Xenomorph, Numerix Pair on Derivatives Trade Pricing

The providers of data management and derivatives valuation analytics say users of Numerix's Portfolio solution will now have integrated access to Xenomorph's TimeScape system, forming a complete risk management function.

TimeScape's proprietary data model will be enabled to streamline a variety of processes for complex market data across assets managed within Portfolio, which develops information for pricing and hedging in OTC instruments. As a result, users will face decreased operational risk and have a more consistent view of risk to offer their own clients, as well external authorities.

"Recent joint successes required Numerix and Xenomorph to work in tandem to address highly complex Basel III Internal Models Approach (IMA) requirements. This could only be achieved through TimeScape ensuring data accuracy, consistency, and a full audit trail of how data was derived or calculated for regulatory compliance," says Naj Alavi, managing director, Xenomorph.

Steven O'Hanlon, COO and president at Numerix, likewise sees the partnership as mutually beneficial. "With Numerix, users have the ability to consolidate trades and positions from multiple source systems on to a single platform, and together with Xenomorph's applications for data management and normalization, deliver a powerful technology for complete analytics and data management," he says.