Sophis, Platform Computing Partner for Cloud-Based P&L, Risk Platform
Dublin-based Sophis has partnered with Toronto-based Platform Computing on a joint cloud-based service to help financial service companies, including insurers, process P&L and sensitivities calculations, instrument pricing, risk simulations and value at risk.
The service has been tested on IBM's Power 750, XIV Storage System, System x3850 M2 and BladeCenter HS22. The companies claim the test computed value at risk calaculations for a portfolio with 32,000 positions using 270 historical scenarios in four hours.
