Numerix, CameronTec Partner for Structured Products RFQ System

Numerix's CrossAsset pricing and risk calculation system is integrated with CameronTec's FIX-based Catalys technology under the partnership, in which a quote request instigates a series of model builds within the engine, returning a price to the trader rapidly.
"This partnership has enabled us to enhance CrossAsset functionalities with a highly adaptive and totally integrated FIX environment, helping us to further address the cross-functional needs of regional and global banks," says Steven R O'Hanlon, president and CEO at Numerix. "In the first deployment of this solution the transparent model and pricing architecture of Numerix CrossAsset is being utilized in conjunction with CameronTec FIX technology to satisfy the real-time demands of the fast paced, front-office trading environment. Built on its enterprise server technology for future scalability, dynamic model-building across the institution's entire system is now achievable in less than 10 seconds. I look forward to our close collaboration with CameronTec and continued success as they join our global partnership program."
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