Under the deal NumeriX’s analytics will be integrated with Brilliance’s pricing and risk management platform DealPoint. The new product will give end users access to integrated trade capture, pricing, risk and portfolio management capabilities including Value-At-Risk analysis.
According to the companies, the flexible and powerful nature of both the platform and the analytics allows virtually any financial product across all asset classes to be supported without modification or the need for software programmers.
Christopher Grant, CEO at Brilliance, said, In fast moving financial markets it is essential that traders, risk and portfolio managers have a software platform which enables them to structure and price new products quickly and easily, while meeting regulatory compliance requirements and maintaining the controls and disciplines of a robust platform.
With NumeriX analytics we can now structure new deals in minutes rather than days or weeks. We believe that there is no other product available with the degree of flexibility and capability offered by the DealPoint platform powered by NumeriX.
