Numerix and TMX Group's Razor Risk announce collaborative partner agreement
NEW YORK - TMX Group's Razor Risk technology, a fully integrated Enterprise Risk management product, will leverage Numerix's comprehensive library of industry standard, market tested risk and pricing models within its solutions for Credit Risk, Market Risk and Economic Capital management. Together, Razor Risk with Numerix analytics will provide additional support to clients with highly complex derivatives and enable accurate risk management across the enterprise.
Global financial regulations continue to drive demand for advanced risk functionality - mandating significant requirements under Basel and Solvency II for aggregate risk analysis, Credit Value Adjustment (CVA) calculation, collateral and Economic Capital management as well as PFMI and LSOC requirements. Transparent, accurate models and sophisticated methodologies with full breadth of function, combined with superior performance are necessary to stay competitive, profitable and maintain international regulatory best practice principles. Numerix and Razor Risk see a valuable market opportunity to work with a variety of stakeholders within a single firm, providing a holistic solution for Enterprise Risk management.