Derivix, a financial services software company providing options pricing, analytics and real-time risk visualization, announced that the companys cloud-based Portfolio Risk solution has been named Best Innovation by an IT or Software Company at the Futures and Options World (FOW) Awards for Innovation 2009.
There was a highly competitive field for this award, with 15 entries from technology companies around the world, says Jon Hay, managing editor of FOW. In the opinion of our panel of judges, however, Derivixs cloud-based Portfolio Risk solution for options was the clear winner. It is a sophisticated and versatile tool that addresses cost-effectively one of the markets keenest needs – for fast and accurate risk management.
The Derivix Portfolio Risk solution leverages the power of cloud computing to deliver powerful technology and remarkable scalability without the large upfront capital expense of a traditional high-performance infrastructure. The innovative offering enables financial services firms to compare portfolio performance in live markets side-by-side with limitless simulations that empower customers to visualize and manage current exposures, profit and loss (P&L) and firm-wide risk in real-time.
Key features of the Derivix Portfolio Risk solution include:
Cloud computing infrastructure
Allows any trading firms to leverage Internet-based resources to manage risk and visualize rapidly changing markets without worrying about hardware investment, limitations or costs of computing infrastructure
Ability to manage real-time risk and P&L over any sized stock and option portfolio
Run pre- and post-trade risk shocks and other simulations against live market data
Assess and evaluate risk by sector, account, or group, with cross group comparisons and simple drill down to the individual positions.
Fully integrated into the Derivix pricing & analytics platform
Seamless integration into the core options pricing system to visualize and manage risk across the portfolio.
Ability to build out trade strategies to cover or leverage that risk and send trades directly into the options market
D.C.