Asia Awards 2023: Best risk management platform—Numerix
Product: Oneview
Overview
Oneview is a cloud-native software-as-a-service (SaaS) platform that provides real-time market risk analytics, including what-if analysis, value-at-risk (VaR) calculations, advanced historical and Monte Carlo VaR, and stress testing. Its hybrid modeling generates consistent market scenarios while accounting for asset-class correlations. Oneview’s cloud-native architecture offers user firms scalability, elasticity, and cost savings. It also supports regulatory requirements like the standard initial margin model (Simm) and Fundamental Review of the Trading Book (FRTB), making it suitable for financial institutions facing regulatory and market risk challenges.
“We are honored to have won the best risk management platform category, as it validates the effectiveness of Oneview in addressing the complex pricing and risk management requirements of our clients. This achievement underscores our ability to offer a unified solution for precise and adaptable sensitivity-based risk calculations, which not only ensures regulatory compliance, but also equips client with unique functionality to compete and win business.”
Satyam Kancharla, executive vice president and chief product officer, Numerix
The solution
Oneview provides users with a view of risk at different aggregation levels across the organization. Its analytics capabilities allow for drill-down capabilities to manage and explain risk, while also driving regulatory calculations to optimize capital requirements. Today, clients need a cost-effective, cross-asset solution enabling real-time decision-making in turbulent markets. It is also cloud-native and scalable, allowing organizations to focus on strategic value.
Secret sauce
Oneview embodies Numerix’s “front-to-risk” vision. It combines cloud-native benefits and the firm’s CrossAsset analytics, allowing clients to price manage any capital markets product accurately in real time. All Oneview’s functionality can be delivered as a managed service, offering clients additional cost savings and operational flexibility.
Recent milestones
Over the past year, Numerix has added the following enhancements to Oneview:
- Added P&L explainer report, augmented the lifecycle management functionality, while enhancements to the platform’s request-for-quote (RFQ) functionality means it now supports the structured products secondary market
- Improved user interface (UI) for optimized decision-support
- Expanded market data service (NxDM) and automation (mostly around deployment and notifications)
Future objectives
Upcoming enhancements include:
- Expanding risk-based P&L attribution functionality to include the full revaluation/roll-based methodology
- Developing asset and liability management (ALM) dashboards for asset managers to compare asset and liability sensitivities (Greeks) for hedging purposes
- Transitioning to Tableau for improved usability and adding what-if/pre-trade analysis capabilities
- Adding a machine learning framework for anomaly detection and data imputation
Why they won
Numerix wins the best risk management platform category in this year’s WatersTechnology Asia Awards thanks to its Oneview offering, following up its win in the best analytics solution category last year. Oneview, Numerix’s cloud-based flagship product, supports real-time market risk analytics, value-at-risk (VaR) calculations, advanced historical and Monte Carlo VaR, and stress testing, allowing users to accurately and transparently price and manage the risk exposure around any capital markets product in real time.
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