AltanaFT launches RISKALERT tool to track CDS spreads
AltanaFT, part of Altana Wealth, the absolute return focused investor, has launched software that monitors real time prices from credit markets, to identify the cost of risk protection.
The software was trialled for a year, during which time it predicted crises in Spanish banks, AltanaFT said.
Provided as a service, the software enables subscribers to select institutions they wish to monitor from a list of 1,200 worldwide, including sovereigns, corporate and financial institutions. The tool monitors credit default swap data, and delivers alerts directly to email inboxes as soon as personalised triggers are reached.
Users can also view real time updates on up to 1,200 counterparies through an online dashboard, which also provides implied credit ratings.
Altana founder and CIO Lee Robinson said: “We are in a credit crisis. To lack the updated market information on credit insurance is an invitation to failure. CDS spreads are regarded as the best measure of current and short term outlook of unexpected events and have proven to do so in periods of crisis. I have been using them for years to assess the risk of specific companies, institutions and worldwide regions. These were vital in allowing me to predict and hedge against the last financial crisis. Given the current uncertain state of the European economy, it is more important than ever to have timely financial indicators. RISKALERT is a vital alert system for those financial professionals that need to make informed decisions about trading with particular companies and regions.”