NumeriX, the leading independent provider of advanced analytics for the derivative and structured products market, and Paladyne Systems, a leading provider of alternative investment solutions, today announced a strategic partnership which combines the NumeriX trading, pricing and analytical toolset with Paladyne’s hosted front-to-back office hedge fund platform. Paladyne customers may now leverage NumeriX to analyze and price complex product types both on a pre- and post-trade basis.
NumeriX offers a suite of ‘enhanced’ industry standard model algorithms, which supports over 150 predefined instrument types across a wide range of asset classes. The NumeriX in Excel and NumeriX / Bloomberg product versions, which will both be integrated with the PALADYNETM front-to back-office suite of products, will support complex trading strategies such as credit risk, global macro, volatility shift and correlation trading. The NumeriX system provides a flexible toolset for analyzing new deals and product types as they are introduced to the market, and as a result, gives fund managers using both NumeriX and Paladyne first mover advantage to value, price and capture these transactions.
The PALADYNE product suite is a fully integrated suite of modules including order management, real-time P&L and portfolio management, portfolio accounting, reference data management, custom reporting and data warehousing, and pricing and valuation. By integrating the NumeriX system into PALADYNE, fund managers can value exotic derivatives and structured products both in real-time or as part of the end-of-day valuation process.
"The ability to properly analyze and value complex derivatives and structured products is a significant challenge facing today’s hedge fund managers," said Sameer Shalaby, ceo of Paladyne Systems. "By integrating NumeriX into our suite of products, managers now have the tools and infrastructure to not only gain competitive trading advantages, but to satisfy the operational demands of regulators and institutional investors as well."
"The Paladyne partnership gives us the ability to offer our advanced analytics to a broader segment of the alternative asset manager community," said Steven O’Hanlon, president and coo of NumeriX. "The proliferation of exotic derivatives and structured products has created investment opportunities that most asset managers are unable to exploit. Finding alpha in today’s market requires the sophisticated analytical tools and operational infrastructure offered through this partnership."
The combined offering of Paladyne and NumeriX will be available in the upcoming months.