New York, NY – September 4, 2013 – Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, and Sky Road, a managed service provider of customizable trading and risk solutions, today announced a new partnership agreement. Numerix analytics is now available to clients of the Sky Road Motion Services Platform, a unique solutions delivery model that blends software, domain expertise and daily operational process support.
Successfully integrated into the Motion Services Platform, Numerix CrossAsset analytics can be combined with other core building blocks available in the Sky Road Motion software platform to rapidly assemble risk solutions for a diverse set of market participants including portfolio managers, risk teams and corporate treasuries. Underpinned by the industry’s most comprehensive collection of models and methods, the Numerix CrossAsset library allows institutions to price any conceivable derivatives instrument using the most advanced calculations available. Delivered through Sky Road’s state-of-the-art front-end, these calculations enable clients to group, visualize and decompose risk results seamlessly and then share them across the enterprise.
“Considering Numerix’s market leadership and strong industry reputation for flexible and transparent analytics, this partnership further demonstrates Sky Road’s commitment to best-of-breed solutions. The full breadth of the Numerix pricing and risk library can now be leveraged to develop customized solutions for Motion clients in a single, cost effective package,” said John Borse, Founder and President of Sky Road. “We view Numerix as a key component of our Motion Services Platform offering and look forward to the benefits this partnership will bring to the marketplace, especially for increased transparency, accurate pricing and more advanced risk management capabilities.”
Steven R. O’Hanlon, Chief Executive Officer & President of Numerix, adds: “We’re excited to announce our partnership agreement with Sky Road, especially as financial institutions continue to seek innovative service providers able to deliver highly customizable risk solutions and fast time-to-market. Now integrated with Numerix’s sophisticated risk-analytics and robust pricing library, Motion users are able to meet today’s market and regulatory requirements for real-time valuations, increased transparency, credit and market risk information and cross-asset risk analytics and reporting.”
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.
About Sky Road LLC
Sky Road provides innovative solutions to the financial services industry through its Motion Services Platform. Since its inception in 2005, Sky Road has continued to break new ground in developing trading and risk solutions for a broad range of clients including banks, hedge funds, proprietary trading firms, asset managers and buy-side service providers. Headquartered in Chicago, Sky Road has a proven track record of successfully delivering solutions to market participants worldwide. For more information, please visit dev.skyroad.juiceinteractive.com.