NumeriX partners BQuotes to link analytics and market data
NumeriX, the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives, today announced a partnership with BQuotes, a leading real-time data capture technology provider.
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The partnership is the first of its kind to link analytics with market data, allowing traders to easily and quickly calculate best execution prices for trades from information gathered from e-mail.
Electronic trading has forced financial services institutions and investment banks to empower their traders with increasingly sophisticated technology to decrease the time to market of a trade. Over the past decade, e-mail has emerged as a key communication tool used by traders to get the latest information on bids and offers in the over the counter (OTC) markets. However, these e-mails are largely unstructured, which has made accurate, quantifiable analysis difficult.
"The link to NumeriX analytics provides our customers with added speed that meets the increasing demand for faster trade transactions," said Yiannis Tsiounis, CEO of BQuotes. "Traders now have the ability to capture any type of data with the added analytics to increase flexibility and ensure the best price execution in volatile markets."
The popularity of OTC derivatives and structured products have skyrocketed in today's crowded markets as traders continue to seek better yields while still protecting their portfolios from unanticipated risk. To price new financial products properly, sophisticated data and analytics are needed. The partnership between NumeriX and BQuotes allows traders to add an extra layer of pre-trade risk management as they price sophisticated deals in an increasingly volatile market.
"Providing BQuotes customers with the link to scalable analytics allows traders to focus on creating the most profitable returns on even the most complex products," said Steven R. O'Hanlon, President and COO of NumeriX. "By enabling traders to significantly cut the time to market for high-yield transactions, this partnership will be a key driver in the expansion of the derivatives and structured products markets for a growing number of traders."
"Previously, traders wasted a significant amount of their day manually compiling data to figure out a best price," continued O'Hanlon. "Combining the NumeriX 6 pricing and analytic software and BQuotes, traders will be able to extract significant value from unstructured e-mails, allowing them to quickly and accurately price complex trades."