Numerix Voted by End-User Firms as Best Credit Risk Solution Provider and Best Risk Analytics Provider Second Year Running
Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced its double award win for Best Credit Risk Solution Provider and Best Risk Analytics Provider in the Waters Rankings 2013. Each year the rankings provide an opportunity for market participants including investment firms, hedge funds and exchanges to voice their opinion on which technology vendors and service providers deserve recognition for their offerings. Utilized globally by a wide-range of buy- and sell-side clients for its accurate, real-time pricing and risk valuations, Numerix offers a single analytics stack underpinned by the industry’s most sophisticated library of cross-asset pricing and risk models and methodologies.
Numerix CVA leverages the industry-leading CrossAsset analytics platform to deliver a highly flexible, transparent solution to calculate, analyze and limit exposures across business units and optimize capital allocation reduction for Basel III compliance. Numerix CrossAsset Server – a scalable, real-time calculation engine, extends the rich features of the Numerix CrossAsset Library into an active, gridded server platform both buy-side and sell-side firms can use to compute pre-trade pricing, Mark-to-Market (MTM), Greeks, sensitivities, cash-flows, and both Market Risk and Counterparty Risk calculations including CVA, Debit Valuation Adjustment (DVA), Potential Future Exposure (PFE) and Funding Value Adjustment (FVA) for all enterprise requirements—from front office to compliance and regulatory reporting.
“It’s an honor to be recognized by our clients, prospects and industry peers as the leading provider of Credit Risk and derivatives analytics solutions to the marketplace, especially today where regulation, financial accounting standards and market forces continue to stress the need for faster, more frequent calculations and the ability to centralize pricing models instead of a reliance on silos,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “Globally recognized for its robust approach to real-time CVA calculation, Numerix provides an enterprise-level platform used for pre-trade and post-trade calculations for Counterparty Credit Risk measurement, management and monitoring. On top of our core analytics we’ve also built enabling technology to provide scalable, high performance for standalone desktop installations to enterprise-wide deployments.”
Numerix prides itself on its ability to anticipate market needs and drive innovation for OTC derivatives risk management and pricing analytics. Over the past year Numerix has added OLAP and CEP (Complex Event Processing) capabilities for the instant analysis, aggregation and visualization of large volumes of complex and dynamic data for derivatives valuation, Market Risk and Counterparty Credit Risk calculations. This enables real-time, front office pricing and analytics for Pre-trade CVA and FVA calculations, Pre-trade initial margin across CCPs (Central Counterparties) and Pre-trade initial margin across bilateral counterparties. Numerix also introduced new analytics functionality for Cheapest-to-Deliver CSA optimization and a Risk Scenario Framework that utilizes scripting to create risk scenarios and automate calculations.
“The Numerix Risk Scenario Framework in particular leverages an easy-to-use scripting language which allows for the definition of any bespoke, exotic, structured product or derivative and works to automate the creation and implementation of user-defined risk scenarios, stress tests and greeks,” said Satyam Kancharla, Chief Strategy Officer and Senior Vice President at Numerix. “The Risk Scenario Framework allows clients to determine the overall economic impact to the organization due to macroeconomic shocks to entire portfolios. It provides the comfort of operational risk management through transparency of single model deployment across all risk analytics – from middle and back office operations to the front office, and finally allowing for better granularity and understanding the potential risk of trading losses as well as overall economic P&L.”
Steven R. O’Hanlon, Chief Executive Officer & President accepted the awards on behalf of Numerix at a cocktail reception held at the rooftop event space 230 Fifth on July 18 in New York City.