About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Fund Service Provider Harmonic Selects Numerix Analytics to Power Independent Valuation

Subscribe to our newsletter

Harmonic Fund Services (Harmonic), a specialized global hedge fund administrator, today announced that they have selected Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, to provide independent valuation and risk for OTC derivatives within Harmonic’s FM3 platform for alternative investment managers.

Through the use of Numerix CrossAsset – Numerix’s analytic platform and extensive library of independent models for pricing all OTC derivative asset classes – Harmonic will have an enhanced ability to independently value a comprehensive range of financial instruments and transactions.

The library will be integrated with Harmonic’s proprietary alternative investments platform, FM3, a comprehensive front to back office system which, among other things, supports portfolio management, risk, accounting, investor management, complex fees and compliance.

To integrate Numerix’s analytics into FM3, Harmonic is utilizing Numerix CrossAsset Software Development Kit (SDK) which provides programmer-level access to Numerix’s world class analytics and comprehensive library of pricing models and methods.

“Independence is currently a major theme in financial services and particularly in alternative investment management. As a fund administrator, being able to offer clients a standardized and independent means of asset valuation has become increasingly important,” said John Wolfe, Managing Director at Harmonic.

“Numerix’s ability to handle and price any standard or custom derivative, coupled with the flexibility of the Numerix platform and software, gave us the confidence we needed to choose them as a best of breed provider. We look forward to our relationship with Numerix as we continually seek to develop new value added services for our clients.”

“The ability for administrators to compliment their existing offerings with independent valuations and risk management capabilities has increasingly become a priority in the market,” said Steven R. O’Hanlon, President and COO at Numerix. “We are very pleased to work with an institution such as Harmonic and look forward to collaborating on bringing new and innovative services to their managers.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Strategies and solutions for unlocking value from unstructured data

Unstructured data accounts for a growing proportion of the information that capital markets participants are using in their day-to-day operations. Technology – especially generative artificial intelligence (GenAI) – is enabling organisations to prise crucial insights from sources – such as social media posts, news articles and sustainability and company reports – that were all but...

BLOG

Implementing and Understanding Modern Data Architectures: Webinar Preview

The evolution of data use by financial institutions has been accompanied by ever-changing challenges to its management. With technologies such as artificial intelligence enabling firms to prise greater value from their data and to subject it to greater utilisation, a new set of data management practices have emerged. These modern data architectures regard data as...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...