Numerix Credit Trader
Numerix Credit Trader is a new extension to the Numerix CrossAsset platform. It features a series of customised spreadsheets for viewing and testing trades, and monitoring market data and risk metrics. Front-office professionals can then track, manage and analyse a book of trades, monitor relevant market data and accurately value complex credit derivatives.
The Numerix Credit Trader is available in two versions – correlation and single names – both consisting of a Microsoft Excel template that includes 11 worksheets for performing key credit trading tasks.
The worksheets are divided into three categories: a trade blotter (which allows users to define bespoke CDO baskets using a combination of single names and constituents of standard indexes), risk monitors and market monitors.
The Numerix Credit Trader provides deal-, tranche- and portfolio-level analytics, based on Numerix’s library of market-standard models. Features include index hedge reports for bespoke CDOs, delta/gamma hedging to neutralise specific risks, and risk reporting, sensitivity analysis and stress-testing. The application enables analysis for credit correlation trading, with fast creation of bespoke baskets.
Numerix, headquartered in NewYork, won a joint Technology Innovation Award last year for its structured credit desktop, NxR2, which was created with technology vendor R2 Financial Technologies.
Steve O’Hanlon, chief operating officer at Numerix, says: “This is a more flexible offering than what we’ve provided in the past because it’s focused on traders’ needs and takes into consideration their work flow requirements.”
The week on Risk.net, December 2–8, 2017Receive this by email