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: How to gain operational efficiency in corporate actions processing

While the risk associated with corporate actions is well established, many financial institutions continue with manual processing in the back office. More often than not, corporate actions information is manually keyed in and event processing lacks automation. This results in operational inefficiency, and financial risk due to missed events or simply getting it wrong. These...

BLOG

Data Products: Transforming Fraud Detection in Financial Services

By Suki Dhuphar, Head of EMEA, Tamr. Cybercrime assumes many shapes and forms. As a result, it’s often challenging to identify fraudulent behaviour and subsequently address it. Traditional methods frequently fail to detect and combat illicit activities, leading to financial losses and eroded trust. Yet, even today, one of the most prevalent solutions to enhance...

EVENT

RegTech Summit London

Now in its 8th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...