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

Numerix Embeds ActivePivot In-Memory Analytics to Extend CrossAsset Server Capability

Subscribe to our newsletter

Numerix has embedded Quartet FS’s ActivePivot in-memory analytics technology into its CrossAsset Server enterprise analytics engine to deliver real-time analysis, aggregation and visualisation of the large volumes of complex data that result from CrossAsset Service calculations of market risk and counterparty credit risk and derivatives valuations.

The partnership provides the first best-of-breed addition to Numerix’s CrossAsset products and reverses the company’s traditional approach of licensing its software to other independent software vendors to embed in their offerings. Stephen O’Hanlon, CEO and president of Numerix, says the company will integrate more third-party products as necessary to meet market demand. For Quartet FS, the partnership is one of a growing number made not only with capital markets solutions vendors, but also with companies in e-commerce and customer relationship management.

Numerix CrossAsset Server came to market in March 2013 and extends the features of Numerix CrossAsset, essentially a large library of market standard valuation and risk models, into a grid or cloud-based server platform designed for both sell-side and buy-side firms to compute pre-trade pricing, mark-to-market, Greeks, sensitivities and cashflows, and market risk and counterparty risk measures.

CrossAsset Server integrated with ActivePivot will initially address real-time visualisation and what-if analysis of mark-to-market and Greeks reports, as well as credit valuation adjustments (CVA), potential future exposure (PFE) and Monte Carlo value at risk. Forthcoming coverage will include incremental CVA/PFE, CVA sensitivities, pre-trade limit checks and initial margin calculation.

The integration of the Numerix and Quartet FS software took about two months and Numerix customers can elect whether to license and switch on the ActivePivot element within the combined solution. The integration is agnostic on how the software is deployed, allowing it to be offered to smaller clients as a software-as-a-service option and to larger clients as a deployed or cloud-based solution. O’Hanlon suggests all Numerix’s 350 direct clients could benefit from the combined software, saying: “This enables them to migrate from Excel-based desktop solutions to something more meaningful.”

Allen Whipple, co-founder and managing director of Quartet FS, describes ActivePivot as an incremental in-memory engine that makes calculations as they are required, greatly improving on once a day or intra-day reporting and supporting the reporting requirements of regulations such as Basel III and Dodd-Frank.

On the company’s work with Numerix, he says: “CrossAsset Server enables the parallel calculation of risk and valuation metrics enterprise-wide. With ActivePivot it can aggregate and display those outputs in a multi-dimensional layout, providing detailed analysis for margin, risk calculations and pre-trade assessment in milliseconds.”

Whipple describes the key benefits of the software as out-of-the-box best-of-breed analytics coupled to real-time reporting and visualisation; a timely response to a regulatory environment requiring risk calculations to be performed in milliseconds; and a Java technology base that fits many clients’ development blueprints. And there is more to come, with Numerix planning to build out applications on the basis of the capabilities and flexibility inherent in CrossAsset Server, and Quartet FS refining ActivePivot Sentinel, the rules-based engine that allows users to define rules for automated monitoring and action triggers across the ActivePivot environment.

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

From Awareness to Execution: Closing the Regulatory Compliance Implementation Gap

By Jordan Domash, Founder and CEO, Responsiv. Even under a ‘regulation light’ administration, more than 1,400 new Federal executive orders, final rules, and proposed rules have emerged in 2025 alone. Layer on every potential state and international change, there’s a lot to sift through. Regulatory teams must then take these often-dense legal texts and quickly...

EVENT

TradingTech Summit London

Now in its 14th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...