The combined technologies give customers the capability to quickly and accurately price and execute financial products without leaving Excel, the traderâs preferred technology tool.
As a result of this partnership, ClusterSeven customers will gain access to NumeriX analytics through NumeriX for Excel, a series of flexible add-in templates.
Currently, structurers model financial products through software developed in-house; the models are then exported to Excel for pricing and execution. Although Excel is a user-friendly interface for traders, the process creates the risk of lost data and latency in trade execution. The combined ClusterSeven/NumeriX technology helps eliminate this risk while accelerating the time-to-market by building underlying analytics right into the Excel interface.
âSpeed is essential to maximising profits on new financial products,â said Ralph Baxter, Director of Marketing and Strategy at ClusterSeven. âThe integration of NumeriXâs analytics with ClusterSevenâs management software will provide traders with the technology to find accurate prices and bring new products to the market faster, all within Excel.â
Built-in analytics inject speed and accuracy into pricing for the exotics and other complex products that deliver competitive advantage for financial services institutions,â said Steven R. O'Hanlon, president & COO of NumeriX. âBy combining our analytics expertise with the traderâs tool of choice via ClusterSeven technology, we are helping traders mitigate risk when executing complex transactions from the back office all the way to the market.â