Asia Awards 2026: Best analytics solution—Numerix

Overview

Oneview for Market Risk provides enterprise- and desk-level analytics for value at risk (VaR), sensitivities, and self-service stress testing, with full revaluation profit-and-loss (P&L) explainability and VaR back-testing. It enables risk and trading teams to analyze drivers, validate the effectiveness of hedges, and assess exposures across linear and structured products. Built on a cloud-native software-as-a-service (SaaS) architecture with a dependency graph compute model, Oneview for Market Risk delivers on-demand, scalable calculations and what-if analysis to support faster, data-driven decisions.

The solution  

Oneview for Market Risk enables risk managers to define ad hoc or historical scenarios, run full revaluation VaR and stress tests, and compare results side-by-side without IT support. Its dependency graph propagates shocks only to affected risk factors, accelerating complex revaluations. VaR back-testing and factor-level P&L decomposition reveal model performance and hedge effectiveness, while comparative what-if views support pre-trade analysis and rapid response to market volatility.

Secret sauce  

Numerix cites three key differentiators within Oneview for Market Risk:

• Self-service stress testing for exotic and structured books
• Full revaluation P&L explainability directly tied to risk factors
• An intelligent dependency graph that accelerates revaluation and reduces time to insight, delivered through cloud-scale SaaS
• Together, these capabilities transform complex market moves into auditable, decision-ready analytics, linking VaR, stress testing, and hedging within a single, unified workflow.

Recent milestones

• Enhanced analytics: Launched VaR back-testing dashboards, introduced full revaluation P&L decomposition, and released support for securities lending, securities finance and structured finance.
• Architecture improvements: Reengineered MCVaR on NxCore Python to reduce technical debt, modularize components, and increase automated testing, thus shortening release cycles. Added production HVaR endpoints and versioned domain APIs with observability to support AI integrations.
• Adoption boost: Introduced comparative VaR analysis for daily risk reviews and embedded a documentation-as-code framework within Oneview to streamline onboarding.

Future objectives

Numerix will:

• Develop a unified UX: Integrate VaR, sensitivities and stress testing into a single interface while refining analyst workflows through targeted UX research.
• Expand its library: Incorporate NxCore Analytics Services (NAS), a cloud-based calculation engine and additional structured finance calculations into Oneview Market Risk, and enhance NAS and NxCore Python services to strengthen client integrations.
• Focus on efficiency: Reuse simulated paths to reduce compute costs, introduce pre-packaged historical scenarios and evaluated VaR methodologies to improve performance.

Why they won

Numerix has enjoyed considerable success in these and other WatersTechnology awards over the years, thanks to its Oneview for Market Risk offering, which has yet again delivered the goods for the New York-based risk specialist in the most competitive category of this year’s WatersTechnology Asia Awards. A perennial challenge for buy-side firms and the risk teams sitting within them centers on understanding and explaining market risk in real time, particularly across complex portfolios comprising esoteric instruments. Numerix wins this category on the back of an impressive offering built on a cloud-native SaaS architecture, designed to allow users to run full revaluation VaR, sensitivities and stress tests on demand, without having to rely on IT support. Oneview for Market Risk’s intelligent dependency graph model accelerates calculations by targeting only affected risk factors, while full P&L explainability (transparency and auditability) and back-testing functionality provide users with critical insight into the performance of their models and the effectiveness of their hedges. Numerix emerged top in the best buy-side risk management product of the 2025 BST Awards. Who would bet against the firm repeating that victory again in November this year?