NumeriX, the derivatives pricing software provider, has formed a partnership with ClusterSeven, an developer of spreadsheet management and control software.
They are aiming to provide the capability to quickly and accurately price and execute financial products without leaving Excel, the trader’s preferred technology tool.
As a result of this partnership, ClusterSeven customers will gain access to NumeriX analytics through NumeriX for Excel, a series of add-in templates.
“Speed is essential to maximizing profits on new financial products,” says Ralph Baxter, the Director of Marketing and Strategy at ClusterSeven. “The integration of NumeriX’s analytics with ClusterSeven’s management software will provide traders with the technology to find accurate prices and bring new products to the market faster, all within Excel.”
“Built-in analytics inject speed and accuracy into pricing for the exotics and other complex products that deliver competitive advantage for financial services institutions,” adds Steven R. O’Hanlon, the president & COO of NumeriX. “By combining our analytics expertise with the trader’s tool of choice via ClusterSeven technology, we are helping traders mitigate risk when executing complex transactions from the back office all the way to the market.”