A.M. NOMIKOS: Commercial, corporate and ship management service for ship owning entities. The company employs about 1,000 personnel worldwide with offices in Athens and in London.
NEED: Substitution of a file-based application for performing risk management operations for freight forward agreements.
APPROACH: We took a crash course on maritime derivatives and…
FFAs, to become familiar with the business as well as the company’s existing file-based application. We used advanced database design methodology to structure the database for performing Monte Carlo simulations and “what if” scenarios.
SOLUTION: EXIS designed and developed a custom Risk Management System for options, time charters and freight forward agreements (FFAs).
OUTCOME & BENEFITS: We delivered a centralized application providing data validation, data integrity and security, user management and user access control, advanced reporting capabilities, archiving and historical data management, automated calculation of portfolio’s mark-to-market and position
A.M. Nomikos has been using the application since 2011 and since then we have released three major versions, with improvements in terms of performance, user interface and reporting.
EXIS’s Risk Management System is the core system supporting A.M. NOMIKOS’ operations, enabling them to perform risk analysis for more than 1.500 trades (Freight Forward Agreements, Options and Time Charters) on a daily basis.