21 July 2018
Visit www.avoka.com

Derivix secures investment from JP Morgan and SAC

30 March 2010  |  2167 views  |  0 Source: Derivix

Derivix, a financial services software company providing options analytics, electronic execution and real-time risk management, is pleased today to announce JP Morgan and SAC Venture Investments, LLC, an affiliate of S.A.C. Capital Advisors, L.P. as new investors in the fast-growing Derivix product.

Derivix's advanced analytics functionality, broker-neutral execution, and award-winning portfolio risk platform provides clients with solutions to meet the increasingly competitive challenges of derivatives trading.

"We are thrilled to be investing in Derivix. The product offerings and vision of the management team position the company to be an important player in the electronic marketplace," an S.A.C. Venture Investments, LLC spokesman said.

The investments follow a year of continued growth and outstanding performance by Derivix. In 2009, the company significantly increased its client base, continued its pioneering product development and further expanded its partner program. The new investments will enable Derivix to enhance its already robust product by powering continued product innovation, expanding its sales and customer support infrastructure, and fueling its entry into new marketplaces.

"We have been impressed with the speed, accuracy, and simulation functionalities of the Derivix Risk Management Platform. We are looking forward to offering the Derivix platform as part of our integrated client trading solution, ultimately enhancing the clients' trading decision making process," said Neil McDonald of J.P. Morgan.

This announcement is an extension of Derivix's already powerful partnership, and management development initiatives that began in 2008. At that time, Susquehanna Growth Equity, LLLP and Goldman Sachs became strategic investors in Derivix, and today they are joined by J.P. Morgan and S.A.C. Venture Investments, LLC. In its commitment to strong and dynamic management, in 2009, Derivix appointed industry veterans Carrick Pierce as President, and Richard Schenkman to the Board of Directors.

Of J.P. Morgan and S.A.C. Venture Investments, LLC, Jonathan Weedon, CEO and co-founder of Derivix said, "These investments are further proof of the strength of our products, people and vision." In addition, "Derivix," he saiaid, "is committed to empowering our customers with the most advanced solutions available as we continue to set the bar for innovative software solutions in the derivatives marketplace."

Comments: (0)

Comment on this story (membership required)

Related company news


Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13083 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10693 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9859 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6970 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6811 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job