R² Financial Technologies was founded in 2006 out of a belief that risk management technology was not fulfilling the needs of the people it served. Information produced by trading and risk systems was not sufficiently transparent, not sufficiently accurate, not available in a timely manner, and often hard to consume. This was a reflection of the fact that legacy systems were largely monolithic, closed platforms, not engineered to address the dynamic needs of modern portfolio and risk managers.

Today, risk practitioners need full transparency, maximum accuracy and the ability to perform unconstrained, ad-hoc analysis in real time. They need to communicate complex ideas to one another easily and fast, and this requires software that presents information in a clear and intuitive way. The founders of R² set out to build such a platform from the ground up. From the beginning, we surrounded ourselves with creative people from diverse intellectual backgrounds who could look at risk in new and creative ways. The Fields Institute, an interdisciplinary mathematical sciences think tank where R² was initially housed and incubated, provided the ideal environment to begin building the platform that today powers all of our risk software and services.

In 2009, R² moved to new corporate offices in downtown Toronto. This marked the culmination of a period of double-digit growth and broad commercial success during a time of challenging global economics, and without the benefit of external funding.

Today, R² markets two software products: NxR² for portfolio managers and Advanced Scenario Analytics (in partnership with IBM) for risk managers. Customers around the globe practice more informed risk taking, and make better decisions every day using the in-depth, real-time information our products provide.