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: Detecting and preventing market abuse

Market abuse – unlawful disclosure of inside information, insider trading, circular trading, “pump and dump” schemes, etc. – poses significant threats to the integrity of capital markets. In 2024, global trading house Trafigura agreed to pay a $55 million fine to the U.S. Commodity Futures Trading Commission (CFTC) for trading with non-public information, manipulating a...

BLOG

EC Simplifies Rules on Sustainability and EU Investments, Promising €6+ billion in Administrative Relief

In late February, the European Commission took decisive steps to streamline regulatory requirements, aiming to reduce administrative complexity and unlock new investment opportunities. The proposals focus on cutting red tape while maintaining sustainability commitments, creating a more business-friendly environment that supports growth, innovation, and job creation. By aligning competitiveness with climate objectives, the Commission seeks...

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

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...