Numerix, a provider of cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, is to provide pricing models and risk analytics for Thomson Reuters’ Kondor+ Suite and TopOffice solutions.
Financial service firms using Thomson Reuters Kondor+ Suite to build and trade structured products can already access the Numerix CrossAsset library of independent pricing models, methods for the pricing and analysis of various exotic derivatives and related transactions.
Clients will now have better access to the Numerix CrossAsset library, to include enhanced coverage and pricing capabilities for vanilla instruments.
Clients of Kondor+ Suite can now structure, price and analyse OTC derivatives and structured products quickly and easily using Numerix’s pricing models and analytics. Numerix software will be pre-integrated into Kondor+ Suite, making activations easy and straightforward for new users.
Additionally, Thomson Reuters’ real-time risk, P&L and liquidity management solution application, TopOffice, has been expanded to include access to Numerix CrossAsset pricing and analytics.
TopOffice now offers access to Numerix pricing and risk analysis tools providing users with real flexibility and support for real-time risk and P&L analysis and reporting across all asset classes.
“The expansion of our agreement with Thomson Reuters to include Numerix as the source of pricing models demonstrates the ubiquitous nature of Numerix’s models and risk analytics and represents a solid strategic advancement for both firms,” says Steven R. O’Hanlon (pictured), president and chief operating officer of Numerix. “We look forward to offering continued access to the independent pricing and risk analytics their clients demand.”
“Our relationship with Numerix helps Thomson Reuters provide our users with a powerful combination of accuracy and flexibility. We are extending our relationship with Numerix across our risk management product range to help our customers achieve the highest possible return on their investment,” adds Boris Lipiainen, global head of product and development, risk management, Thomson Reuters.