Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, has partnered with GreenButton to provide Numerix clients with seamless, secure, on-demand access to cloud computing resources. Enabled in the latest release of Numerix CrossAsset XL, a Microsoft Excel-based platform for pricing any derivative or structured product, clients can offload their compute-intensive calculations to any cloud provider including Microsoft Windows Azure via GreenButton’s intuitive interface. End users can now leverage cost effective cloud resources to respond to market dynamics and regulatory pressures with consistent and more timely analytics.
“Though budgets for IT infrastructure continue to shrink on both the buy- and sell-side the pressure to arrive at the right answer faster from a trading and risk perspective has only increased,” said Steve O’Hanlon, president and chief operating officer (COO) of Numerix. “Numerix made a strategic business decision several years ago to lead the industry in its evolution towards cloud-based solutions by delivering flexible offerings that enable our clients to confidently tap the power of private, public and hybrid clouds such as Windows HPC and Azure. Our partnership with GreenButton is an ideal complement to our cloud enablement strategy. It combines our best-of-breed analytics with the most innovative, easy to use on-ramp to the cloud, ultimately lowering total cost of ownership (TCO), boosting productivity and empowering more granular analysis for our clients.”
The country is expected to survive the review, which it must do to retain its place in the European Central Bank’s asset purchase programme.
The bank believes that the battered UK currency, recently only just holding above the US$1.20 level, could be trading at US$1.36 by this time next year.
The group reports that currency fluctuations were less of a challenge to multinationals in the second quarter of 2016, but Brexit has since spelt a return to volatility.
The business group says that the UK’s withdrawal from the EU puts nearly US$600bn of investment at risk, according to a Financial Times report.