20 October 2017

GFI Market Data partners with Vector Risk for cloud-based CVA

12 December 2013  |  1735 views  |  0 Source: GFI Market Data

GFI Market Data, a division of GFI Group Inc. (NYSE: GFIG) and Vector Risk Inc., a leading provider of financial risk management solutions, announced today that they have entered in to an agreement whereby GFI will supply the Vector Risk cloud solution with market data on several of the key asset classes the company brokers: credit derivatives, bonds, interest rate options and FX options.

These OTC datasets have been added to Vector Risk in order to better calculate up-to-date and accurate risk measures across a range of financial instruments covering the yield curve – for both on and off balance sheet credit exposures.

Richard Brunt, Global Head of Market Data at GFI stated: "In the current regulatory environment we have seen a significant rise in the demand for high quality OTC data for use in Credit Value Adjustment and other Risk Management metrics. Working with Vector Risk's cloud solution made for a very timely and natural synergy of high quality OTC data and a best of breed fully hosted Risk solution".

Justin Taylor, Managing Director of Vector Risk Inc. said: "The Vector Risk team is proud to partner with GFI's Market Data group to power its cloud based risk engine service. Access to quality credit spread and hard to find option volatility data will greatly improve the service for our clients."

Vector Risk is an Australian company that provides software solutions and risk advisory services in the trading risk management space. Its risk system calculates market and credit risk exposures in real-time and has been implemented as the engine behind credit limit monitoring, collateral stress testing, market VAR and stress, and CVA. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16087 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8343 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7992 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7319 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6663 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job