Provider of cross-asset analytics for derivatives valuations and risk management Numerix has teamed up with CameronTec Group, a provider of financial messaging infrastructure and tools for the capital markets industry, to integrate Numerix CrossAsset pricing and risk calculation engine with CameronTec FIX technology.
CameronTec Catalys FIX Protocol Enabler works with Numerix CrossAsset analytics as a FIX HUB for request for quote (RFQ) from customers. When a quote request is received, the Numerix engine translates the message and builds complex multifactor models to price the product in fractions of a second.
Front-office traders will be provided with the price as it’s converted into the quote FIX message and returned back to the client.
“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,” said Steven R. O’Hanlon, Numerix’s chief executive. "In the first deployment of this solution the transparent model and pricing architecture of Numerix CrossAsset is being utilised in conjunction with CameronTec FIX technology to satisfy the real-time demands of the fast-paced front-office trading environment.”
Built on Numerix’s server technology for future scalability, dynamic model building across this institution's entire system is now achievable in less than ten seconds, said O’Hanlon.
As a real-time enterprise analytics platform, Numerix CrossAsset provides global desk and portfolio-level pricing, risk aggregation, revaluation, simulation and optimisation. The Numerix analytics engine provides an open architecture for easy integration, the flexibility of customisation and a scalable design for handling large volumes of complex trade and market data. Powering this flexible analytics platform is the industry’s most comprehensive model library.
Anders Henriksson, CameronTec's chief executive, said that through the integration with Numerix CrossAsset the firm has extended client facing connectivity.
"As a result of our partnership we have not only introduced technology to optimise an otherwise inefficient process but have expanded the applicability of our product to solve evolving business needs," he said.