Asia Awards 2023: Best risk management platform—Numerix

Overview

Oneview is a cloud-native software-as-a-service (SaaS) platform that provides real-time market risk analytics, including what-if analysis, value-at-risk (VaR) calculations, advanced historical and Monte Carlo VaR, and stress testing. Its hybrid modeling generates consistent market scenarios while accounting for asset-class correlations. Oneview’s cloud-native architecture offers user firms scalability, elasticity, and cost savings. It also supports regulatory requirements like the standard initial margin model (Simm) and Fundamental Review of the Trading Book (FRTB), making it suitable for financial institutions facing regulatory and market risk challenges.

The solution

Oneview provides users with a view of risk at different aggregation levels across the organization. Its analytics capabilities allow for drill-down capabilities to manage and explain risk, while also driving regulatory calculations to optimize capital requirements. Today, clients need a cost-effective, cross-asset solution enabling real-time decision-making in turbulent markets. It is also cloud-native and scalable, allowing organizations to focus on strategic value.

Secret sauce

Oneview embodies Numerix’s “front-to-risk” vision. It combines cloud-native benefits and the firm’s CrossAsset analytics, allowing clients to price manage any capital markets product accurately in real time. All Oneview’s functionality can be delivered as a managed service, offering clients additional cost savings and operational flexibility. 

Recent milestones

Over the past year, Numerix has added the following enhancements to Oneview: 

• Added P&L explainer report, augmented the lifecycle management functionality, while enhancements to the platform’s request-for-quote (RFQ) functionality means it now supports the structured products secondary market
• Improved user interface (UI) for optimized decision-support
• Expanded market data service (NxDM) and automation (mostly around deployment and notifications)

Future objectives

Upcoming enhancements include: 

• Expanding risk-based P&L attribution functionality to include the full revaluation/roll-based methodology
• Developing asset and liability management (ALM) dashboards for asset managers to compare asset and liability sensitivities (Greeks) for hedging purposes
• Transitioning to Tableau for improved usability and adding what-if/pre-trade analysis capabilities
• Adding a machine learning framework for anomaly detection and data imputation

Why they won

Numerix wins the best risk management platform category in this year’s WatersTechnology Asia Awards thanks to its Oneview offering, following up its win in the best analytics solution category last year. Oneview, Numerix’s cloud-based flagship product, supports real-time market risk analytics, value-at-risk (VaR) calculations, advanced historical and Monte Carlo VaR, and stress testing, allowing users to accurately and transparently price and manage the risk exposure around any capital markets product in real time.