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: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Agentic AI Deployment Presents Potentially Dangerous Data ‘Trust Paradox’

Artificial intelligence deployment in capital markets’ data processes may be approaching an inflection point that, if not managed properly, could introduce dangerous risks to institutions’ operations. The growing deployment of anonymous agents has the potential to hardwire data errors into workflows, magnifying data weaknesses as the automating technology scales processes, according Informatica from Salesforce. The...

EVENT

Eagle Alpha Alternative Data Conference, London, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...