Thomson Reuters has announced a partnership with MSCI in order to integrate MSCI RiskMetrics within the Eikon platform, its financial flagship desktop product.
The company’s investment portfolio risk management solutions will now be able to give investment professionals access to market-leading, multi-asset class risk analytics alongside Eikon’s capabilities for portfolio analytics, market monitoring and idea generation. These capabilities are meant to assist Eikon users to track market movements and monitor its effect on portfolios while aligning portfolios with investment objectives and policy statements.
Mahesh Narayan, head of portfolio management and research at Thomson Reuters, said: “As the investment landscape grows more complex, so does the need for insights that make a measurable difference for our customers. Integrating MSCI RiskMetrics into Eikon furthers our strategy to deliver market-leading investment process solutions through collaboration with specialist partners. Combining industry-leading, multi-asset risk analysis within existing applications can allow the Eikon user to quickly understand areas of potential downside and manage risk on their portfolios.”
Portfolio managers can stress test portfolios, perform scenario analysis on-the-fly, construct portfolios, and monitor portfolio risk. The platform also features a Monte Carlo simulation as an add-on. These capabilities allow Eikon users to understand the risk to their portfolios as a result of market moves while being in compliance with their investment guidelines.
Thomson Reuters Eikon enables financial markets transactions and connecting with the financial markets community. It helps users to make efficient trading and investment decisions across asset classes and instruments including commodities, derivatives, equities, fixed income and foreign exchange.
Eikon has recently connected to the Cboe One feed, a real-time stock quote and trade information service covering data across all four Cboe U.S. equities exchange through a single license. Last year, the company launched its Side by Side Integration API for Eikon, which provides users with a seamless workflow by integrating Eikon with multiple applications on a single desktop.
MSCI (Morgan Stanley Capital International), is a leading provider of investment decision support tools to investment institutions worldwide. The company’s flagship products are the MSCI International Equity Indices, which include over 120,000 indices calculated daily across more than 70 countries.
MSCI has acquired RiskMetrics Group in 2010, in a cash and stock transaction valued at approximately $1.55 billion. The deal created the opportunity for an estimated USD 50 million in cost synergies from duplicate areas such as platforms, services, and offices. The transaction accelerated MSCI’s internal investment spending program, including the build-out of MSCI’s portfolio management tools for fixed income managers and further investment in financial indices..