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Numerix, a pr
ovider of cross-asset analytics for derivatives valuations and risk management, is expanding in the Latin American market with a new sales office in Sao Paulo, Brazil, that will help the vendor better serve firms working in Brazil’s diverse derivatives markets.
The company also notes that “new derivative regulations [in the region are] impacting how portfolios of fixed income, money market, and derivative instruments are fundamentally priced and risk managed,” officials say.
“Compliance with minimum standards for fair value calculations, new approaches to measuring market risk and the calculation of credit valuation adjustment (CVA) under Basel III present new and complex valuation challenges,” officials say. “However, the introduction and growth of Brazilian structured note issuance also presents an opportunity to enter and potentially benefit from a new market.”
The current market is “not only about compliance, but being able to recognize imbedded opportunity in regulatory changes while minimizing operational and outsourcing costs,” says Steven R. O’Hanlon, Numerix CEO and president, in a prepared statement.
Need a Reprint?- Read More:
- Numerix
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