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Truss Edge launches order management and risk enhancements
Submitted
14/01/2021 - 9:16am
Hedge and ETF technology specialist Truss Edge has introduced enhancements in both front and back office features that will further benefit the firm’s asset management clients.
Its latest software release is focused on improvements to certain order management features as well as significant refinements to risk reporting.
Truss Edge system users can now use the firm s OMS in more flexible ways to handle market orders. A great benefit is that the Truss Edge OMS is fully part of the firm s systems portfolio management database allowing real-time portfolio impacts of orders to be evaluated at the order stage.
if a business were to lose $6 billion of shareholder money because of a bad trade and then tries to hide it by manipulating its results, one might expect the ceo of that company to be shown the door. that is not the case with jp morgan and its ceo jamie dimon. he didn t even testify in two days of hearings this past week in front of a senate investigation subcommittee. that committee led by senator john mccain and senator carl levin spent nine months investigating what has come to be known as the london whale trade that led to those $6 billion worth of losses for the bank. the london whale refers to a former trader in jpmorgan s investment office in london who made a series of risky trades. carl levin said the bank ignored the risk. it exposes a derivatives trading culture at jpmorgan, the piled on risk, the hidden losses, that disregarded risk
nation, alexis, great to see you. how are you? great. great to be here, chris. you were tweeting the heck out of this hearing. first, walk us through the issue here in layman s terms as much as possible. we had this trader and he was making super large bets and somehow no one was putting a check on him. so there s a lot of deception going on about this. has been going on for a long time. so internally what was reveal bed this report that the committee of investigations put out, a 300-page report, and what was revealed from the hearing today, is that they did know something was going on. as early as january. there are things called risk limit. that s like a line in the sand where if you blow through it it is a red flag. something fun sooe going on. we need look into it. as early as january multiple risk limits were being blown through and this was known bit bank and known at the highest levels but the bank did not say anything. jamie dimon did not say anything when he came before
$6 billion of shareholder money because of a bad trade and then tries to hide it by manipulating its results, one might expect the ceo of that company to be shown the door. that is not the case with jpmorgan and it ceo jamie die monday. in fact, he did not even testify in two days of hearings this past week in front of a senate investigation subcommittee. that committee led by senator john mccain and senator carl levin spent nine months investigating what has come to be known as the london whale trade that led to those $6 billion worth of lozs for the bank. the london whale refers to trader in the investment office in london who made a series of risky trades. carl levin said the bank ignored the risk. it exposes a derivatives trading culture at jpmorgan, the piled on risk, the hidden losses, the disregarded risk limits, the manipulated risk models, the dodged oversight and that misinformed the public.