Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, along with Orchestrade Financial Systems, providers of middle office operations and risk management solutions to alternative investment management firms, today announced their partnership to offer integrated access to Powered by Numerix™ pricing and risk analytics within the Orchestrade trading and risk platform.
Partnership enables Orchestrade clients to manage risk and operations on a single platform using Numerix CrossAsset pricing models and risk analytics.
Through the partnership, hedge funds and asset management firms can manage business events for all asset types from a single platform. Orchestrade clients can now leverage the full suite of Numerix models to price newly structured products and generate yield curves or volatility surfaces for every asset class from vanillas to exotics. The Orchestrade Positions, Risk and Processing engines can also be integrated seamlessly with Numerix pricing and analytics in such functions as P&L Attribution, Scenario Analysis or Value-at-Risk.
“The ability for hedge funds and asset management firms to manage their business holistically from a trading and risk perspective is fundamental to a strong risk management framework,” said Steven R. O’Hanlon, President and COO, Numerix. “We are pleased to be the backbone for OTC derivatives analytics that Orchestrade relies on to deliver the scalable architecture and singular risk focus their clients need to support a prudent and growing business.”
“Orchestrade was designed from the ground up to be a true cross-asset software platform for the banking, hedge fund, asset management and treasury industries,” said Orchestrade VP, Business Development, Richard Ferrari. “Through this partnership Orchestrade clients will have a single, scalable platform that is not only faster to deploy but also less costly to license and maintain. It can grow with their business to handle increased volumes and new asset classes in response to ever changing market requirements.”