Numerix Enriches Software Integration with MATLAB™

Numerix Enriches Software Integration with MATLAB™
14.09.2016 02:15 pm

Numerix Enriches Software Integration with MATLAB™

Derivatives and OTC Derivatives , Risk Management

 Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announces new details of its expanded software integration with MATLAB™. Through this integration, financial engineers, risk managers and analysts can now leverage the Numerix calculations to create fully customized, robust financial applications for pricing, modeling, risk managing and analyzing complex financial instruments.

The Numerix CrossAsset library comprised of the industry’s most comprehensive collection of models and methods and dynamic suite of Numerix CrossAsset pricing and risk analytics is now fully integrated with the MATLAB environment. MATLAB and Financial Instruments Toolbox™ leverage Numerix CrossAsset analytics enabling faster, more efficient model creation and analysis. The integration enables MATLAB users to price any conceivable derivatives instrument from within the MATLAB environment and leverage Numerix models for pre-trade pricing and XVA integrated pricing, market risk analysis and counterparty credit risk.  

“As pricing derivatives often involves intense computations our quantitative analysts have developed models and methods that have been optimized for speed and accuracy, enabling rapid calculations for even the most complex instruments,” said Steven R. O’Hanlon, Chief Executive Officer of Numerix. “As the industry’s most advanced mathematical software with deep roots in numerical computation, MATLAB is a strong and scalable partner. With our library fully leveraged in the MATLAB environment we are saving users time where they don’t need to build their own models from scratch. This enables faster time to market.”

As financial professionals continue to seek solutions to develop and implement increasingly complex financial models, analyze substantial volumes of data, and operate under regulation like FRTB, this partnership brings true efficiencies to the way quants and programmers are able to price and risk manage options, derivatives and structured products within their financial modeling and simulation applications.

“With an ability to access the Numerix CrossAsset library, financial professionals can use MATLAB to scale up their derivatives or structured product business with fully customized applications in a matter of days instead of weeks,” said Stuart Kozola, computational finance product manager at MathWorks. “The depth and breadth of Numerix models combined with MATLAB’s rapid application development and deployment capabilities provide unmatched business agility, allow our customers to spend more time creating innovative products and solutions.”

Related News

NRI and Mizuho Bank Complete Research Addressing Applications of AI in Eliminating Tedious Derivative Contract Procedures

Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, in collaboration with Mizuho Bank, Ltd., today announced the completion... Read more »

Trax Transforms Integration of CME Global Repository Services Into Insight Platform

Trax, a leader in providing of regulatory reporting, trade matching and capital market data services, has bolstered its strategic alliance with the CME by integrating the... Read more »

MainFirst Completed Migration To Torstone Inferno Platform

Today Torstone Technology, the leading provider of post-trade securities and derivatives processing, unveils that MainFirst, the independent German... Read more »

ThinkMarkets Growths Globally With Greek-Language Offer

ThinkMarkets, a London-based financial derivatives broker has extended its European reach through the launch of its Greek-language offering. The global provider of forex and... Read more »

Leading European bank selects CTC for greater financial and risk control

Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise... Read more »

AcadiaSoft Hub Named “OTC Infrastructure Service of the Year” by Risk

AcadiaSoft, Inc. has received Risk’s 2017 “OTC Infrastructure Service of the Year” Award for its AcadiaSoft Hub. The annual awards are the longest-running awards... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App