Derivix, a financial services software company providing options analytics, electronic execution and real-time risk management, is pleased today to announce J.P. Morgan and S.A.C. Venture Investments, LLC, an affiliate of S.A.C. Capital Advisors, L.P. as new investors in the fast-growing Derivix product.
Derivixâs advanced analytics functionality, broker-neutral execution, and award-winning portfolio risk platform provides clients with solutions to meet the increasingly competitive challenges of derivatives trading.
"We are thrilled to be investing in Derivix. The product offerings and vision of the management team position the company to be an important player in the electronic marketplace," an S.A.C. Venture Investments, LLC spokesman said.
The investments follow a year of continued growth and outstanding performance by Derivix. In 2009, the company significantly increased its client base, continued its pioneering product development and further expanded its partner program. The new investments will enable Derivix to enhance its already robust product by powering continued product innovation, expanding its sales and customer support infrastructure, and fueling its entry into new marketplaces.
"We have been impressed with the speed, accuracy, and simulation functionalities of the Derivix Risk Management Platform. We are looking forward to offering the Derivix platform as part of our integrated client trading solution, ultimately enhancing the clientsâ trading decision making process," said Neil McDonald of J.P. Morgan.
This announcement is an extension of Derivixâs already powerful partnership, and management development initiatives that began in 2008. At that time, Susquehanna Growth Equity, LLLP and Goldman Sachs became strategic investors in Derivix, and today they are joined by J.P. Morgan and S.A.C. Venture Investments, LLC. In its commitment to strong and dynamic management, in 2009, Derivix appointed industry veterans Carrick Pierce as President, and Richard Schenkman to the Board of Directors.
Of J.P. Morgan and S.A.C. Venture Investments, LLC, Jonathan Weedon, CEO and co-founder of Derivix said, âThese investments are further proof of the strength of our products, people and vision.â In addition, âDerivix,â he said, âis committed to empowering our customers with the most advanced solutions available as we continue to set the bar for innovative software solutions in the derivatives marketplace.â