BST Awards 2019: Best Buy-Side Risk Management Product—Numerix
![BST Awards](/sites/default/files/styles/landscape_750_463/public/2019-11/20aBBSRiskManagementProduct_Numerix_MartinToyerHR.JPG.webp?itok=3nl3If7x)
Numerix keeps cleaning up at WatersTechnology’s awards. The New York-based firm won three categories in this year’s SST Awards in April, including best overall technology provider. Oneview Asset Management (OVAM), a cross-asset, real-time risk and portfolio management platform, continues that trend by emerging top in this year’s best buy-side risk management product category. Numerix takes back the title from last year’s winner, Axioma, continuing the tussle between the two firms: Numerix won the category in 2017, while Axioma won it in 2016.
Cloud-based OVAM, also responsible for Numerix’s win in the best implementation category, provides portfolio risk management support across a range of assets. Its secret sauce is its ability to overlay models on illiquid instruments in order to extrapolate their prices and present them on an intra-day basis, similar to more liquid products.
According to Martin Toyer, Numerix’s CTO, clients need to be able to assess the risk of a portfolio that might comprise very different instruments, or be managed by single portfolio managers in particular regions. Portfolio management is becoming even more important with developments in regulation and market practices, such as the move to Value at Risk (VaR) margining. “Once you start thinking about your risk management in terms of portfolio risk management, and you start saying that VaR is a crude tool and that you want to look at different subsets of a portfolio, but apply stress-tests and other scenarios, it really isn’t particular to a single asset class,” Toyer explains. “It’s about saying: I want to see these risk measures over multiple positions. Risk managers need to change the scenarios and subsets of portfolios to suit current market conditions.”
In 2019, Numerix integrated OVAM with a wider range of sell-side pricing models and added additional support for structured products and crypto markets. It will continue decoupling products from the main Oneview solution to suit clients’ needs, and will add new risk measures, VaR models and stress-testing scenarios in the coming months
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 Awards & Rankings
Sell-Side Technology Awards 2024 winner’s interview: Broadridge
In this year’s Sell-Side Technology Awards, Broadridge Financial Technology won Best outsourcing provider to the sell side thanks to its hugely successful business process outsourcing offering
Waters Rankings 2024: Best market risk solution provider (highly commended)—FactSet
Product/service: FactSet Multi Asset Class Risk Solutions
Waters Rankings 2024: Best portfolio management system provider (highly commended)—FactSet
Product/service: FactSet PM Hub
Waters Rankings 2024 winner’s interview: IPC Systems
IPC Systems won the Best cloud infrastructure provider category in this year’s Waters Rankings. Tim Carmody, CTO of IPC, discusses his firm’s recent success in the rankings
Waters Rankings 2024 winner’s interview: Vneuron
Vneuron Risk & Compliance won the best AML compliance solution provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: Cloud9
Cloud9, part of Symphony, won Best trading floor communication system provider category in this year’s Waters Rankings.
Waters Rankings 2024 winner’s interview: AI Risk
New York-based AI Risk won the Best cyber security provider category in this year’s Waters Rankings.
Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions