New York-based hedge fund management firm Bigger Capital hired Vertex to create its risk management system. While details of the system are proprietary, the basic function of the system is to intercept and record all online trades made by Bigger with its investment bank partner and to use proprietary algorithms for determining relative risk of its portfolio positions in real time. The system was so successful that it became the basis of some of Bigger’s marketing to its investors – identified as its competitive advantage – and has helped the hedge fund grow its client base substantially.
The Risk Management System, built with ASP.NET/C# and SQL Server 2000, is now on its fifth version in three years.
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