Quartet FS’ ActivePivot provides Numerix CrossAsset Server with Real-Time Aggregation for a Front-to-Back Integrated Risk & Pricing Analytics Solution

New York, NY – May 14, 2013 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced a partnership agreement with Quartet FS (www.quartetfs.com), a leading provider of in-memory analytics technology. This partnership is designed to support the instant analysis, aggregation and visualization of large volumes of complex and dynamic data for derivatives valuation, Market Risk and Counterparty Credit Risk calculations within Numerix’s real-time enterprise analytics engine Numerix CrossAsset Server.

As a centralized calculation engine for real-time risk and pricing analysis, Numerix CrossAsset Server extends the rich features of Numerix CrossAsset – the widest commercially available library of market standard valuation and risk models – into a dedicated grid or cloud-based server platform that both buy-side and sell-side firms can use to compute pre-trade pricing, Mark-to-Market, Greeks, sensitivities, cashflows as well as Market Risk and Counterparty Credit Risk measures. In addition, a Python based Rapid Application Development (RAD) workbench supports development of bespoke analytics and reporting.

The Power of Continuous Aggregation for Real-time Risk Capabilities

Numerix CrossAsset Server will leverage Quartet FS's powerful in-memory analytical engine, ActivePivot, as a continuous aggregation tool to enable real-time visualization, what-if analysis and reporting capabilities for CrossAsset Server outputs. These outputs often include Mark-to-Market and Greeks reports as well as the slice and dice of Credit Valuation Adjustments (CVA), Potential Future Exposure (PFE) and Monte Carlo Value-at-Risk (MC VaR) with forthcoming capabilities for Incremental CVA/PFE, CVA Sensitivities, pre-trade limit checks and Initial Margin calculation. An instant view of CVA and its Sensitivities will allow users to hedge more effectively against credit exposure and anticipate the potential impact of any trade.

ActivePivot allows business users to extract meaningful information from large amounts of fast-moving data. Going beyond traditional BI or OLAP solutions which are bound by latency, ActivePivot provides real-time business intelligence for immediate decision making, when and where it is needed.

“We’re excited to integrate ActivePivot into our workflow for CrossAsset Server, enabling the multi-dimensional analysis and continuous aggregation of complex sets of disparate scenario results to achieve real-time re-aggregation, visualization and data monitoring on the fly – including the drill-down, slice and dice of risk data and complex CVA computations,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “The ability to analyze and collaborate in real-time to make timely decisions based on user-defined rules and what-if analyses will empower traders and risk managers to compete effectively in today’s volatile market and regulatory environment. This partnership is also an advantage, considering the ever growing complexity surrounding the management of intricate sets of analytics and rationalizing the cost of ownership.”

“Regulatory pressures have forced firms to adapt and modify internal analytics reporting. ActivePivot represents the solution to an entirely new set of analytical problems – from risk management and credit monitoring, to position keeping and Big Data aggregation challenges,” said Allen Whipple, Co-Founder and Managing Director of Quartet FS. “The power of CrossAsset Server enables the parallel calculation of risk and valuation metrics enterprise-wide. With ActivePivot it can now aggregate and display those outputs in a multi-dimensional layout, providing detailed analysis for margin, risk calculations and pre-trade assessment in milliseconds. This is a notable improvement given the hours it would normally take to produce these kinds of calculations.”
 

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 Quartet FS
Quartet FS provides organizations with instant insight into their operational processes for timely and context-aware decision-making. Quartet FS's analytical in-memory technology, ActivePivot, brings analytical capabilities into data-intensive and time-sensitive business processes including risk management, supply chain management, compliance and CRM. ActivePivot uniquely allows business users to produce, analyze and monitor complex performance indicators in real-time and to extract actionable intelligence from massive amounts of complicated and fast-moving data. Quartet FS, founded in 2005, is a privately owned company with offices in Paris, London, New York, Hong Kong and Singapore. It serves customers in various industries including, but not limited to financial services, logistics, transportation, market exchanges and retail. For more information please visit: www.quartetfs.com.


Numerix Media Contact
Emily Ahearn
Director of Public Relations
Phone: 646 898 1294
Email: eahearn@numerix.com

Quartet FS Media Contact
Grace Keeling
Hotwire for Quartet FS
Phone: + 44 207 608 8350
Email: grace.keeling@hotwirepr.com

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