Data management specialist Xenomorph today announced that d fine, one of the leading European risk management consulting firms, has become an officially accredited implementation partner for its TimeScape data and decision management system. Over recent years, d-fine has consistently demonstrated its market-leading expertise in derivatives and risk management consultancy.
During the accreditation process, d-fine worked with Xenomorph on a project to build a Value-at-Risk calculation module within the TimeScape software, based on historical simulation. One of the major issues when implementing risk management systems is having a data infrastructure in place that ensures that accurate market and scenario data is feeding an institutionâs risk management processes. Xenomorphâs and d-fineâs joint work on this project extended TimeScapeâs functionality to become an ideal solution for risk management calculation as well as having the flexibility to allow the latest types of exotic derivatives to be incorporated as and when they are created.
Greg Johnson, Xenomorphâs Chief Operating Officer, says âThe quality of d-fineâs work in derivatives and risk management consultancy is, we believe, second to none. As such it gives me great pleasure to announce that they have become an
accredited implementation partner for our TimeScape data and decision management solutions and we look forward to more collaboration with d-fine in the future.â
Richard Rossmanith, director of d-fineâs London office, replies âI have been impressed with Xenomorphâs modern technology platform for data accuracy and time series management for some time. Working with them on this project allowed us to also become acquainted with their analytics layer for curve modelling and derivatives pricing. It really was the natural thing to do to add value at risk calculation in the form of historical simulation to this platform. The implemented framework will also allow the easy addition of further VaR methods, such as Monte Carlo, parametric Delta-Gamma, or market stress tests. We look forward to continue collaborating with Xenomorph, and we are delighted to become their accredited partner.â