NumeriX, the leading analytics player in derivatives pricing software, announced today a technology partnership with Xenomorph, the leading provider of cross-asset data management solutions. The partnership will help customers in the financial services industry reduce a tradeâs time-to-market and control operational and model risk through stronger data management and access to accurate pricing for exotics and derivatives.
In order to gain competitive advantage, financial services institutions (FSIs) must quickly develop and take to market complex new financial products. A vital issue is the ease and speed with which the new product can be fully integrated into core trading, risk management and reporting systems. Without this integration, transparency across systems is lost, thus increasing operational risk and vulnerability to larger regulatory capital charges.
Through use of NumeriXâs market-leading analytics and Xenomorphâs centralized, transparent support, clients are empowered to deliver new products to the market faster. The ability to price new and exotic trades and future-proof any asset class data structure without increased model and operational risk, is an important operational differentiator.
âWe are proud to announce this partnership, which bolsters our customersâ confidence in a trade at any point from the back office to the front office,â said Xenomorph CEO Brian Sentance. âThrough this combined solution, we remove lag time between product creation and trade execution to give firms the power to maximize profit on complex products.â
âIn the financial world, the trades that move fastest win,â said NumeriX President/COO Steven R. OâHanlon. âBy providing both data management and analytics in one combined package, we let investors maximize their time, the most valuable commodity on the Street.â