Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has enabled Numerix Portfolio on Windows Azure, providing customers the ability to burst complex pricing and risk calculation processes to the cloud. To increase performance and address real-time demand for risk analytics, Numerix has taken advantage of Windows Azure and HPC to provide a seamless, cost-effective, and time saving solution to solve quantitative, computational and technological challenges associated with calculating advanced risk measures.
Managing risk and valuing complex derivative portfolios on a daily basis has proved challenging and computationally intensive. Traders, risk managers and insurers face inconsistent operational silos for different asset classes across the enterprise and continue to grapple with new regulations that demand tougher standards of risk management, stress testing and capital control. Financial institutions need to be able to assess risk daily in near real time. This greatly increases the frequency of valuations and the amount of calculations required.
“The need to establish consistent pricing and risk calculations daily, in real time, has fuelled huge growth in compute power demand; but the reality is traditional on-premise deployments alone are no longer a timely or cost effective answer,” said Denny Yu, product manager of risk for Numerix. “However, with a burst-to-cloud scenario, clients now have a fast, easy and low cost way to harness the massive compute power and Big Data resources needed to address real-time trading and risk.”
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