Hemmington CM Is Set to Utilize Algorithmics for Market Management Risks

Belfast, United Kingdom (PressExposure) August 23, 2012 -- In the next few weeks, the Hemmington CM, a leading brokerage firm that offers brokerage trading services to global investors and traders will soon employ Algorithmics' solutions for the firm's market management risks. The agreement will soon commence after the finalization of the terms and conditions of the services offered by the Algorithmics.

The Algorithmics is internationally known as the leading market provider of risk solutions. Its service will be used by the Hemmington CM to counter market risk related issues across its global business operation to ensure smooth business trading activities.

Some of the brokerage firms, as well as well-respected financial institutions have already implemented Algorithmics analytics across their asset classes such as foreign exchange, equity options, bonds, hedge funds and credit derivatives to improve risk control on their respective business activities.

The Algorithmics analytics provides comprehensive support to market risk capital measurement, market to market management, facilitating estimation of minimum capital under consistent and inner model approaches. It also summarizes and secures exposures taking place from manifold risk factors which include equity markets, credit spreads, interest rates, foreign exchange markets, volatilities, power and commodities.

Mr. Sebastian Lee Hei, the Hemmington CM's Managing Director said: "We are exceptionally happy that after a year of transaction of getting the service of Algothmics, we have finally agreed and in the near futures we will be implanting its service to our own market risk issues. This after-sought project of the firm will be introduced soon including the team of experienced individuals who will handle the said project. Algorithmics offered solution fits to our strategic risk objectives which will cater both to the short and long term business undertakings. It will also provide strong collection of control additional functions which will enable to enhance our decision making patterns across our business subordinates."

Mr. Edward Petersen, the Executive Vice President for Global Algorithmic Solutions of said: "On our behalf, we are also extremely happy to have the Hemmington CM which we know as one of the most efficient brokerage firms, to use our risk solution service. In due time, we will be closely working with them in implementing risk solutions to the specific and unique needs of every trader and to ensure that we are able to help them in their risk management issues." We exist because we want to become the ultimate partner of brokerage and financial firms that needs our risk management solutions."

Hemmington CM manages over $1.6 billion as of March 31, 2010; the company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Hemmington CM is a global leading investment advisory, derivatives and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Press Release Submitted On: August 23, 2012 at 2:17 am
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