Numerix – Thinking Derivatively

Technology is transforming the financial services industry like never before. The new buzzword ‘FinTech’ is becoming commonplace in the sector. Financial technologies are developing at a rapid pace and market participants need to adapt to them to stay ahead in the competition. However, the rapid development of new financial technologies corresponds to the rapid growth of the risks that accompany them. Numerix, a software development company, beyond merely offering fintech solutions they go an extra mile to track and fix bugs, upgrade or update solutions, and more. Thus, allowing their clients in the financial sector to make major technological shifts without having to worry about the dangers that it may pose.

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence capabilities for trading and risk management. Founded in 1996 and headquartered in New York City, Numerix has over 20 offices, 700 clients and 90 partners across more than 26 countries. Numerix is dedicated to driving a more open, fintech oriented digital financial services market by leveraging the latest best-in-class technologies.

The experience they’ve gathered over the last 20 years or more ensures that they have all the necessary knowledge and expertise to help its users reimagine operations, modernize business processes and capture profitability. Numerix is utilized in many forms by banks, broker-dealers as well as a range of buy-side institutions, including insurance firms, hedge funds, pension funds, and asset managers. Numerix provides software for financial services companies that analyze the risk associated with various types of assets, including derivatives.

To date, the company has been recognized with over 100 international awards including being named one of the fastest growing companies in North America by Inc. 500 and Inc. 5000 Magazines, and also in the Deloitte Technology Fast 500.

Numerix Products – a quick look

Numerix Oneview Enterprise Platform is the next generation pricing, risk, analysis and trade management platform designed for the next evolution of the capital markets. Driven by innovations in dependency graph technologies, the Platform is the only real-time cross-asset platform putting the front office first, while driving analytic consistency across all business lines. Designed to revolutionize trading and risk operations for all capital markets participants, Oneview Enterprise Platform consists of rich business service analytics capabilities – like Distribution, Trading, Risk, Model Validation and others – that can be accessed directly via the platform (through custom application development endpoints or Python) or from Numerix-developed applications. Oneview Graph is another solution under the Enterprise Platform hood. It is used for constructing distributed component-based systems that are real-time and event-driven. The streaming graph framework triggers modules only if the data they depend on changes, resulting in real-time updates to positions, P&L, and other risk metrics.

Numerix CrossAsset offers the industry’s most comprehensive collection of models and methods, allowing institutions to price any conceivable instrument using the most advanced calculations, in addition to a wide range of calibration options for generating market-consistent valuations. With an infinitely flexible architecture for defining bespoke deals—and the ability to integrate your own internal models—Numerix allows you to deploy a unified pricing and risk solution for all your derivative and fixed income positions across all trade types. The solutions in this suite include CrossAsset Excel, Numerix Bloomberg Edition, Numerix SDK, and Model Library.

Numerix Oneview Banking Applications offer solutions that help banks manage the complexities of the changing capital markets landscape, effectively manage risk and build a new competitive edge. The Banking Applications include Oneview- Trading, Distribution, XVA, Risk, and Model Validation. For example, the Numerix Oneview Trading solution helps banks’ Treasury Marketing Units (TMUs) to effectively manage their clients’ treasury risks, while enhancing operational efficiency—all making it easier to provide clients with best-in-class, superior service.

Oneview Asset Management is a cross-asset real-time risk and portfolio management solution for asset managers designed to provide institutional grade technology through a hosted solution. The rapidly deployed, easily configured platform has the flexibility and ease of use required to satisfy any strategy or investment style. Oneview Asset Management covers all phases of the investment process: from trade capture, performance monitoring, and risk management, through to processing and fund accounting; run on a single integrated platform. The cloud-based solution can be deployed easily and accessed via any Internet-enabled machine. Numerix also oversees the software’s operation, including updates and bug fixes, allowing clients to concentrate on managing their fund and maximizing returns.

The Pioneering Leader, Steve O’Hanlon

Steven O’Hanlon was appointed CEO of Numerix in January 2013. Mr. O’Hanlon joined Numerix in 2002 and was named President and COO in 2004. Under his leadership, Mr. O’Hanlon has driven the transformation of Numerix from a broadly-focused company with many disparate products to a global analytics software company operating from a single platform. He helped Numerix emerge as a prime provider of financial analytics software in the global market. Mr. O’Hanlon has also won the New York SmartCEO 2013 Future 50 Award.

Prior to joining Numerix, Mr. O’Hanlon actively negotiated the sale of several companies for nearly $500M. A seasoned veteran, he has more than 25 years of experience building emerging market start-up software companies and has contributed to three successful IPOs. Mr. O’Hanlon was a member of Banyan Systems Inc. executive team, which drove eight years of unparalleled growth from $3M to $150M, culminating in a successful IPO. He also held sales executive positions at Network Express, Avant–Garde Computing and Nixdorf Computers.

“It’s our goal to push boundaries to create breakthrough technology that digitalizes business processes and helps clients reimagine their risk.”