Over recent years, d-fine has consistently demonstrated its market-leading expertise in derivatives and risk management consultancy.

During the accreditation process, d-fine worked with Xenomorph on a project to build a Value-at-Risk calculation module within the TimeScape software, based on historical simulation. One of the major issues when implementing risk management systems is having a data infrastructure in place that ensures that accurate market and scenario data is feeding an institution's risk management processes. Xenomorph's and d-fine's joint work on this project extended TimeScape's functionality to become an ideal solution for risk management calculation as well as having the flexibility to allow the latest types of exotic derivatives to be incorporated as and when they are created.

Greg Johnson, Xenomorph's Chief Operating Officer, says, "The quality of d-fine's work in derivatives and risk management consultancy is, we believe, second to none. As such it gives me great pleasure to announce that they have become an accredited implementation partner for our TimeScape data and decision management solutions and we look forward to more collaboration with d-fine in the future."

Richard Rossmanith, director of d-fine's London office, replies, "I have been impressed with Xenomorph's modern technology platform for data accuracy and time series management for some time. Working with them on this project allowed us to also become acquainted with their analytics layer for curve modelling and derivatives pricing. It really was the natural thing to do to add value at risk calculation in the form of historical simulation to this platform. The implemented framework will also allow the easy addition of further VaR methods, such as Monte Carlo, parametric Delta-Gamma, or market stress tests. We look forward to continue collaborating with Xenomorph, and we are delighted to become their accredited partner."