Gaia Transparence Integrates Numerix Analytics to address new Regulatory Environment – Managing Risk, Global Positions and Market Data in Real-Time
Paris and New York, February 4, 2014 — Gaia Transparence, a pioneer Open Source Software (OSS) provider of asset management, trading and risk systems, and Numerix LLC, the leading provider of cross-asset analytics for derivatives valuations and risk management, have announced a partnership where Numerix analytics are embedded within Gaia Transparence’s Position Builder solution for collateral management, margin requirements and Credit Value Adjustment (CVA).
The partnership provides a complete solution for the European Markets Infrastructure Regulation (EMIR) where users are able to forecast and manage initial and variation margins. In leveraging the Numerix CrossAsset library of the industry’s most comprehensive collection of models and methods, the system also provides support for mandatory trade repository reporting, and the successful monitoring of all global positions.
“Numerix is the market leader and key innovator in the field of analytics. We chose Numerix because their cross-asset capabilities and model library are both cutting edge and a recognized benchmark for the market,” comments Emmanuel Nusimovici, Chief Executive Officer of Gaia Transparence.
“As the target date for trade repository requirements under EMIR is fast approaching, our partnership with Gaia Transparence is especially timely. Our combined solution is quick to implement and Gaia Transparence’s open source platform is both easy to integrate and enhance. This user friendly interface also makes it the ideal platform for regulatory reporting,” says Steven R. O’Hanlon, Chief Executive Officer and President of Numerix.
About Gaia Transparence
Gaia Transparence is a software vendor specialized in financial markets. Its open source platform addresses new regulatory requirements including margining and reporting, front office tools and look through for fund of funds. For more about the company: www.gaiatransparence.com
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.