Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
New Functionality for Swap Aggregation Increases CVA & PFE Calculation Speed

Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced key features and functionality now available in Numerix CrossAsset, its flagship analytics framework for structuring, pricing and risk managing any derivative.

“The importance of financial and risk management capabilities in portfolio level analytics has never been greater, especially when considering the impact of collateral optimization on CVA, dynamic hedging techniques and managing the regulatory cost of capital,” said Steven R. O’Hanlon, President & COO of Numerix.

Tom Davis, VP of Client Solutions at Numerix adds: “Daily risk assessment across a portfolio needs models that not only preserve the distribution of prices, but also are efficient to compute. In CrossAsset 10.2 this was our focus – empowering clients with the applicable coverage and advanced functionality needed to respond quickly and efficiently to the evolving regulatory and market environment.”

Key Numerix CrossAsset 10.2 functionality includes:

Innovative Risk Techniques to accelerate the computation of exposures and CVA (Credit Value Adjustment)/PFE (Potential Future Exposure) for large portfolios of Interest Rate swaps, FX Forwards and Cross-Currency swaps. By aggregating their cashflows to represent the portfolio as a "superswap" this approach, which is based on aggregating cashflows for linear instruments is used to make the calculation faster.

New Performance Enhancements to improve CVA calculation time for portfolios of credit derivatives with the addition of the CIR Model (Cox–Ingersoll–Ross) for credit pricing and CDS valuation. In addition, calibration of the FX Stochastic Local Volatility model to FX barrier options was enabled as well as Backward Monte Carlo pricing of continuous barriers. This innovation greatly reduces the time taken to price barrier options.

Improved Functionality to manage the complexities of pricing and structuring OTC derivatives. PaymentStream Builder allows users to price any deal streamlining the creation of 80% of the most commonly traded derivatives, reserving the power of scripting for bespoke structured products. Users can enter the conditions of their term sheet and price any bespoke instrument simply and directly, including risky bonds and credit default swaps.

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easi...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have inf...
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, H...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framewo...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE