Laura ScottProfessor RothmanEnterprise Risk Management16 March 2014Assignment no. 1Fidessa Group, plc. was founded in 1981 under the original name of “Intercom Data Solutions” which later renamed itself “royalblue Group, plc” in 2000. operating with two trading platforms “royalblue Technologies” and “royalblue Financial”. In 2001 the company dissolved the "Technology" division and concentrated entirely on the financial aspect. With the company's main focus now on the trading platform, in April and May of 2007, Fidessa LatentZero (buyside) was renamed and Fidessa Group, plc. was founded Fidessa Group, plc is a UK based company providing technology services and software solutions to Financial Insights. The main components are customized trading systems designed for each client's needs and activities. Fidessa also provides support and services to buy-side and sell-side financial markets, along with market data reporting. Although Fidessa is based in Woking, it has a global presence. We serve London, New York, Chicago, Boston, Tokyo, Hong Kong, Toronto, San Francisco, Belfast, Singapore and Sao Paulo, to name a few. (Fidessa.com) Fidessa is a software provider that can provide its customers with world market access connections through a global network. After reviewing the 2012 annual report, my risk assessment is that Fidessa's risks are the same for 2013. Risk categories: Financial, Technology, Legal, Operational, Credit, People, Regulatory, Strategic and Currency. Please see attachment for risk indicator and definitions, new end-to-end business process review and priority risk level review. Fidessa invests its cash in financial insights with positive performance in diversified accounts… halfway through the document… .and promote loyalty. The key is to motivate and develop to avoid the risk of turnover. In the event of regulatory changes Fidessa may face the risk of delinquent or slow-paying accounts. This could impact Fidessa's cash flow. This could also create the opportunity for new products or services due to regulatory change. If the current strategic plan is not aligned with the current market, Fidessa will not be successful in competing in the market. They run the risk of not having a well thought out contingency plan. As Fidessa is a UK based company, all earnings outside the UK are handled from there. “The currencies that give rise to risk are mainly the US dollar and the Japanese yen. Revenue is split 47% in US dollars, 36% in sterling, 8% in Japanese yen and 9% in other currencies. Fidessa.com Financial Statement 2012 2012 pag. 15