Study outlines how to get the information required to understand risks and opportunities in a format and timeframe that enables effective decision making

New York, NY and London, UK, March 14, 2011 – Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management and Hyper Rig, the provider of multi-asset real time risk management solutions, today announced the availability of a white paper prepared jointly by both firms entitled, “A Framework For Real-Time Risk Aggregation.” Often times due to disparate systems and locations, banks are unable to see their risk exposures in real time. They have no consistent view of aggregated risk across asset classes, no single view of market risk, no consolidated view of exposures by counterparty and no consolidated view of market and credit risk. That's where a framework for real-time risk aggregation comes in.

The whitepaper addresses the challenges and bottlenecks that banks need to overcome in terms of data, performance, scalability, openness, transparency and implementation, and outlines the information required to understand risks and opportunities in a format and timeframe that enables effective decision making.
Topics covered in the white paper include:

• Thorough discussion of what’s needed to overcome the challenges and bottlenecks for real-time risk aggregation.
• Dealing with the data challenges.
• Monte Carlo Performance: breakthrough performance through the use of intelligent distributed grid computing and optimization techniques.
• Model Consistency: consistency between the models used for pricing each instrument on a firm-wide basis.
• Scalability: Understanding what banks can do to grow their key systems.
• Volatility: managing day-to-day volatility.

If you would like to download a copy of the white paper, please visit:

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. Numerix offers clients a highly flexible and fully transparent framework for the pricing and risk analysis of any type of OTC derivative financial instrument. From vanillas and "semi-exotics" to bespoke derivatives, structured products and variable annuities, Numerix allows users to calculate prices and manage risk using any data set.

Since its inception in 1996, over 700 clients and 50 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 Australia, Beijing, Chicago, Dubai, Hong Kong, India, London, New York, Singapore, South Korea and Tokyo, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit

About Hyper Rig:
Hyper Rig Ltd provides real time, multi-asset risk management solutions to financial companies seeking to proactively manage their risk and transform how they do business. Purpose built for speed, Hyper Rig provides a complete modular risk solution that integrates intelligent messaging technology with grid computing and caching technologies to deliver unparalleled performance. Companies can aggregate their risk exposure across business silos to better understand their exposures and analyse it in real-time.

Using Hyper Rig’s front end decision tools, companies can now perform real time VaR, Stress testing and “What If” simulations to react quicker to today’s volatile markets. Quick reference visualisation dashboards have been designed for users to quickly spot problems and/or opportunities. Traders can now focus on exceptional activity or opportunity alerts that may foretell exceptional risk or exceptional profit instead of every trade. For more information, please visit or contact +44 (0) 203 301 6320.

Media Contact:
Todd Swearingen
+1 646-898-1294

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