According to the Credit Magazine editors, the NxR2 Structured Credit Desktop was recognized for its ability to value, profile and manage risk on credit derivatives and structured credit products. The underlying analytics, powered by the NumeriX 7 libraries, enable full coverage of the complete spectrum of cash and synthetic instruments. As a result, users can mitigate the risk associated with the lack of knowledge and transparency in the market when valuing and structuring credit products.
âThis recognition with the Credit Technology Innovation Award is a testament not only to NumeriX, but also to R2 Financial Technologies, an important partner of ours and market leader. We have jointly built an application that enables users to confidently bring complex trades to the market,â said Steven R. OâHanlon, President and Chief Operating Officer at NumeriX. âLast yearâs credit crunch is still affecting the markets and users must have the tools to successfully maneuver the current volatility and lack of liquidity.â
In addition to highlighting the comprehensive analytics, the Credit Magazine editors also commended NxR2âs integration of multiple internal and external sources for market and credit data and structured cash-flows. The integration of Bloomberg and Markitâs pricing data coupled with Intexâs deal model libraries and cash-flow generation functionality enables NxR2 to deliver the most comprehensive and transparent valuation and risk analytics solution. This integrated solution provides effective tools for users to manage their credit portfolios more effectively, reduce risk and find investment opportunities which maximize profits.
âConsidering the lack of transparency and significant amount of risk in the current credit markets, investors and traders need access to effective real-time analytics, based on solid credit data and detailed modeling capabilities to get a complete picture of their portfolios and the opportunities available in the marketâ said Dan Rosen, CEO of R2. âNxR2 is the result of NumeriXâ and R2âs joint vision to provide an integrated solution which packages the most advanced credit analytics with detailed credit data, scenario capabilities, productivity and reporting tools, in order to perform reliable valuations, and understand the key underlying risks and concentrations in structured credit portfolios and strategies.â