Numerix Portfolio Speeds Performance for Risk Management of ...

Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management, has enabled Numerix Portfolio on Windows Azure, providing clients 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 nearly real-time. This greatly increases the frequency of valuations and the amount of calculations required.

As a powerful front and middle office application, Numerix Portfolio provides customers with an intuitive interface for uniform pricing and managing risk in a single platform. The latest release of Numerix Portfolio is now enabled on Windows Azure, as then as Windows HPC Server. This scalable, fast and reliable solution uses powerful grid-computing to speed valuations of large, computationally intensive derivative portfolios. Customers can as well better meet regulatory demands and new accounting standards for accurate, timely, and consistent pricing, risk, and reporting measures enterprise-wide.

"As total cost of ownership pressures mount and financial services firms compare the cost of cloud versus on-premise deployments, Windows Azure- and Windows HPC Server-enabled solutions just as Numerix Portfolio afford users the flexibility to adopt either public or private cloud environments to meet their unequalled needs," said Karen Cone, general manager, Worldwide Financial Services, Microsoft. "In a burst-to-Azure deployment scenario, customers get the best of both worlds: they get the most from their existing infrastructure and capitalize on cloud innovations to meet mission-critical business computing demands."

"With Numerix Portfolio enabled on Windows Azure and Windows HPC Server, traders are no longer constrained by the compute power limitations of their individual desktops or local server farms. Financial institutions can save significant time and money as they respond more quickly and accurately to changing market dynamics, and insurers can achieve the consistent valuation and analytical capabilities they need," said Steve O'Hanlon, President and COO of Numerix. "Our customers now have a more flexible, cost effective way to confidently tap the virtually unlimited compute power they need to manage risk in real time across a consistent valuation framework."

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