Numerix and PO Capital Markets Partner on Next Generation OTC Swap Network

New Initiative will Enable Real-time Trading and Processing of Interest Rate Derivatives

New York, NY & Sydney, Australia, July 13, 2021

Numerix, the leader in risk technology, today is very proud to announce a new partnership with next generation OTC swap network, PO Capital Markets Pty Ltd. Underpinned by a fully automated electronic trading platform offered by PO Capital Markets, and the advanced pricing and analytics capability backed by Numerix, the partnership will offer market participants a truly unique swap broking solution using innovative technology to provide clients with real-time trading in interest rate derivatives. Initially focusing on Australian and New Zealand products traded in Australasian financial centers, PO Capital will also be expanding to London in the coming months to provide 24-hour coverage of these products.

PO Capital provides clients with a unique service solution enabling real-time trading in interest rate derivatives with fully automated post-trade capabilities, aligned to pricing and analytics to support necessary compliance and regulatory requirements now and in the future. Automation and advanced analytics supported by Numerix gives users a competitive edge enabling full visibility into each stage of the trade lifecycle, instant audit trail and real-time quantitative market insights.

“Our new and disruptive technology coupled with leading-edge pricing and analytics provided by Numerix enables trading functionality at a speed of execution that will revolutionise the interest rate derivatives market,” said William Parry-Okeden, MD of PO Capital Markets. “With well-known illiquidity issues in the Australian and New Zealand markets, we recognized an opportunity to create an alternative way to execute OTC Swaps and provide better trading outcomes for market participants. As a result, we offer a unique swap platform which delivers increased profitability, increased liquidity and reduced operational and compliance risk. Additionally, our hybrid voice electronic brokerage model also enables greater liquidity and rapid trade execution and clearing utilising the same architecture as the pure electronic platform, reducing transactional costs and trade risk for our clients.”

Steve O’Hanlon, CEO of Numerix added, “Designed to support the seamless trade execution and post trade transparency demanded by today’s market, and backed by Numerix analytics through our collaboration, PO Capital Markets provides the market with an alternative to traditional voice broking using innovative technology and automation.” He continued, “Numerix not only supports clients with quantitative analytics and insights, but also provides the real-time data needed to give users an instant advantage over their competitors. Created with technology at its core, we’re proud to partner with PO Capital Markets as they strive to bring further efficiencies and greater regulatory reporting ease to the OTC brokerage landscape, and our shared client base.”

About PO Capital

PO Capital Markets is a financial services company leveraging next generation agile technologies to enhance efficiencies and cost savings for trading books. In order to meet the full service needs of our clients, PO Capital Markets also provides comprehensive pre and post-trade pricing data and analytics designed to provide the most comprehensive information necessary to react to the latest fluctuations in the financial markets , thus mitigating risk and potential loss of profits. Its focus on technological efficiencies through the trade cycle will improve post trade compliance and regulatory requirements.

About Numerix

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more about Numerix:

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