Cross-asset analytics provider Numerix has teamed up with CameronTec Group for an integrated pricing and risk calculation engine for FIX technology and enablement, according to a Numerix company statement.
Numerix provides a variety of cross-asset analytics for derivatives valuations, Forex and risk management – the firm expanded operations to Brazil earlier this year, while also partnering with a Turkish firm to expand its Forex offering there. Conversely, CameronTec Group is a financial messaging solutions firm that caters to the capital markets industry. The group will integrate Numerix’s CrossAsset platform to provide advanced risk metrics and derivatives valuations for clients.
Fully Integrated CrossAsset Platform
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The CrossAsset platform by Numerix is a comprehensive tool that provides desk and portfolio level pricing, risk aggregation, revaluation, and optimization for a multitude of global clients.
According to Steven R. O’Hanlon, Chief Executive Officer and President of Numerix, in a statement on the new partnership, “This partnership has enabled us to enhance CrossAsset functionalities with a highly adaptive and totally integrated FIX environment, helping us to further address the cross-functional needs of regional and global banks. In the first deployment of this solution the transparent model and pricing architecture of Numerix CrossAsset is being utilized in conjunction with CameronTec FIX technology to satisfy the real-time demands of the face paced, front-office trading environment. Built on its enterprise server technology for future scalability, dynamic model building across this institution’s entire system is now achievable in less than 10 seconds. I look forward to our close collaboration with CameronTec and continued success as they join our global partnership program.”
“Through our integration with Numerix CrossAsset, we’ve extended client facing connectivity based on our industry standard protocol even further, establishing automated and standardized client connections – underpinned by Numerix’s powerful platform for integrated risk and pricing analytics. As a result of our partnership we have not only introduced technology to optimize an otherwise inefficient process, but have expanded the applicability of our product to solve evolving business needs. We’re proud of our work together and look forward to addressing even greater segments of the market,” added Anders Henriksson, CameronTec’s Chief Executive Officer.