Razor Risk Technologies (RZR)

Shares / Stock Code

RZR

Stock Exchange / Sharemarket

ax

Razor Risk Technologies (RZR), formerly IT & e Limited (ITE), is a publicly listed services and software company specializing in delivering IT technology solutions to the Financial Services industry. The services business is engaged in the development and maintenance of high-end financial software applications, and the provision of related consulting services for large financial institutions. The company listed on the Australian stock market on 3 December 1999. It changed its name from IT & e Limited to rajor Risk Technologies in 2009. The company has offices in London, New York, Sydney and Melbourne. Investors can trade Razor Risk Technologies shares on the Australian Stock Exchange (ASX).

Razor Risk Technologies markets three flagship products, 'Razor', a risk management product that enables organisations to effectively manage credit, market and (shortly) operational risk, 'PTX', a multi-asset online trading platform that allows banks to buy and sell financial instruments with corporate treasurers and institutional clients, and Monarque, a trading and treasury management application applicable to major banks and broking houses.

Historically, RZR was highly dependent on a small number of large, high customer quality domestic financial institutions, including CBA, WBC, and NAB. However, with the acquisition of NextSet and TMS and ongoing growth in the Razor application, RZR has successfully diversified its number of customers and its geographic market exposure. Competitors - in Australia include Misys, Algorithmics and SunGard. All are large, financially strong international players.

Razor is a high performance, fully integrated enterprise risk management product that is designed to meet the risk management needs of Investment Banks, Exchanges, Central Counterparties and Asset Managers. It provides near real-time and pre-deal calculations that enable management to view their total exposure to individual entities on one consolidated platform. Clients use Razor’s advanced analytics and scenario calculations to achieve best practice in managing risk exposures for credit, market, clearing and liquidity risk within a single application.

Razor supports a broad coverage of instruments within all asset classes: Interest Rate Products, Inflation Products, FX Products, Equities, Credit Derivatives and Energy & Commodities. Razor’s design allows new or third party or proprietary pricing modules or analytics to be quickly configured. Razor comprises a set of modules to provide a multiple-risk and cross-asset solution that can easily be adapted to suit financial institutions’ individual risk needs and appetites, and accommodate innovations in best practice risk management. Razor also assists financial institutions to satisfy risk-based compliance requirements, for example under the Basel Regulatory Framework and the IOSCO Recommendations for Central Counterparties.

Razor’s modules can be used as a standalone solution, or on a fully integrated basis. Clients purchase the Base Architecture module which provides the core services, architecture and infrastructure required to operate all the additional modules. Then, according to their needs, clients chose from the following major modules: Market Risk, Credit Risk, Limit Management and Economic Capital. Additional modules are available e.g. Reporting.