Lambda Capital Group, the new Zurich-based fund, will use Derivatives.com of Imagine Software for its portfolio and risk needs.

Lambda Capital employs long/short equity and volatility dispersion strategies and trades with a particular focus on equity and index options, warrants, and stocks within the Swiss market. This led to the decision to chose Derivatives.com, the firm said in a statement.

The main reasons for choosing Imagine’s system were, according to Simon Biner, managing partner at Lambda, Imagine’s real-time risk capabilities, elimination of IT support requirements, comprehensive data management, and fast integration with other third-party systems.

"In today's highly risk-averse climate investors demand that you have a professional-grade risk management tool in place, one that can provide real-time Profit and Loss statements and greeks, user-defined stress testing, ‘what-if’ scenarios, VaR, Monte Carlo simulations, and much more. It’s no longer acceptable to simply employ a spreadsheet-based system,” he said.

“The managed data component of the Derivatives.com offering allows us to conduct rigorous stress testing. We can choose to upload, for example, proprietary implied volatility surfaces and dividend tables, then utilize customized risk calculations we construct as needed to create testing around any imaginable scenario, strategy, or market condition," he added.

Imagine Software's flagship product, the Imagine trading system, is a cross-asset trading, portfolio, and risk management solution available as an enterprise application or as an on-demand, ASP-based platform at Derivatives.com.