The global IT services and Knowledge Process Outsourcing (KPO) company, Syntel, just announced that it will begin providing independent pricing services to its buy-side and sell-side clients using Numerix CrossAsset pricing and risk analytics. The company will also be combining our models and methods with its own in-house research to offer Asian credit spread data across corporate securities.
By using Numerix, Syntel will be able to deliver enhanced risk mitigation and greater transparency in pricing fixed-income securities and derivatives for its capital markets clients. In addition, Syntel’s clients will be able to better manage counterparty risk and regulatory accounting requirements and risk reporting, including FAS 157, FAS 133 and IAS 39 and Basel II market risk.
“We selected Numerix products to fuel this new service offering based on their broad range of pricing models and methods, built-in world-class analytics and strong architecture,” said Syntel CEO and President, Prashant Ranade.
Syntel’s new pricing offering will complement its existing middle and back-office capital markets KPO services, which include valuation, risk and compliance, analytics and research, transfer agency, performance attribution, fund accounting, hedge fund administration and trade processing.
Read the press release.
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