Hungarian Bank Selects Numerix CrossAsset Analytics Platform for Pricing Complex Structures and Model Validation
Numerix, a provider of cross-asset Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term for derivatives valuations and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term today announced that OTP Bank PLC, a leading bank in the Central & Eastern European countries has selected the Numerix CrossAsset analytics platform to support its derivatives analytics capabilities extending its expertise across the bank. Numerix CrossAsset provides users with unprecedented flexibility for structuring, pricing and managing any instrument type including complex derivatives and structured products.
Selected for its independent library of market-tested pricing models and comprehensive instrument coverage, OTP Bank is able to leverage the flexible and transparent analytics architecture of CrossAsset for model validation, pricing complex derivatives and drilling down to comprehensive pre- and post-trade risk analysis, including Greeks, scenarios and stress testing.
"Numerix CrossAsset is a highly flexible tool, which provides us with complete model coverage in all relevant asset classes. CrossAsset enables insight into the risk of structured products, and improves our ability to provide more reliable mark-to-market prices for these instruments,” said Mr. Krisztian Kovacs, Head of Middle Office at OTP Bank. “Furthermore with the help of Numerix CrossAsset we now have the tools needed to assess model risk and reduce operative risks in complex financial products. We can validate prices on structures helping to improve profitability and produce fully transparent reporting."
"As one of the leading banks in CEE, OTP prides itself on its dynamic growth and market leadership. With Numerix, OTP can further be seen by market participants and customers throughout the region as an innovator and sophisticated user of exotics, substantially improving its overall value proposition going forward,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “OTP operates a diverse range of banking operations, and we’re privileged to have such a prominent player recognize CrossAsset as the solution capable of meeting its needs. This is an important win for us in the region, further solidifying our status as the standard for cross-asset pricing analytics."
Nick Haining, Managing Director EMEA at Numerix continues: "We’re proud to announce such a significant addition to the growing list of financial institutions across Central and Eastern Europe utilizing Numerix cross-asset analytics. As local banks throughout the region seek to accommodate evolving market dynamics, Numerix is able to bring consistency to the portfolio and model valuation process helping users to enhance their pricing and risk infrastructures across the entire enterprise."
Numerix, a provider of cross-asset Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term for derivatives valuations and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term today announced that OTP Bank PLC, a leading bank in the Central & Eastern European countries has selected the Numerix CrossAsset analytics platform to support its derivatives analytics capabilities extending its expertise across the bank. Numerix CrossAsset provides users with unprecedented flexibility for structuring, pricing and managing any instrument type including complex derivatives and structured products.
Selected for its independent library of market-tested pricing models and comprehensive instrument coverage, OTP Bank is able to leverage the flexible and transparent analytics architecture of CrossAsset for model validation, pricing complex derivatives and drilling down to comprehensive pre- and post-trade risk analysis, including Greeks, scenarios and stress testing.
"Numerix CrossAsset is a highly flexible tool, which provides us with complete model coverage in all relevant asset classes. CrossAsset enables insight into the risk of structured products, and improves our ability to provide more reliable mark-to-market prices for these instruments,” said Mr. Krisztian Kovacs, Head of Middle Office at OTP Bank. “Furthermore with the help of Numerix CrossAsset we now have the tools needed to assess model risk and reduce operative risks in complex financial products. We can validate prices on structures helping to improve profitability and produce fully transparent reporting."
"As one of the leading banks in CEE, OTP prides itself on its dynamic growth and market leadership. With Numerix, OTP can further be seen by market participants and customers throughout the region as an innovator and sophisticated user of exotics, substantially improving its overall value proposition going forward,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “OTP operates a diverse range of banking operations, and we’re privileged to have such a prominent player recognize CrossAsset as the solution capable of meeting its needs. This is an important win for us in the region, further solidifying our status as the standard for cross-asset pricing analytics."
Nick Haining, Managing Director EMEA at Numerix continues: "We’re proud to announce such a significant addition to the growing list of financial institutions across Central and Eastern Europe utilizing Numerix cross-asset analytics. As local banks throughout the region seek to accommodate evolving market dynamics, Numerix is able to bring consistency to the portfolio and model valuation process helping users to enhance their pricing and risk infrastructures across the entire enterprise."