Numerix Blog

Sapient Partnership Offers Advanced Analytics for Trading and Risk Management

This morning, we announced a new partnership with Sapient Global Markets, part of Sapient (NASDAQ: SAPE) and a leading provider of services to financial and commodity market participants—from advisory consulting, through systems implementation and outsourcing. As partners, our companies will work together to provide advanced integrated pricing and risk analytics for derivatives and structured products across a broad range of asset classes.

Read the full press release.

Expanding Our Global Partnership with Misys

We recently announced that we have expanded our partnership and distribution agreement with Misys, a leading provider of application software and services. Now a Platinum Numerix Partner, Misys has expanded its integration of Numerix CrossAsset analytics within its Summit and Opics Plus platforms, providing customers with greater flexibility in designing, valuing and risk-managing a wider range of OTC derivatives and structured products. Clients will also be able to purchase Numerix solutions directly from Misys, making it easier to manage vendor relationships.

Read the full press release.

Following up on Pre-Trade Analytics Panel

It took a little bit, but I finally got the audio up from the recent A-Team panel discussion on Powering Pre-Trade Analytics and Modeling (read the article here), featuring our SVP of Client Solutions, Satyam Kancharla.

The recording is a bit quiet in some places, but the discussion is pretty useful on the technology and business practices of pre-trade risk analysis, including high-performance computing and advanced modeling.

Download the MP3 file.

Reflecting on SIFMA: Risk and the Explosion of Market Complexity

As SIFMA winds down today at the NY Hilton, it’s clear that risk is still at the forefront of everyone’s mind—and more specifically, being able to manage risk quickly. Algorithmic trading technologies were bountiful, hardware manufacturers were there with the latest high-speed systems (including some exciting stochastic simulation capabilities on the GPU), and there was even a complete cockpit racing simulator in case you didn’t get the message: “don’t be stuck in a Mini when a Formula 1 is required.”

All of this is not surprising, as people are still trying to sort out the best ways to ensure their companies are prepared to handle extreme volatility (see: The Crash of 2:45). But the common stress underlying every exhibit, speaker and attendee was that the financial markets are more complex than ever, and managing that complexity is going to take some creativity and innovation. 

Mark Pesonen of Bloomberg discussed this in his keynote on Tuesday, addressing the explosion of market complexity—seen in everything from the number and types of market participants and the volume of new market data, to the types of instruments being developed. Whereas for many years, firms were able to simply rely on a few information sources and broker relationships, companies now have to be able to manage and respond to a wide range of opportunities and risks from many directions to effectively participate in the market. 

Visit Us at SIFMA and See the All-New HPC-Enabled Numerix

Starting tomorrow, hundreds of financial technology vendors will descend on the New York Hilton to showcase all the latest, greatest, most-comprehensive, all-in-one, front-to-back, solve-all-your-problems-and-do-your-laundry-at-the-same-time solutions you could ever hope to find.

But of everything you’ll see at SIFMA, you won’t find anything quite like what’s at booth 1837: the new turbocharged Numerix running on Microsoft HPC Server and HPC Services for Excel. When it comes to pricing and risk computations for complex derivative portfolios, this thing is breaking speed records!

(Of course, our partners will be showing some exciting new things, too, and we encourage you to visit them as well!)

We’ve been working with Microsoft’s experts at the High Performance Computing division to offer new ways of deploying Numerix analytics on the grid. By combining the distributed-computing power of HPC with Numerix’s optimized algorithms, you get pricing and risk calculations for complex portfolios that are orders-of-magnitude faster than anything else currently out there.