Numerix Blog

The Power of In-Memory Analytics for Real-time Risk - Then and Now

Allen Whipple, Co-Founder and Managing Director of Quartet FS joins Numerix CMO, Jim Jockle to discuss the evolution of risk technology. Allen draws on the significant enhancements and capital markets use case for real-time data visualization, re-aggregation and reporting in solving an entirely new set of analytical problems – from risk management and credit monitoring, to position keeping and Big Data aggregation challenges.

Allen also expands on Quartet FS ActivePivot’s support 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 and the value this can have within a real-time enterprise analytics engine.

Watch the Video: The Power of In-Memory Analytics for Real-time Risk - Then and Now

 

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Video Transcript: The Power of Continuous Aggregation for Real-time Risk

Jim Jockle (Host): Hi welcome to Numerix Video Blog I’m Jim Jockle, and welcome to a new series on the evolution of risk technology. Joining me today is Allen Whipple, founder of Quartet FS, and also founder of a system that many people that are watching are very familiar with, Summit, so welcome Allen and thanks for coming on today. 

Allen Whipple (Guest): Thanks Jim.

Jockle: Why don’t we just start very quickly with the elevator pitch around Quartet FS, people may not be familiar, so why don’t you set the table for this discussion.

Whipple: Absolutely, so Quartet FS is a software company focused on capital market in-memory analytical problems, so we effectively produce an in-memory OLAP engine, which is a multi-dimensional analysis component used to solve a whole series of continuous big data analytical problems, from risk management, to credit monitoring, to positioning keeping, etc.

FVA in Practice – Taking Classical Theory Further | Numerix Video Blog

Dr. Serguei Issakov, SVP & Global Head of Quantitative Research and Dr. Alexander Antonov, SVP Quantitative Research join Jim Jockle, Numerix CMO to discuss recent contributions to FVA (Funding Valuation Adjustment) theory and provide their insights from the recent Global Derivatives conference held in Amsterdam.

Dr. Antonov also discusses his presentation at the conference and new research on the funding valuation adjustment for general instruments, where he reviews the classical theory based on the work of Dr. Vladimir Piterbarg and proposes an efficient approximation to the FVA instead of a direct computation which achieves a must more practical implementation.

Numerix Global Derivatives Presentation: FVA for General Instruments, Alexander Antonov

Watch the video: FVA in Practice – Taking Classical Theory Further

  

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Video Transcript: FVA in Practice – Taking Classical Theory Further

Jim Jockle (Host): Hi welcome to Numerix video blog I’m your host Jim Jockle. With me today Dr. Serguei Issakov, and Dr. Alexander Antonov coming live via Paris, how are you gentlemen?

Alexander Antonov & Serguei Issakov (Guests): Good. Weathers fine!

Jockle: Excellent! So the topic of this week is the Global Derivatives Conference that just concluded in Amsterdam, and really one of the biggest most highly debated topics is around FVA and this debate has been ongoing for quite a while, but not seeing a lot of resolution especially as the role of funding in pricing. So a lot of panels were discussed, maybe perhaps you could just take a moment to share some the arguments that were being made at the conference.

The Tale of the Unclearable Trade - Managing Tail Risk with CVA

A new report authored by E. Paul Rowady Jr., Senior Capital Markets Analyst at TABB Group titled, "The Risk Analytics Library: Time for a Single Source of Truth" points to the market drivers and technical complexities behind achieving a unified view of risk, duly noting the $65 trillion in tail risk associated with unclearable swaps that will extend out another 30 years.

According to Satyam Kancharla, Numerix Chief Strategy Officer these bespoke hedges represent 12 percent of the OTC market and they touch a large group of market participants, yet much of this risk, including Counterparty risk, is poorly understood and often ignored. While quantitative metrics such as Credit Valuation Adjustment (CVA) can help, Kancharla tells TABB's Alex Tabb, only a handful of firms worldwide have implemented the process.

Watch the Video: The Tale of the Unclearable Trade

 

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Video Transcript: The Tale of the Unclearable Trade

Alexander Tabb (Host): TABB Group estimates that there are $65 trillion of tail risk still associated with uncleared swaps out in today’s market. That tail is going to extend for another 30 years. Where does that risk lie and how are folks managing it? I’m joined today by Satyam Kancharla, Chief Strategy Officer for Numerix. Satyam, where does this risk lie and what are people in the industry doing to manage it?

Satyam Kancharla (Guest): So Alex, this is the 12% of the OTC portfolio that’s outstanding. It is not cleared, it is not clearable. And in terms of where it lies, it lies both on the sell side and on the buy side obviously because all of these transactions are derivative transactions. They’re swaps typically, and they are in between, let’s say insurance companies and banks, or pension funds and banks, asset managers in some cases, corporates, and these are really the spoke hedges that have been put in place, in some cases they’re being put in place now. They’re long dated in nature. They’re very hard to clear, so you really have to manage them.

Tabb: Are folks managing it today? What’s the optimal mechanism for managing this much risk extending that far into the future?

Kancharla: What has been shown recently in the last several years is market risk is not the only risk you have. There’s counterparty risk, there’s funding risk, there’s liquidity risk, and these are the risks that are largely ignored at this point.

Counterparty Risk Takes Center Stage - Insights from Global Derivatives Trading and Risk Management Conference 2013

Risk took center stage at the 20th Annual Global Derivatives Trading and Risk Management Conference in Amsterdam according to Numerix Chief Strategy Officer Satyam Kancharla, who joins CMO and host James Jockle to discuss this year’s highlights.

From CVA and DVA to a major focus on Funding Value Adjustment ( FVA), Kancharla discusses how counterparty risk and back-office demands have evolved to drive much of this year’s agenda. He also explores key points from risk technology presentations on the rise of the Analytics Server and narrowly focused return of GPUs.

Numerix Global Derivatives Presentation: FVA for General Instruments, Alexander Antonov

Watch the video: Counterparty Risk Takes Center Stage - Insights from Global Derivatives 2013

 

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Video Transcript: Counterparty Risk Takes Center Stage - Insights from Global Derivatives 2013

Jim Jockle (Host): Hi welcome to Numerix video blog I’m your host Jim Jockle. Paris has its airshow, Detroit has its auto show, but in the world of Quantitative Finance, we have Global Derivatives, with me today fresh back from Amsterdam, Satyam Kancharla, CSO from Numerix. Welcome.  

Satyam Kancharla (Guest): Hi Jim.

Jockle: So as the showcase of quantitative finance, usually thematically it’s the presentation of the best and the brightest new models coming to market. Thematically it’s really been about volatility over the past couple of years. But really, risk has taken center stage ̶ namely around funding and the implications for derivatives. Tell us about some of the sessions that you were going in and how this event has really changed.

Kancharla: Yeah that’s so true. In the past several years what we’ve seen is a focus around modeling volatility, modeling correlation, modeling complex exotics, and so on. But what I have found this time, and as was the trend last year, there’s such a focus on CVA, DVA, Risk, as well as funding capital optimization, and collateral.

Gold, Volatility and Derivatives – Striking a Balance Between Fear & Greed

Numerix FX expert Udi Sela joins CMO and host James Jockle to discuss the sharp decline in gold prices – examining potential market drivers and the role derivatives have played.  Udi provides insight into the correlation between the options market and gold – and discusses the repercussions we’re seeing for some volatility products.

In the near term as gold begins to stabilize, Udi also explains the outlook for convertibles and other types of structures – like variance swaps and exotic derivatives and in summary discusses the potential implications for gold and volatility on second quarter results.

Watch the video: Gold, Volatility and Derivatives – Striking a Balance Between Fear & Greed

   

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Video Transcript: Gold, Volatility and Dynamic Derivatives Hedging – Striking a Balance

Jim Jockle (Host): Hi welcome to Numerix video blog I’m your host Jim Jockle. With me today FX expert, Udi Sela, Udi how are you Sir?  

Udi Sela (Guest): Thank you, everything well. Thank you.   

Jockle: Welcome back to the blog. Want to talk to you about gold. Gold plummeted to a two year low of U.S. $1,336 per ounce earlier this week and greatly reported by Christopher Whittall of IFR magazine, in a piece called Derivatives Fuel Violent Gold Swings, really want to drill down with you Udi on elements of the implications of derivative products. In the article there was a great quote by Jerome Bussiere, Global Head of Precious Metal Derivatives at HSBC, stating “the options market also exerted downward pressure on Gold, the binary nature of the gold options market means there are long periods of quiet, followed by sudden increasingly violent moves.” Can you give us a little bit of insight into the correlation between the options market and gold?  

Sela: Yes but they just need to explain a bit how it works. So in essence, gold has always been perceived as a tool against inflation, or is a safe investment, it’s almost better than putting dollars underneath your mattress. The difference is dollars underneath your mattress cannot go up, but gold could. Over the years it has been perceived that there’s a tool against inflation, because if all the different currencies are devalued, gold would retain its value. What happened was that since the subprime crisis, the gold has been perceived as a safe haven, and more and more people have been buying gold and actually this cycle had even started in the early 2000’s where gold traded at about $250 the lowest at one ounce, this was just after the central banks were selling gold, and with time gold kept on creeping higher and eventually it got to the levels of almost $2,000 an ounce.

FX Derivatives in Emerging Markets - Chilean Hedges and the Crisis | Numerix Video Blog

Research and backward glances around the 2008 financial crisis often reference dark points in the derivatives industry, but a recent Bank of International Settlements (BIS) Quarterly Review offers a bright note with a study of FX hedges use by Chilean corporations.

Compared to other emerging market economies, Chile fared better than many of its peers - both inside and beyond Latin America. Numerix FX expert Udi Sela joins CMO and host James Jockle to discuss this new research highlighting the role FX derivatives may have played in the liquidity and resilience of its corporates, economy and derivatives markets.

Watch the video: FX Derivatives in Emerging Markets - Chilean Hedges and the Crisis

 

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Video Transcript: FX Derivatives in Emerging Markets: Chilean Hedges and the Crisis

Jim Jockle (Host): A highlight has come out for derivatives usage in the Bank of International Settlements Report, as it relates to the use of FX hedges by the Chile to weather the storm through the Lehman Crisis, with me today, Udi Sela of Numerix, how are you Udi?  

Udi Sela (Guest): Thank you, nice being here Jim. Thank you.   

Jockle: Udi walk us through elements of the report. What was Chile doing in terms of hedging to recent market exposures?

Accounting for CVA across the Enterprise

Pete Travnicek Regional Sales Director of Numerix joins host and CMO Jim Jockle to discuss Eleanor Hill’s recent FX-MM article “CCR and CVA seeing things clearly” where they explore current trends and practices for Counterparty Credit Risk and the evolution of CVA across the enterprise. Pete and Jim address the role of collateral management in managing CVA and the challenges banks face in achieving a holistic view of risk and near real-time calculations.

Watch the Video: Accounting for CVA across the Enterprise

 

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Jim Jockle (Host): It’s Jim Jockle. Today talking about an article that just appeared in FX-MM written by Editor Eleanor Hill the title is called CCR and CVA seeing things clearly, and the basic summary is “Risk Management is increasingly becoming a strategic activity, as oppose to a back office burden,” and with me today to talk about that of Numerix is Pete Travnicek, Financial Engineer, and former Trader on a CVA Desk. Pete how are you today.  

Pete Travnicek (Guest): I’m doing great Jim, thanks.  

Jockle: Thanks for joining us. One of the things I want to drill down on in terms of this report is focus on a study done by Lepus and it was done on behalf of a software provider of SAS and one of the key findings within this study’s focus was only a mere five percent of respondents are capable of calculating CVA near real-time, and further twenty four percent were doing it intra-day. And seventy one percent were still evolving their plans. Given on your past experience, and what you’re seeing today, give us a bit of the history as it relates to the way CVA is being managed, as well as those barriers of entry intro achieving real-time.     

The Evolution of the Risk Manager - Insights from the GARP Convention and the Risk Landscape in the Nordics

Johan Stromberg Regional Sales Manager Nordics at Numerix joins host and CMO Jim Jockle to recap the 14th Annual GARP Annual Risk Management Convention held in New York City on March 12-13. Johan discusses key regulatory themes impacting today’s global capital markets and the changing role of today’s Risk manager; in addition to the increased focus on Counterparty Credit Risk and the complexity of CVA implementation. In conclusion, Johan expands upon the emergent derivatives landscape in the Nordics region – exploring how banks are managing CVA and leveraging model validation functionality to support regulatory requirements.

Watch the video: The Evolution of the Risk Manager - Insights from the GARP Convention and the Risk Landscape in the Nordics

 

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Video Transcript: The Evolution of the Risk Manager - Insights from the GARP Convention and the Risk Landscape in the Nordics

Jockle: Hi Welcome to Numerix Video Blog, I'm your Host Jim Jockle and joining me today from Sweden Johan Stromberg. Welcome.

Johan Stromberg (Guest): Thank you.  

Jockle: Johan heads up the Numerix Swedish Operations, servicing the Nordics and is also Head of the Swedish chapter of GARP, and you’re here with us this week here in New York City for the annual Global GARP Conference. Tell us thematically what have you been hearing over the last few days. 

Cloud Ready Financial Services - How Asian Banks, Hedge Funds and IT Roles Are Adopting and Adapting

In a recent AsiaRisk article, Asia Looks to Cloud Computing, Clive Davidson discusses how rapid growth in Asia has driven several banks, hedge funds and asset managers to pioneer the adoption of cloud infrastructure over investment in internal infrastructure. The article explores benefits and regulatory discussions now centered around the adoption of the cloud in financial services.

We explore some of the drivers for the growth of cloud in Asia with Mike Opal, Cloud Evangelist for Microsoft. He joins Numerix host and Chief Marketing Officer, Jim Jockle, to dig into how Asian banking infrastructure is being transformed by cloud adoption - as well as asset management firms and hedge funds - and the changing role of the IT professional in this cloud and data driven landscape.

Watch The Video: Cloud Ready Financial Services - How Asian Banks, Hedge Funds and IT Roles Are Adopting and Adapting

 

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Numerix Video Blog Transcript – Cloud Ready Financial Services - How Asian Banks, Hedge Funds and IT Roles Are Adopting and Adapting

Jim Jockle (Host): Hi welcome to Numerix Video Blog, I’m your host Jim Jockle. With me today, Cloud Evangelist from Microsoft, Mike Opal, Mike welcome back to the blog.

Economic Value Adjustment – The Intersection of CVA, FVA, OIS, & CSAs for OTC Derivatives

In this video blog, Tom Davis, Ph.D. Vice President of the Numerix Client Solutions Group joins Numerix CMO, Jim Jockle to discuss the historical context and interconnectivity between OIS discounting, cheapest-to-deliver, funding valuations adjustments, CVA, DVA, and CSAs – and why the entire Economic Value Adjustment is now critical for both buy and sell-side market participants to take into consideration.

Tom and Jim also explore the notion of risk in today’s market and regulatory environment. Though standardization implies simplicity, differing approaches to risk management and the valuation process are leading to increased complexity. This considered Tom discusses the primary risks both the buy and sell-side institutions are facing – and how they can best be managed through portfolio optimization and hedging.

Watch the Video: Economic Value Adjustment – The Intersection of CVA, FVA, OIS & CSAs for OTC Derivatives

 

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Jim Jockle (Host): Hi welcome to Numerix Video Blog, I’m your host Jim Jockle. With me today is Tom Davis, Ph. D. from the Numerix Client Solutions Group. Welcome Tom, how are you?

Tom Davis (Guest): Good, thanks. Thanks for having me Jim.

Jockle: So I want to take just half a second. We’ve been talking about webinars on our video blogs, on so many different topics but one thing that we really haven’t done yet is start to put it together and I really just want to talk in a high level in this video blog on when we think about things like OIS discounting, funding valuations adjustments, we threw CVA, DVA into the mix, we’ve been talking cheapest to deliver, we’ve been talking CSA’s and standardized CSA’s, for this audience, I think it’d be worth just taking a minute Tom, and give us the end to end connectivity on this. How does this all come together and why people should be really concerned?

Hybrid Models & Optimization Techniques for Real-Time Counterparty Credit Risk Exposures

Dr. Serguei Issakov, Global Head of Quantitative Research at Numerix , joins host and CMO Jim Jockle to discuss how Hybrid models can be leveraged in the real-time calculation of CVA, FVA and DVA computations and in terms of implementation – the types of optimizations financial institutions must consider in order to achieve real-time objectives, including the use of Factor models and Shared models.

Lastly, Dr. Issakov discusses the benefits of computing exposures for CVA by the exact same models used for pricing – resulting in greater mitigation of model risk and a very high level of accuracy for CVA computation.

Watch The Video: Hybrid Models & Optimization Techniques for Real-Time Counterparty Credit Risk Exposures

 

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Video Transcript: Hybrid Models & Optimization Techniques for Real-Time Counterparty Credit Risk Exposures

Jim Jockle (Host): Hi and welcome to Numerix Video Blog, I’m your host Jim Jockle. Joining me again, Dr. Serguei Issakov, Global Head of Quantitative Research at Numerix. Welcome Serguei.

Serguei Issakov (Guest): Thank you Jim.

Jockle: Wanted to continue our conversation regarding counterparty credit risk around a paper that was introduced at Risk USA, back in November of 2012, and in our last video blog we talked a little bit about the adoption of the modern approach for counterparty credit risk as well as calculating risk exposures for vanillas via super swap as well as structured products through the newly introduced algorithmic exposure so please, if you haven’t seen that post look back online and you can get the background on that.

But one of the things we talked Serguei, is hybrid modeling and the use of hybrid modeling. Could you for our viewers go into that a little bit more? What actually is a hybrid model? What is the importance of hybrid modeling and how does that effect calculations such as CVA, DVA, FVA etc.?

Issakov: Well for hybrid models, across worldwide hybrid models are important for counterparty risk. The requirements are that you have to account calculation between all asset classes. If you have equity, interest rates, FX, inflation, commodities in your portfolio, you have to account for calculations between all these (risks in your portfolio). 

The Buy-Side Impact: Cheapest-to-Deliver Collateral & the Valuation Process

In this video blog, Tom Davis, Ph.D. Vice President of the Numerix Client Solutions Group joins Numerix CMO, Jim Jockle to discuss collateral optimization and the valuation process – specifically exploring why managing CTD collateral and building these curves as part of the valuation process is so important for buy-side participants.

Davis discusses the industry challenge for the buy-side, in terms of collateral analysis and optimization, highlighting the primary market and regulatory drivers. Beyond collateral complexity, Davis stresses why CTD curve construction and collateral analysis is critical for the buy-side and the benefits CTD curve construction could bring to this side of the market.

Watch the Video: The Buy-Side Impact: Cheapest-to-Deliver Collateral & the Valuation Process 

 

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Video Transcript: The Buy-Side Impact: Cheapest-to-Deliver Collateral & the Valuation Process

Jim Jockle (Host): Hi welcome to Numerix Video Blog, I’m your host Jim Jockle. Joining me today, Tom Davis, Ph. D. from the Client Solutions Group, greetings Tom, how are you?

Tom Davis (Guest): Good, thanks. Thanks for having me Jim. 

The Futurization of Swaps – Dissecting the Debate

In this video blog, James Jockle, Numerix CMO, and Udi Sela, 20-year FX veteran and Vice President of Client Solutions summarize the current debate and market viewpoints resulting from the Commodity Futures Trading Commission’s  recent roundtable on the “Futurization of Swaps.” Our guest outlines the key stakeholders driving this debate and the position each player has taken.

The Futurization of Swaps- Dissecting the Debate

  

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Modern Approach to Counterparty Credit Risk: Algorithmic Exposure for Counterparty Risk & CVA Across All Asset Classes

Serguei Issakov, Global Head of Quantitative Research at Numerix , joins host and Numerix CMO Jim Jockle, to discuss his recent research on the modern approach to calculating counterparty risk, presented at the November 2012 RiskUSA conference and featured in two recent papers available on SSRN (vanillas and exotics).

Issakov discusses the modern approach to counterparty risk, known as the modeling approach, and contrasts how this new approach differs from the scenario approach traditionally applied in the market.  He will also introduce the concept of algorithmic exposure, along with the operational risk benefits to payoff language.

Watch The Video: Modern Approach to Counterparty Credit Risk

 

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Video Transcript: Modern Approach to Counterparty Credit Risk 

Jim Jockle (Host): Hi and welcome to Numerix Video Blog, I’m your host Jim Jockle. With me today, Dr. Serguei Issakov, Global Head of Quantitative Research at Numerix. Welcome Serguei.

Serguei Issakov (Guest): Thank you Jim.

Jockle: Serguei joining us to talk about a presentation that was given in November last year at Risk USA around the topic of counterparty credit risk, and one of the things that you discussed at this presentation was the introduction of really the modern approach for counterparty credit risk. Can you share with us what is that approach especially because so many people are thinking about it, and then what are other approaches in the market and why is Numerix following this approach?  

Issakov: Okay, basically there are two main approaches to counterparty risk currently in the market. One can be called the traditional approach which appeared, well long ago, and we call it the scenario approach. It consists of two steps. On the first step, you first generate scenarios, and then on the second step you evaluate the portfolio for counterparty risk to compute all exposures. But recently an approach appeared which is the modern approach. It appeared around 2010, and it’s based on, it can be called the modeling approach. It generates scenarios by using arbitrage free models, and the main components of that approach are hybrid models – because there is a requirement that all their correlations between all asset classes have to be incorporated when computing counterparty risk and you have to have hybrid models to do that. The second component of that approach is the universal Monte Carlo method that could be applied across all these hybrid models, and that method is American Monte Carlo methods, so these are the two components.

John Hull on the FVA Debate and Liquidity Risk in OTC Derivatives | Numerix Video Blog

Renowned academic and researcher in the fields of derivatives and risk management, John C. Hull, joins host Jim Jockle, to discuss the recent OTC derivatives industry debate around funding value adjustment, FVA, and the rising challenge of liquidity risk, LVA.

Hull presents both sides of the FVA debate as it has evolved, as well as develops FVA's relationship to other counterparty risk measures such as CVA and DVA. He also addresses the challenges involved in isolating and calculating liquidity risk, along with various proposed approaches.

Watch the Video: John Hull on the FVA Debate and Liquidity Risk
in OTC Derivatives

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John C. Hull is the Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management, University of Toronto, and the author of several industry standars, including Risk Management and Financial Institutions, Third Edition, as well as being perhaps best known in quantitative circles for the development of the Hull-White model.

 

Video Transcript: John Hull on the FVA Debate and Liquidity Risk in OTC Derivatives

Jim Jockle (Host): Hi Welcome to Numerix Video Blog, I'm your host Jim Jockle. With me today via Google+ is renowned quantitative researcher and academic John Hull. For those of you that don't know John, John is the author of several widely acclaimed books on derivatives and risk management, including the newly released third edition of Risk Management and Financial Institutions. Welcome John and thanks so much for joining us.

Using Cheapest-To-Deliver (CTD) Collateral for Accurate OTC Derivatives Valuation

In this video blog, James Jockle, SVP of Marketing, and Anna Barbashova, Business Analyst in the Client Solutions Group explore the embedded optionality of multi-currency CSAs and the challenges banks face in terms of collateral management and optimization. Anna identifies why CTD (Cheapest-to-Deliver) collateral is necessary, why cheapest isn’t always optimal and the benefits a CTD solution can bring to the otc derivative valuation process.

  

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Blog Transcript: Using Cheapest-To-Deliver (CTD) Collateral for Accurate OTC Derivative Valuation

Jockle (Host): Hi Welcome to Numerix Video Blog I’m Jim Jockle. With me today is Anna Barbashova from the client solutions group. How you doing Anna?

Barbashova (Guest): Hi Jim.

Jockle: A lot of people might know Anna by voice only and by papers from the Numerix webinar series we’ve been conducting on the past few months on OIS discounting. It’s great to have you on video today thank you for your time.

ICE Unveils Two New FX Futures Contracts: Examining the Market Impact

December 6, 2012

In this video blog, James Jockle, SVP of Marketing, and Udi Sela, 20-year FX veteran and
Vice President of Client Solutions discuss the launch of two new FX  futures contracts on Intercontinental Exchange Futures U.S. (ICE) – the Indian rupee/U.S. dollar and Brazil real/U.S. dollar. Udi elaborates on the rising importance of emerging economies and how ICE will benefit from bringing these particular pairs to market. Udi notes the implications for these currencies on collateral and the significant role they will play in the years to come.

 

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Blog Transcript: ICE Unveils Two New FX Futures: The Market Impact

Jim Jockle (Host): Hi and welcome to Numerix video blog I’m Jim Jockle your host, with me today Udi Sela, FX Expert and part of Numerix’s client solutions group here at Numerix good morning Udi how are you?

Sela: Jim, good to be here again.

Bursting with Opportunity: Financial Services in the Cloud

Recently Mike Opal, Cloud Evangelist for Microsoft, stopped by the Numerix offices and sat down with Numerix host Jim Jockle, Senior Vice President of Marketing, to discuss all things cloud as they relate to financial services - from managing big data and bursting for compute power to harnessing the hybrid cloud strategy, and the impact of regulations and risk management on cloud approaches.

Listen in as they discuss the evolving field of infrastructure as a service: Watch the Video.

 

 Numerix Video Blog Transcript – Bursting with Opportunity: Financial Services in the Cloud

Jim Jockle (host): Hi welcome to Numerix video blog, I’m Jim Jockle your host, and with me today Mike Opal, evangelist, cloud evangelist if you will, from Microsoft. Thank you for joining us.

Mike Opal (guest): Thanks for having me.

Jim: What is a cloud evangelist?

Racing to the Top: Numerix Sits Down with Stevan McAleer 2012 Playboy MX5 Cup Champion

In this video blog, Numerix Host James Jockle, SVP of Marketing interviews Stevan McAleer 2012 Playboy MX-5 Cup Champion. McAleer recaps his remarkable season and his triumphant win at this year’s Playboy Mazda MX-5 Cup, thanking Numerix for its continued support as one of his lead sponsors.

The 28-lap race featured 18 official lead changes amongst five different drivers, with McAleer’s No. 28 Blue Mercury Capital/Numerix/CJ Wilson Racing MX-5 averaging 93.728 mph in the 71.12-mile race. For a full recap of the race, all of the thrilling details can be found here.

 

Don’t forget to follow Stevan McAleer on Twitter @StevanMcAleer and online at www.stevanmcaleer.com/ to learn more about his exciting racing plans for 2013!

Managing the Optionality of Embedded CSAs

In this video blog, Numerix Host James Jockle, SVP of Marketing, and Satyam Kancharla, SVP of Client Solutions, explore the challenges of managing the optionality of embedded Credit Support Annex (CSAs)– including the potential valuation challenges surrounding this issue.  Jim and Satyam also discuss how organizations can optimize upon all the terms embedded in the CSA and ways to manage potential pricing challenges.

 
Numerix Video Blog Transcript – Managing the Optionality of Embedded CSAs

Jim Jockle (Host): Hi I’m Jim Jockle and welcome to Numerix video blog. With me again, Satyam Kancharla, SVP of Client Solutions Group

Kancharla (Guest): Hi Jim.

Jockle: Continuing our conversation, if you didn’t catch our last video blog, we talked about