19 July 2018
Register today

Numerix and MH Derivative Solutions join forces

16 September 2013  |  1974 views  |  0 Source: Numerix

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management and MH Derivative Solutions (MHDS) today announced a new partnership agreement.

As an independent resource, MHDS will provide market training to existing Numerix users and offer support for product research. As part of the partnership, MHDS can recommend the Numerix CrossAsset pricing and risk analytics and Numerix CVA (Credit Value Adjustment) product solutions to its existing customer base.

McCabe Hurley, owner of MH Derivative Solutions, LLC provides a range of services to derivative market participants globally. Currently, MHDS is focused on assisting clients with tasks related to Dodd Frank Title VII, specifically in the areas of Central Counterparty (clearing) and CVA. MHDS works with clients throughout their derivatives value chain believing an inter-departmental approach makes newly adopted processes more robust. This includes Integrated Training to ensure all related areas are up to date on new processes put into place.

Through the agreement, current and prospective Numerix clients will benefit from MHDS' Integrated Training which includes all units along the swap business pipeline. MHDS Integration Training offers group work and team building modules which result in better understanding of individual roles, a clearer picture of how units work together and what to look for throughout the process to increase efficiency. MHDS customers not already using Numerix will have the opportunity to build upon current technology infrastructure by integrating Numerix's unified valuation framework and sophisticated library of cross-asset pricing and risk models.

"Our partnership with MHDS brings to market a mutually beneficial agreement where the money manager who chooses this solution will not only receive the coordinated effort of MHDS Integrated Training and Process Audit, but the analytic power of Numerix's pricing and risk engine for valuations and risk calculations that are repeatable, transparent and consistent with the market," said Steven R. O'Hanlon, Chief Executive Officer & President of Numerix. "With this h this partnership Numerix will also have the tools to better serve its current clients through expert training as they seek to address key components critical to OTC derivatives regulatory reform including collateral management, margin requirements, central clearing and risk calculations for Counterparty Credit Risk."

"In today's market, a money manager actively using swaps needs to possess an analytics framework flexible and scalable enough to meet new demands for speed and accuracy, and subsequently must thoroughly train and educate those units responsible for each area along the derivatives transaction pipeline," said McCabe Hurley, Owner of MH Derivative Solutions, LLC. "Numerix gives swap market participants the tools to build sound cross-asset pricing and risk solutions for different units operating across the enterprise; enabling integration between front and middle office operations and holistic risk reporting. With Numerix, MHDS clients will more effectively monitor changes across business lines, including bilateral versus cleared derivatives offset costs and the impact of collateral decisions." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
11352 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9975 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9602 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9097 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
8621 views comments | 9 tweets | 17 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job