History
Ors History 2006-2007
20072007 sees ORS constantly committed to new projects in its three specific areas: finance, energy and industry.
The customers’ portfolio is growing and the functional covering of the applicatives in the 3 reference sectors above mentioned is increasing.
As far as finance is concerned, this is the year of the further strengthening of the Pricing Project.
ORS is in fact launching its suite for the increase in value of securities: FairValue for unlisted securities, BancaItalia output for structured securities, on-demand adjustment of pricing parameters to ensure a constant connection to the market, BestPrice for listed securities thanks to a process of finding out the best parameter-based and dynamic price.
The finance sector furthermore widens its offer thanks to the realization of the Advisory Project: the advisor can perform new, in-depth portfolio analyses, detailed securities and list of securities analyses, and he has a high number of alarms and sentries available.
ORS makes available for the banker even a system of Customer Relationship Organizer and Optimizer allowing him to have useful and always up-to-date information regarding his own customer.
In the energy sector ORS completes its Gas Consumption Forecasting System and proposes the BEM (Building Energy Management) Project, allowing to optimize the large energy users inside a building.
In the industry sector ORS implements a new system of Production Planning, in order to plan the production of industries belonging to different merchandise sectors, first of all the textile-clothing one.
2006ORS is ten years old and it goes on producing always new software and supplying updated consultancy to its clients and to the market.
Another optimization model, the MFMADM (Multi Frequency Mean Absolute Deviation Minimization) was inserted in Giano. It is a model of MADM (Mean Absolute Deviation Minimization) with inter-temporal control of the shortfall through bonds on windows of different time frequency.
includes in its software offer the possibility of measuring the efficiency of production units, both in the finance sector and in the industry and energy ones, through the technique called DEA (Data Envelopment Analysis). DEA compares each DMU (Decision Making Unit) with the most efficient DMUs and it evaluates its relative efficiency.
counts among its customers new prestigious Italian and foreign Family Offices, which with our software perform consultancy activities on portfolios, producing results and punctual reports for the final customer.
Ors History 2001-2005
2005ORS successfully applied its expertise in R & D for the energy market. Major
clients like ENDESA and HERA entrusted projects to ORS. Problems of whole optimisation
for production planning and forecasting are among those considered.
BNL bank decided to extend ORS applications from its Private Banking to its retail
arm. At the same time, the BPVN group chose ORS for its Private Banking network.
With a major project for the Pioneer company, ORS integrated the pricing process
with the download of information from data providers.
New optimisation models from the latest research, such as Black-Litterman and CvaR
minimisation, were added to Giano's extensive library.
2004ORS released Personal Financial Planning (PFP), an application for multiperiod stochastic
optimisation of portfolios, including both financial and non-financial assets.
Order placement and management features in the front-end tool for portfolio management
were improved, benefiting from real-time updates on positions.
The software for integration and valuation of portfolios from about 10 banks was
released and distributed as an office family structure.
2003In collaboration with major banking groups like Capitalia, BNL and BPVN, ORS developed
cutting-edge web applications for managing client relationships and portfolios in
the Private Banking and Wealth Management areas.
Cascina Leone, a beautifully restored 14th century building just outside of Alba
(CN), became ORS' new headquarters.
2002ORS releases Corporate Portfolio Management(CPM), a software which supports companies
in the management of their financial portfolios. PFP (Personal Financial Planning)
is added to the growing ORS product line. Plans for Private Banking are completed.
Development for Asset & Liability Management is underway. A series of projects
involving Business Process Re-engineering (BPR) and scheduling in the garment industry
are also in progress.
2001ORS launches RAMS (Risk and Asset Management Studio), a complete suite of tools
for asset management, risk management and private banking.
Ors History 1996-2000
2000GIANO for Asset Allocation is upgraded with an improved design, and rewritten in
C++. GIANO 2000 Evolution is launched.
1999ORS acquires some of the share capital in Advanced Mathematical Software Ltd., its
principle provider of optimization technology. ORS launches Microgiano, an offshoot
of GIANO for Asset Allocation.
1997ORS develops GIANO for Asset Allocation, in collaboration with Banca della Svizzera
Italiana (Italian Bank of Switzerland).
1996ORS is founded as a company specializing in the development of software for optimization.