Shanghai Wind Information (Wind Info) has selected IBM to provide new cloud-based analytics tools to manage financial risks and meet regulatory requirements to its users in China.
To meet regulations, Wind Info, a service provider of financial data, research, information and software, serves more than 90 percent of the financial enterprises needs risk management capabilities for its Wind Terminal systems, which are used by traders to buy and sell stocks, bonds and other financial products.
As part of the deal, Wind Info will incorporate IBM’s cloud-based risk management software, IBM Algo Risk Service on Cloud, and the locally installed IBM Algo One Risk Aggregator directly into its Trading Terminals.
IBM said the hybrid solution will conduct risk data processing in the cloud while keeping client position data protected and confidential within the boundaries of China, an important requirement of Chinese law.
The new solution is expected to be available later this year.
“As Chinese financial markets continue to grow not only in size but also complexity, investors from all around the world are looking to invest in this region, and we want to provide them with tools of the highest caliber to enable them to fulfill regulatory requirements and to help maximize returns,” said Jin Jian, vice president, Shanghai Wind Information.
Integrating IBM risk analytics software into Wind Terminals will provide a customizable, integrated risk framework for portfolio and risk analytics, helping clients address regulatory requirements, improve investor confidence and formulate investment decisions.