Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions, has bagged a contract to provide Garantum Fondkommision, a Stockholm-based independent structured products boutique, with a portfolio and risk management infrastructure based on Sophis Value (Value). Implementation of the software started in October 2009 and the platform will support 30 users.
Garantum Fondkommision is a provider of structured products in the Nordic market with close to 700 issues and a valuation in the underlying markets of approximately EUR4billion.
Edgar Luczak, deputy CEO of Garantum Fondkommision, said: “We chose Sophis Value because of its functionality and the value that it will allow us to add to our clients, both now and in the future. Sophis was extremely flexible and we worked closely with its R&D team in order to build the innovative functionality that we need from our software platform.”
Sebastien Roussotte, COO of Sophis in UK and Middle East, said: “The Scandinavian marketplace is at an interesting stage in its development and there is a growing reliance on managing alternative funds and risk management. We have built Value from the ground up to support the needs of buy-side institutions, while incorporating the sophisticated risk management functionality developed for the sell-side.”
