Software provider launches dfferentia for buy- and sell-side institutions.
Dion Global Solutions has launched a new hosted pricing, valuation and multi-asset class risk management tool for buy and sell-side institutions.
Numerix's CrossAsset analytics are integrated into dfferentia, which provides accurate and efficient pricing of over-the-counter (OTC) derivatives, according to Ralph Horne, global CEO and managing director of Dion.
"We have seen the market really struggle with the valuation of OTC derivatives, but with calls for transparency and a move towards central clearing, struggling is not an option," he says. "To have any accurate assessment of holdings and exposures, and for risk to be properly managed, firms need a process they can rely on. The continued market uncertainties, increased regulatory oversight and constant evolution of new instruments and structures require market participants to be able to accurately price and manage risk emanating from OTC financial products."
We have seen the market really struggle with the valuation of OTC derivatives, but with calls for transparency and a move towards central clearing, struggling is not an option.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails