JPMC demos new risk tool
The tool, which enables buy-side clients to gauge market risk in their own investment portfolios, is an internet-based application. Clients provide positions or transaction feeds and the information is then analysed using the firm's proprietary value-at-risk, sensitivity analysis and stress-testing models. A JP Morgan Chase spokesman said client trading information would be kept separately from its bankers. "The walls are 'high and thick'," he said.
MorganRisk, which will be beta tested in July
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