Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, announced today the availability of its LiquidAsset SDK (Software Development Kit).
Designed to scale as an institutions' modeling or investment requirements grow, clients and partners can utilize LiquidAsset SDK to integrate Numerix's market standard analytics into its own system or that of a third party using a C++ interface, with C# and Java interfaces to be added in the coming months.
Known for its intuitive, function-based interface LiquidAsset has rapidly become the new standard for pricing liquid derivatives since its inaugural launch. As a 'future proof' solution built on Numerix's award winning CrossAsset pricing analytics platform, hedge fund and asset managers, corporate treasurers, insurance firms and all derivative market participants can price liquid OTC derivative instruments within minutes of installation.
The Numerix CrossAsset model library is designed to provide maximum flexibility to users for valuing complex derivatives, while Numerix LiquidAsset offers a more user-friendly approach for vanilla derivatives and debt as it allows the user to forego some flexibility in favor of a simple function interface that deconstructs each instrument into a set of inputs and calculated outputs.
As part of the new release LiquidAsset SDK features the Numerix® Function Reference that provides comprehensive documentation for all trade types including pricing methodology, model and calibration.
Instrument support is available for the most commonly traded OTC derivatives including fixed income, equity, FX, credit, interest rates and commodities.
"The seamless integration and intuitive nature of LiquidAsset is specifically designed to grow with a clients' pricing and risk management requirements," said Numerix President and COO, Steven R. O'Hanlon. "The continued evolvement of this offering is a testament to its relevance and necessity in the marketplace and we are proud to be able to offer this SDK to cover the most commonly traded liquid instruments."
"In the coming years, we expect the move to electronic trading and central cletral cle and central clearing from Dodd-Frank and EMIR derivative reforms to catalyze efforts to build out scalable, industrial strength pricing infrastructures, especially for more liquid, OTC cleared derivatives. Firms will need to price dynamically in real-time in order to facilitate the optimal implementation of derivative strategies through the various 'routes to market,' with exchange-traded, OTC cleared, and OTC-non cleared trades," says Cubillas Ding, Research Director at Celent's Securities and Investments Group.
Numerix LiquidAsset SDK key features & benefits include:
Currently offered in C++, with C# and Java interfaces to be added in the coming months
Instrument support for the most commonly traded OTC derivatives: fixed income, equity, FX, credit, interest rates and commodities
Comprehensive documentation for all trade types including pricing methodology, model & calibration
Consistent analytics utilized for all OTC derivatives across asset classes
Accelerated calculations for daily MTM, Greeks and cash flows
Standard market conventions for leading global jurisdictions
Unmatched levels of support as part of your LiquidAsset subscription
New releases made available regularly and included in your Liquid Asset subscription