make world-class technologies more accessible.  Firms of all sizes and complexities leverage Theorem’s data-rich reporting and reconciliation tools which adapt to their needs without any programming required. From multiple-broker aggregation, to allocations, to multi-party reconciliations, Theorem makes post-trade management better.

For more information, contact Derek Huyser at +1 312-273-1236