Red.Shift:

eigen.spaces | red.shift | model.bricks

The turn of recent events in the credit markets have triggered a systemic shock to the whole financial market. Historically, such shocks have been rare events but in recent decades have occurred more frequently. (From the stock market crash of 1987 to the LTCM / Russian crisis of 1997 to the burst of the dot com bubble in 2000 and finally to the current credit crisis of 2008).

Managing risks in frequently occurring shock conditions and regime changes requires an agile risk management framework. Approximations that worked well in normal times to provide real time risk estimates are no longer useful; today’s extreme conditions routinely violate many model assumptions and underpin their validity.

Budget constraints during stressful situations, such as the present one, force the market participants to squeeze technology spending. We at Eigen.Systems have hands on experience of working through past market crisis situations. We have insights for addressing the business requirements for adaptive risk management and have put our years of experience into developing Red.shift our risk management and pricing platform.

Red.Shift addresses the need for timely – real time, and accurate risk management. Red.Shift provides the ability to rapidly integrate custom analytics models or employ our own high performance analytic library Model.Bricks.

We have partnered with Intel for development of our high performance parallel computing framework, Eigen.Spaces, which extracts maximum performance out of multi-core CPU’s. Red.Shift utilizes this framework. As a result, Red.Shift can perform risk computation on a large, (more that 100,000 positions), book of complex instruments in a matter of seconds.

With increasing cost pressures it is not easy to implement a brand new risk management system in-house. To mitigate any risks associated with such an approach we also offer Red.Shift as a service with per usage pricing; reducing any upfront investments. We also offer our professional services in the areas of Business Process, Systems Integration and Risk Analytics. At Eigen.systems we continuously exploit new technologies without incurring long implementation cycles, to help you transition from rigid legacy platform to an agile environment that results in significantly lower cost of ownership and maintenance.

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