Numerix chosen to provide risk analysis solutions for the RBNZ

The Reserve Bank of New Zealand (RBNZ) has announced a strategic partnership with risk analysis of financial derivatives software developer Numerix for its trade valuation and risk management analytics. Consolidation of risk analytics has become a critical success factor for the banking industry from being tactically compliant to efficient and agile organizations.

Numerix Oneview platform will be used for the transformation of RBNZ’s Treasury Systems strategy and future roadmap, by providing market standard trade valuation, position and collateral management, alongside enhanced risk and performance reporting, to aid in effective decision making and reduce key operational and market risks.

Reserve Bank Deputy Governor Geoff Bascand said: “We’re improving our technology and analytics capability in our domestic and foreign market operations. For us the most important thing is to make real-time decisions based on comprehensive analytics, and the most up-to-date methodologies.”

The RBNZ will use Numerix Oneview to support pricing and risk management needs of front and middle office, with roll-out phases of the partnership with the central bank to extend the platform’s core risk functionality to provide enhanced liquidity management, collateral management and trade management as well as complete front-middle office workflow.

“Our vision for Oneview is fully consistent with RBNZ’s strategy, where they sought to transform their business using an analytics platform that supports front office trading and middle office risk in a unified way,” said Steven R. O’Hanlon, Chief Executive Officer & President at Numerix in an official statement, adding that they “are fully committed to working in the closest collaboration with RBNZ on their path to transformation where Numerix analytics will be an important part of its daily business operations going forward.”
In November 2015, Numerix had integrated OneMarketData’s One Tick into the Numerix CrossAsset analytics suite, allowing the company to simplify the market data integration and management process resulting in a more robust, end to end system that automates the normalization and cleansing of data. The new solution enabled a streamlined deployment and improved confidence in market data to better understand, analyze and anticipate future derivatives risks with higher speed and accuracy.

Numerix customers include Nomura Research Institute, Mathworks, Bloomberg L.P., Markit, and a number of academic institutions. Among its competitors are SunGuard-FastVal, Pricing Partners, and Quantifi.