Numerix has been selected as Technology Vendor of the Year in the 2014 Asia Risk Awards, capping off a series of notable accolades it has recently received for its achievements throughout the Asia-Pacific region. Numerix also made an impressive showing in this year’s Asia Risk Technology Rankings, maintaining its overall positon, and topping both the Credit Valuation Adjustment (CVA) and Hybrids pricing categories.
As the leading provider of cross-asset analytics for derivatives valuations and risk management, the results of both the Asia Risk Awards and Technology Rankings demonstrate the company’s key strengths, especially its ability to rapidly adapt to industry developments, and provide customizable, flexible solutions to solve regulatory complexities emerging throughout the region.
“Like the financial centers of the West operating within the lines of G20 OTC derivatives commitments, concerns continue to grow over the management of regulatory capital allocation, collateral funding requirements, central clearing and considerations for uncleared OTC derivatives. By focusing on new markets with emerging opportunity, over the past year Numerix has successfully applied the unique features of the Numerix CrossAsset technology stack to sell solutions that meet the market’s most complex pricing and risk challenges.”– Steven O’Hanlon, CEO of Numerix
As cited by Editors, Asian clients have played a critical role in working with Numerix to define user requirements and guide the development of its technology towards this transformation. Singapore-based DBS Bank, for example, wanted to improve the ability of its equity derivatives structuring and trading desk to respond to requests for quotes (RFQs) and increase trading volumes. Numerix tailored the CrossAsset Platform to meet the needs of the bank – leveraging its comprehensive, flexible centralized data model and orchestration engine with enterprise analytics. The end solution can automatically respond to enquiries on equity-linked notes and other structures coming through both email and FIX (Financial Information eXchange) channels.
“With Numerix IPDS (Investment Products Distribution System), we have increased productivity and profitability at the desk while significantly improving service quality to our customers. The accuracy, speed and scalability of Numerix's pricing analytics, as well as the ‘customizability and configurability’ of Numerix CrossAsset Platform, has been key to the success of the project,” said Calvin Yeap, MD & Head of Equity Derivatives Trading at the bank.
DBS Bank is now working with Numerix to extend the business-specific solution to an enterprise-wide facility with enhanced product distribution, trade execution and risk management capabilities.
Steve O’Hanlon continues: “As pricing and risk management are overlapping, the focus has shifted firmly to the front office and real-time calculation require¬ments. This interdependency, has instilled greater complexity and performance requirements, placing incredible demands on a bank’s technology infrastructure. As a scalable solution, the CrossAsset analytics platform can be extended and applied to a multiplicity of circumstances, it can be integrated into the core of a bank’s system, and easily evolve to meet new challenges.”
The complete results of the 2014 Asia Risk Technology Rankings are also available online.