MITIGET is a mid office risk management product, which tracks position and value at risk over multiple dimensions. It tracks risk exposure real time, enabling the on-line control over multiple types of limits stated in risk guidelines. An alert engine with routing and escalation rules is the key component of the product. Color-coded tickers for CEO and CRO are available as well.

	Tracks portfolio by exposure, stand-alone performance and relative performance
	Tracks MTM and period returns
	Has a comprehensive cash flow definition module, modeling all dimensions of cash flow as random variables
	Facilitates analysis of position, return and market risk on multiple and flexible dimensions such as industry, region, credit rating, market cap and liquidity
	Facilitates dynamic grouping
	Supports risk policy definition in terms of limits on both positions and value at risk
	Supports two limits - soft and hard limits
	Supports hierarchical and 'across the board' concentration groups for limit definitions
	Sensitivity and Scenario Analysis

MITIGET is built for inter-operability. There is strong API support in MITIGET facilitating easy and real-time interfaces to front office systems. Volatility data may be obtained from sources as of previous day. Flexibility is a key strength of MITIGET.

MITIGET tracks portfolio position across instruments and asset classes. User may view portfolio on parameters such as industry, region, market cap and credit rating. It facilitates analysis of portfolio performance on stand-alone and relative basis.

Instrument Management is a unique feature of MITIGET. Both complex and custom instruments can be modelled fairly simply thus eliminating repeated changes to systems. MITIGET recognizes cash flows as an expression of time, amount and a currency. Instruments are modelled with all three variables being expressed as functions of market random variables, for example DJIA, S&P 500, 3 month LIBOR whose distributions are known. Simple instruments can be modelled elegantly.

MITIGET measures market risk in three ways. A Value at Risk is calculated for all instruments. Additionally, there are facilities for measuring sensitivity to changes in market random variable values (say LIBOR 3 months rate is reduced by 1 basis point or S&P 500 is down by 10 points). While Value at Risk and revaluation for sensitivity are used as short term risk measures, user defined scenario analysis is facilitated. Risk controllers can input the firm's view on market random variables for a number of future years and value the portfolio with these scenarios to determine a long-term risk profile.
The product has several novel features to ease implementation of Value at Risk concepts. Risk limits can be defined for hierarchy (e.g. Vice president limit on VaR is USD 5 million), as well as across organization (e.g. auto industry limit is USD 20 million as a position and USD 1 million in VaR). By allowing both VaR and positions to be used as limits, one can start with familiar position limits and switch to VaR limits when appropriate.

Mitiget expects a real-time price feed for market data and links to published data such as RiskMetrics.