Imagine Software said Renaissance uses its live risk analytics to track P&L and perform stress tests on current positions across their derivatives books.
With Imagine, Renaissance can provide timely analysis and quick response to demands for real-time information.
Renaissance Capital global head of Derivatives Trading Chris Carter said they selected Imagine because its agility, global reach and customization capabilities deliver the quality risk management we seek.
"Imagine’s user-friendly interface requires less training and its availability as a hosted service means I have real-time access to portfolios no matter where I am in the world. We felt very confident that Imagine’s experience and expertise would ease any implementation challenges and get us up and running quickly," Carter added.
Renaissance Capital COO of Equities Desk Terry Fenner-Leitao said what appealed to him about Imagine is that its team has demonstrated the ability to make the platform really work for Renaissance, in real-time. It’s capable of carrying out the kinds of scenario testing Renaissance need to manage its portfolios.
"Imagine enables me to run simulated shocks to measure risk. For example, I can hypothetically change oil prices by five percent and see how certain actions would be affected. It was very important to us to find a vendor that appreciated our specific scenario-testing needs and whose solution was fully scalable across different regions and product classes," Fenner-Leitao.
