Razor Risk to Leverage Numerix Risk and Pricing Model Library for
Enterprise-wide Risk Management
NEW YORK, June 25, 2013 /CNW/ - Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives
valuations and risk management, and TMX Group's technology business,
TMX Technology Solutions today announced a collaborative partner
agreement. TMX Group's Razor Risk technology, a fully integrated
Enterprise Risk management product, will leverage Numerix's
comprehensive library of industry standard, market tested risk and
pricing models within its solutions for Credit Risk, Market Risk and
Economic Capital management. Together, Razor Risk with Numerix
analytics will provide additional support to clients with highly
complex derivatives, and enable accurate risk management across the
enterprise.
Global financial regulations continue to drive demand for advanced risk
functionality - mandating significant requirements under Basel and
Solvency II for aggregate risk analysis, Credit Value Adjustment (CVA)
calculation, collateral and Economic Capital management as well as PFMI
and LSOC requirements. Transparent, accurate models and sophisticated
methodologies with full breadth of function, combined with superior
performance are necessary to stay competitive, profitable and maintain
international regulatory best practice principles. Numerix and Razor
Risk see a valuable market opportunity to work with variety of
stakeholders within a single firm, providing a holistic solution for
Enterprise Risk management.
Achieving a Holistic Viewpoint of Risk
"Financial institutions continue to face challenges as the pace of risk
management continues to accelerate. In today's market, clearing
houses, stock exchanges, brokerages and banks must comply with evolving
regulatory requirements while learning to manage shifting market
conditions globally," said Steven R. O'Hanlon, Chief Executive Officer
& President of Numerix. "We're excited to work with Razor to provide
sophisticated risk modeling and advanced analytics along with its
functionality for economic and regulatory capital requirements,
real-time Credit and Market risk information and a firm-wide assessment
of risk."
"With the proliferation of risk and regulatory change, firms require the
ability to manage multiple-risks across asset classes. The market now demands an
integrated analysis of Market, Credit and Liquidity Risk within a
single application," said Richard Simon, Vice President of TMX
Technology Solutions. "Through this partnership, Razor's best-practice
risk management solution is further enhanced by Numerix analytics and
model strength - delivering a more agile solution to customers with
faster implementation. With Numerix's library of cross-asset valuation
and risk models, Razor can extend its core functionality to meet
broader front office needs. We look forward to executing on our
partnership as we seek to solve the industry's most complex risk
challenges."
About Numerix
Numerix is the award winning, leading independent analytics institution
providing cross-asset solutions for structuring, pre-trade price
discovery, trade capture, valuation and portfolio management of
derivatives and structured products. Since its inception in 1996, over
700 clients and 75 partners across more than 25 countries have come to
rely on Numerix analytics for speed and accuracy in valuing and
managing the most sophisticated financial instruments. With offices in
New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong,
Singapore, Dubai, South Korea, India and Australia, Numerix brings
together unparalleled expertise across all asset classes and
engineering disciplines. For more information please visit www.numerix.com.
About TMX Group
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses for multiple asset classes including equities, fixed
income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX
Select, Alpha Group, The Canadian Depository for Securities, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers,
Equicom, Razor Risk and other TMX Group companies provide listing
markets, trading markets, clearing facilities, depository services,
data products and other services to the global financial community. TMX
Group is headquartered in Toronto and operates offices across Canada
(Montreal, Calgary and Vancouver), in key U.S. markets (New York,
Houston, Boston and Chicago) as well as in London, Beijing and Sydney.
For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TMX Group Inc.
