Numerix launches LiquidAsset product for pricing OTC Derivatives
First Published Tuesday, 5th April 2011 from Automated Trader : Algorithmic Trading News
New solution built on Numerix CrossAsset for pricing and risk of commonly traded OTC derivative instruments
Steven R. O’Hanlon, President and COO, Numerix
"We are excited to be in a position to offer our clients this expanded pricing capability."
Numerix has announced the launch of its product - Numerix LiquidAsset- for Pricing OTC Derivatives and exchange traded deals. Built upon Numerix's CrossAsset analytics, LiquidAsset is a function based Excel solution for valuation of the most common set of OTC derivative trade types.
Focusing on the user experience, the Numerix LiquidAsset product aims to provide an intuitive interface that harnesses the power of Numerix CrossAsset to price common trades quickly and accurately. These types of trades pose new and different pricing challenges, as the bid-ask spread is orders of magnitude smaller than their exotic counterparts. With Numerix LiquidAsset users can utilise built-in deal conventions that are pre-packaged for pricing and trading all the major currencies and their markets.
The Numerix LiquidAsset function browser enables users to add pricing functions to a worksheet; calculate outputs from user provided inputs and create a blotter table on which they can aggregate multiple trades based on the selected function. Each pricing function is documented containing information about each trade type, pricing methodology, required inputs and also includes information about all outputs for mark-to-market (MTM), Greeks and other risk measures as well as cash flow reports.
"LiquidAsset presents Numerix with the ideal opportunity to gain access to a larger share of the market for pricing OTC derivatives and further secure its footing as the world's premier pricing analytics provider," said Numerix President and COO, Steven R. O'Hanlon. "The launch of LiquidAsset represents the culmination of both the time and intellectual capital Numerix has invested in this comprehensive product to cover "vanillas"-or commonly traded liquid instruments. We are excited to be in a position to offer our clients this expanded pricing capability."
