Sapient Global Markets, part of Sapient and a provider of services to today’s institutional financial and commodity markets participants, and Numerix, a provider of cross asset analytics for derivatives valuations and risk management, today announced a global partnership agreement to provide combined capabilities to clients of both organisations.
From front office to back, Numerix analytics enhance every stage of the derivatives-management process, providing broader instrument coverage, better transparency and improved efficiency throughout the enterprise. As partners, the two companies will work together for shared customers to provide advanced, integrated pricing and analytics solutions for derivatives and structured products across a broad range of asset classes.
“Numerix offers customised solutions to specialised requirements from a few trades to a complete STP system for exotics,” said Chip Register, senior vice president and managing director, Sapient Global Markets. “This partnership is a great fit for Sapient clients that typically customise Numerix to support specific models and products as well as integrate them into their own systems, as it requires a unique combination of programming, integration and financial domain expertise that only Sapient can provide.”
“As experts in the field of risk analytics, not only does Sapient understand the challenges of active market participants, but they take you from advisory consulting through to systems implementation and outsourcing,” said Steven O’Hanlon, president and COO of Numerix. “The combination of Sapient’s world class delivery and Numerix’s high end technology will provide countless benefits to customers of both organisations.”
Known for its high performance models and the flexibility of its platform to support new financial products, Numerix provides tools for price validation of hard-to-value derivative instruments across all asset classes including interest rates, credit, equities, foreign exchange, and commodities. Its flexible analytics platform is capable of supporting the full range of front to back office operations through its stand-alone applications and integrated solutions.
Sapient Global Markets is uniquely focused on trading and risk management and offers deep practitioner-based expertise to help customers grow and transform their business. As a strategic advisor to members of the global financial and commodity markets community, Sapient provides a comprehensive offering to its world-class clientele through practitioner led advisory, technology and process services. Sapient helps customers navigate regulatory change, valuation and risk management challenges. Through its Risk Analytics practice, Sapient will apply its project management expertise to deliver advisory and technology projects around Numerix libraries and tools.