REMATE Launches Volatility Desk Using Numerix

We’re very excited about a new relationship just announced with REMATE—a specialized Interdealer firm that deals in the Mexican FX and IR markets.

For their new volatility desk, traders will use Numerix Rates Trader, an Excel application that’s part of Numerix Bloomberg Edition, to price and manage local Mexican TIIE (interbank equilibrium interest rate) caps/floors and swaptions. (Enter RMVL <GO> on the BLOOMBERG PROFESSIONAL© service for REMATE pricing and volatility data.)

Launched in December 2009, Rates Trader is part of the Trader Applications Suite (also including Credit and FX). This simple application provides access to advanced pricing models and risk analytics for evaluating trading strategies, monitoring risk exposure and viewing relevant market data for portfolios of vanilla IR derivatives.

Sample risk tool in Numerix Rates Trader: The IR Delta PivotTable Worksheet

For a demo of Rates Trader, contact sales@numerix.com.

Read the full press release here.