Numerix’s NxCore App Development Platform Named Best Sell-Side Analytics Product of the Year

Sell Side Technology Awards 2021 Recognizes Numerix for Market-Leading Technology Innovation

Numerix, the leader in risk technology, announces it has the won the award for Best Sell-Side Analytics product for NxCore, its cloud-based capital markets development platform. The microservices-based product enables quant researchers, developers, and traders to sandbox, build and configure any app in a dynamic developer environment.

Designed to provide clients with the components to build and configure their front- and middle-office platforms, featuring trading, risk and XVA support, custom applications can also be created using a powerful set of analytics, data and cloud compute tools.

Satyam Kancharla, EVP & Chief Product Officer, Numeirx spoke with Waters Technology Editor and Chief, Victor Anderson and said, “We started with the lowest layer—the analytics, the model libraries and the calculations. Then we built out layers above that for managing the data, the compute scalability allowing clients to run calculations over thousands of cores, and the visualization [functionality], all of which are built as microservices, which means they are individual components. They have their own APIs and they can be used as standalone components or in combination with others—NxCore is really the productization of all of these components.”

Designed for the Evolution of the Capital Markets

Financial firms are increasingly relying on quantitative analytics in order to navigate complex regulatory constraints, to optimize the balance sheet, and to improve returns. Today’s developers want to build models quickly with real data, have the option use their own library in some cases and have the flexibility to collaborate with colleagues. NxCore provides the ability to work in a sandbox giving users the ability to experiment, and also to publish work as tools that others can reuse.

Comprising APIs, sample applications and a microservices-based architecture, users can mix and match only the NxCore components they require. It is enterprise-grade scalable—it can be deployed at scale with hundreds or thousands of cores—it is real time, and can be integrated into a bigger platform or run as a standalone application or service, either in the cloud or in-house.

About Numerix

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more about Numerix: www.numerix.com