overview

The CrossAsset SDK (Python, C#, C++, or Java) empowers users to easily integrates Numerix’s industry-standard pricing and risk analytics library into any proprietary or third-party systems and non-programmatically extend CrossAsset with custom interfaces, new models and business logic. 

Designed for Continually Evolving Capital Markets

Numerix CrossAsset SDK was designed with agility and innovation in mind. Users can define any bespoke custom instrument—and keep on top of innovations in capital markets by leveraging the strength and simplicity of the Python ecosystem.

Using Python as our standard scripting language, traders, quants, and risk managers are able to test and deploy new models and products more efficiently and be up and running in no time. Developing bespoke applications with CrossAsset SDK is also simpler and more reliable leveraging sophisticated Python IDEs with debuggers. With a few simple lines of Python code, users can seamlessly price derivatives, compute sensitives and aggregate the results quickly and add the trade into programs and systems built with the SDK without the need for recompiling the code. 

 

capabilities

Leverages Models in Existing Systems

 

Leverage Numerix market-tested pricing and risk analytics library in existing systems across the full trading and risk lifecycle.

Extends Production Platforms

 

Easily extend production platforms’ deal coverage across asset classes, including exotic derivatives and structured products.

Enables Consistent Valuation Platform

 

Facilitates consistent pricing and valuation methods across the entire enterprise.

Advanced Risk Analysis and Reporting

 

Supports a more holistic approach to risk, enabling advanced risk analysis and reporting.

No Recompiling   The CrossAsset Integration Layer API allows new trades to be added into programs and systems built with the CrossAsset SDK without the need for recompiling the code.

Enhanced Integration

 

Users can integrate a wide range of custom applications, such as visualization and master data management tools.

Supported By Numerix Experts    Our developers and financial engineers can work with your team to provide further customization, including bespoke instruments, valuation methods and custom reporting features.

Scalability

 

Enables complex calculations for valuations and risk to be scaled using cloud computing resources such as AWS.

Benefits & Features
  • Empowers Users and Partners to Non-programmatically Extend Numerix CrossAsset

The Numerix CrossAsset Integration Layer provides a data-driven interface that empowers users and partners to non-programmatically extend CrossAsset with custom interfaces, new models and business logic.

  • Leverages the Strength of the Python Ecosystem

CrossAsset SDK uses Python as its scripting language for describing the mechanics of a deal or structure giving users access to the vast Python ecosystem. This results in a simpler development process and better performance. 

  • Enables a Path to Standardization Across the Enterprise

Pre-defined templates of validated financial instrument definitions, models and curves or custom templates can be easily and independently defined via the Integration Layer, extending deal coverage across asset classes.

  • Improves Control Over Model Risk Management 

Through the rapid integration of new financial instrument types and  models, and the reuse of definitions across various technology platforms, Numerix CrossAsset Integration Layer enables improved control over model risk management and supports product control functions by allowing only authorized individuals to edit and publish new financial instrument types and models.

  • Path to Standardization  

By using our Model API to bring in your proprietary "in-house" models, the CrossAsset SDK paves the way for a true "single-source of truth" system for structuring, pricing, and risk management of derivatives and structured products – including hard to price exotic derivatives.

  • Mitigates Model Risk with Instant Model Validation 

As traders and quants develop and price new instrument types, they can compare results from proprietary models alongside the market-standard models provided by Numerix, reducing time-to-market for new instrument types and satisfying internal risk controls and regulatory requirements.

  • Well-Define Mechanism for Creating New Templates

Users can easily create their own templates – interfaces that encapsulates the instructions required parameters to make specific pricing and risk calculations – using Python and add them to an existing application that uses CrossAsset Integration Layer

Additional Resources
Product Collateral
Numerix Models and Instruments Library: Access Models for All Major Assets Classes,...
Product Collateral
Numerix CrossAsset Fact Sheet
Product
CrossAsset XL: Rapidly Structure, Price and Manage Risk for Any Derivative

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