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Tuesday, July 17, 2007

Hosted MicroHedge helps Clarksdale's event volatility trading

US hedge fund Clarksdale Capital is using SunGard’s MicroHedge on a Software-as-a-Service basis for real-time trading, pricing and firm-wide risk management across equities, indices and futures. MicroHedge helps Clarksdale Capital’s event volatility traders to identify opportunities and high priority positions on one screen, evaluate risk across entire portfolios, and execute trades. As a hosted solution, it also helps Clarksdale to meet its time-to-market needs and to reduce infrastructure costs.
Ali Saadatnezhadi, managing director of Clarksdale Capital, said, “SunGard’s MicroHedge provides us with a powerful and reliable trading and risk solution. It was fast to implement and our traders were able to quickly and easily get up to speed on it. MicroHedge provides the real-time risk management and volatility skew analysis our traders need to help locate and prioritize opportunities. With the hosted solution, we have been able to reduce infrastructure costs in supporting market data feeds, related communication expenses and IT staff that would be needed to manage the system in-house. MicroHedge’s internet-based delivery platform offers further ease of access from anywhere, providing our end-users with great flexibility.”

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