SIX Financial Information and Numerix have signed a partnership agreement to produce valuations for a wide range of vanilla and over-the-counter (OTC) derivatives as part of the Evaluated Pricing Service (EPS). The new service complements SIX Financial Information’s proprietary pricing for fixed income products by expanding client’s options to value a wider range of their portfolio in a consistent and reliable manner.
The partnership involves SIX Financial Information deploying Numerix analytics in its EPS infrastructure to broaden and enhance coverage of OTC derivative instruments. The first phase of the partnership has already been developed and includes interest rate swaps and credit default swaps (CDS). Additional asset classes will be added to the service incrementally over the coming months.
Steven O’Hanlon, president and chief operating officer (COO) of Numerix, says: “Clients of SIX Financial Information’s pricing service will benefit from the most comprehensive instrument coverage in the industry as well as our powerful analytics platform and cross-asset library of market-tested models for pricing complex structured products and derivatives.”
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
The dollar failed to recover against other major currencies on Monday following Friday’s disappointing US employment data announcement. This was coupled with ... read more
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
The world’s second-biggest economy will grow faster than previously predicted over the next four years, but the rate is unsustainable unless China addresses the problem says the International Monetary Fund.