Apr 27, 2010

Powering Pre-Trade Analytics and Modeling

Yesterday, attendees at the A-Team Insight Exchange 2010 here in New York were witness to a lively and informative panel discussion on “Powering Pre-Trade Analytics and Modeling,” which included our own Satyam Kancharla, SVP - Client Solutions Management Group.

Grid Power + Excel Flexibility?
Among the items Mr. Kancharla highlighted was Numerix’s partnership with Microsoft HPC (grid computing) as a real-world working example. HPC technology has been successfully applied to portfolios containing several thousand Excel spreadsheet trades at a global insurance company as part of the firm’s pre-trade risk management process. The end result: taking a process that would have taken days, down to two minutes. Traditionally, analytics users have had to make a tradeoff between the flexibility of Excel and the performance and scalability of a custom gridding solution. What’s unique about the Numerix Excel/HPC solution is that users get both.

Counterparty Credit
Risk management also took center stage, with the importance of Counterparty Valuation Adjustments (CVA) and Monte Carlo simulations in the pre-trade process. To do CVA, firms need a solution that is flexible and scalable. 

In the end, all panel participants agreed that pricing analytics and software as a service (SAAS) were poised for continued growth, with service and vendor firms standing to gain increased revenues from the SAAS value proposition.

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