22 August 2017
Find out more

TD Securities contracts with Numerix for new risk management platform

05 July 2002  |  3042 views  |  0 TD Securities contracts with Numerix for new risk management platform

TD Securities has announced plans to develop a new derivatives trading and real-time risk management system, and has entered into an agreement with NumeriX to be the project's architect and general contractor.

"This new integrated system will enable TD Securities to consolidate information from key areas of our firm to provide an accurate real time view of risk, to both our trading desks and our management team," says Mike MacBain, vice chair, debt capital markets at TD Securities.

The global cross-asset trading platform will be released in several phases and will be fully implemented in 3 years, he says. The scope of the project includes credit derivatives, fixed income derivatives and equity derivatives.

McBain says the firm selected New York-based specialist NumeriX for its domain knowledge and proprietary technology in pricing and cross-asset risk.

Craig Bouchard, president and CEO of NumeriX, adds: "Recent advances by NumeriX in pricing and hedging of cross-asset derivative portfolios has provided us this opportunity."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Monis targets hedge funds with credit risk analytics

Monis targets hedge funds with credit risk analytics

27 June 2002  |  2849 views  |  0 comments
Isda to set up credit derivatives FpML group

Isda to set up credit derivatives FpML group

11 June 2002  |  4287 views  |  0 comments
ING banks on SunGard for credit risk management

ING banks on SunGard for credit risk management

05 June 2002  |  3272 views  |  0 comments
Lack of data poses risk to banks, says S&P

Lack of data poses risk to banks, says S&P

30 May 2002  |  3037 views  |  0 comments
Kamakura upgrades credit risk management tool

Kamakura upgrades credit risk management tool

24 May 2002  |  2529 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11892 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10303 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9911 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9622 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9597 views comments | 19 tweets | 23 linkedin

Featured job

Find your next job