Numerix Presses GreenButton for Cloud Pricing Capacity
![steve-o-hanlon-numerix steve-o-hanlon-numerix](/sites/default/files/styles/landscape_750_463/public/import/IMG/034/217034/steve-o-hanlon2-numerix-580x358.jpg.webp?itok=r5PrJ3Yi)
Derivatives pricing and risk analytics software vendor Numerix has expanded its on-demand capacity capabilities via an agreement with New Zealand-based cloud computing provider GreenButton, which enables clients of Numerix's CrossAsset XL spreadsheet pricing platform to offload compute-intensive pricing calculations to their choice of cloud provider using GreenButton's interface, and to perform otherwise-lengthy calculations within the reporting timeframes specified by regulators if sufficient internal compute capacity is not available.
"Though budgets for IT infrastructure continue to shrink on both the buy and sell side, the pressure to arrive at the right answer faster from a trading and risk perspective has only increased," says Steve O'Hanlon, president and chief operating officer of Numerix, which recently enabled clients of its Portfolio valuation tool to access virtual hardware resources in Microsoft's Azure cloud (IMD, May 21).
"Clients can literally burst to the cloud with the push of a button, creating a huge competitive advantage. Small and mid-tier firms... can now compete on a level playing field with larger firms as they can readily access the compute power needed to produce more timely and granular analysis of their portfolios," says GreenButton chief executive Scott Houston.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Once a blockchain cheerleader, Axoni changes its playbook
The fintech, whose origins can be traced back to the genesis of capital markets’ complicated flirtation with DLT, has largely ditched the tech as the foundation of its data synchronization offering, opting for more familiar territory.
The IMD Wrap: Quality drivers—the sticks and carrots accelerating the data quality race
Like a Formula One Grand Prix, data management is a race that can be won or lost. And just as each race is part of a larger F1 championship that pays large sums of TV money to the winning team, winning or losing one race can contribute to winning or losing an endgame with much more at stake.
This Week: Clear Street, Hudson River Trading/Google Cloud, Alveo and more
A summary of the latest financial technology news.
Start-up uses ‘Magic’ to democratize access to AI for hedge funds
Spun out of Brevan Howard five years ago, SigTech hopes its new no-code generative AI offering can help smaller buy-siders even the odds with AI models.
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
This Week: IPC extends Google Cloud partnership, BlackRock/AIA, DTCC and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Deutsche Bank’s Boon-Hiong Chan
Boon-Hiong Chan from Deutsche Bank joins the podcast to talk about blockchain interoperability.