The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Syntel Launches Pricing Services for Capital Markets, New Service Offering Powered by Numerix

Syntel, a global information technology services and knowledge process outsourcing (KPO) company, today announced that it will begin providing independent pricing services to the company’s global buy side and sell side clients. Syntel will utilise Numerix’s cross-asset pricing and risk analytic technology to power the new offering. Syntel will also combine Numerix CrossAsset models and methods with its own in-house research to offer Asian credit spread data across corporate securities.

Syntel’s new service offering will deliver enhanced risk mitigation and greater transparency in pricing fixed income securities and derivatives for its capital markets clients. In addition, Syntel’s clients will have the ability to better manage counterparty exposure and risk, accounting regulatory requirements, and risk reporting including FAS 157, FAS 133 and IAS 39 and Basel II market risk.

Numerix is an independent analytics provider for derivatives and structured products. Its pricing models and software solutions are utilised by global issuing institutions and are embedded in the world’s most prominent trading and risk platforms.

“We selected Numerix products to fuel this new service offering based on their broad range of pricing models and methods, built-in world-class analytics and strong architecture,” said Syntel CEO and president, Prashant Ranade.

“We are pleased that Syntel selected our products as the foundation for this new service,” said Numerix president and COO, Steven O’Hanlon. “This relationship further validates Numerix’s commitment to providing our clients with the recognised industry standard when it comes to pricing and risk analytics.”

Syntel’s new pricing offering will complement its existing middle and back office capital markets KPO services, which include valuation, risk and compliance, analytics and research, transfer agency, performance attribution, fund accounting, hedge fund administration and trade processing.

Related content

WEBINAR

Recorded Webinar: How Financial Institutions can adjust to working in the New Normal

The very sudden impact of Covid-19 and resultant shutdown of physical sites has stress-tested financial institutions and vendors to their limits. Now banks and firms are slowly starting to re-open offices. But what will the new normal look like and what steps should you be taking now to make the most of this situation? This...

BLOG

Qomply and Bovill Team Up on Regulatory Audits

Qomply, a RegTech firm specializing in transactions reporting for MiFIR, SFTR and EMIR, has joined forces with global financial services regulatory consultancy Bovill to develop an end-to-end transaction reporting service for financial institutions. Powered by Qomply’s technology, Bovill will streamline its HealthCheck services to provide clients with immediate feedback on the accuracy and completeness of...

EVENT

Data Management Summit New York City

Now in its 10th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...