Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More
Polaris Financial Technology partners with Numerix for Credit Valuation Adjustment and Advanced Risk Capabilities

Polaris Financial Technology Ltd (POLS.BO), a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, today signed a definitive agreement with US based Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management. Leveraging Numerix's newly introduced analytics calculation engine, CrossAsset Server and CrossAsset Integration Layer for the integration, this partnership will provide clients with Numerix risk analytics for improved risk monitoring, increased transparency and decision making.

Polaris' Intellect® Risk and Treasury has more than 40 customers across 80 countries, which will now be able to comply with Basel regulatory requirements, such as consistent pricing, stress testing and accurate reporting of Credit Valuation Adjustment for robust Counterparty Credit Risk management, by leveraging Numerix's comprehensive model library and risk analytics embedded as part of the solution. In addition, Polaris will support banks to integrate Numerix models into their end-to-end pricing and risk management solutions.

Speaking on the occasion, Mr. Manish Maakan, Partner & Global Head - Intellect Business, Polaris Financial Technology Limited said, "Regulatory pressure and changing business needs demand that banks, both buy side and sell side, be able to access trading and risk management information across assets with reliable risk models. Banks therefore need customizable solutions to comply with regulatory Basel requirements. We now empower banks to seamlessly comply with regulatory and Basel compliance at a competitive price point with Polaris' Treasury/Risk IP and Numerix's risk analytics."

Steven R. O'Hanlon, Chief Executive Officer & President, Numerix said, "Numerix has a proven track record of providing users with market leading risk management and pricing analytics software to structure and value any conceivable type of financial instrument - from vanillas to the most complex deals. We needed a partner with scale and reach who can provide access to various global markets and we are excited about the opportunity to partner with a global financial technology leader like Polaris."

As the global leader in cross-asset analytics for vanillas through to the most exotic Over-the-Counter (OTC) and structured products, Numerix provides support for pre-trade pricing, structuring, trade capture, valuation, market risk (all Value at Risk measures) and counterparty risk calculations including Credit Valuation Adjustment (CVA), Debit Valuation Adjustment(DVA), Potential Future Exposure(PFE) and Funding Value Adjustment(FVA).

Numerix provides comprehensive coverage for all major asset classes, including fixed income, inflation, credit, equity, foreign exchange and commodity instruments, as well as hybrids. With a flexible and transparent framework and the industry's most sophisticated library of pricing and risk models at its core, the Numerix analytics platform is the market standard for cross-asset analytics. Many of the top trading and risk platforms used by today's financial institutions and corporate treasuries have embedded the Numerix model library and pricing architecture inside their systems. This offers a consistent pricing framework that spans a wide range of standard technology platforms, fostering transparency throughout the derivatives market.

The Polaris Financial Technology Ltd stock was trading at Rs.120.60, up by Rs.0.50 or 0.42%. The stock hit an intraday high of Rs.122.50 and low of Rs.118.60.

The total traded quantity was 0.27 lakhs compared to 2 week average of 1.01 lakhs.

Source: Equity Bulls

Posted On: 2013-02-12 00:31:22

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Reliance commissions new PFY Plant at Silvassa
N. Rajaram appointed as Country Head and General Manager - Pharmaceutical Operations of Sanofi India Limited
Cadila Healthcare Limited settles patent litigation with Depomed on Gralise®
Credit Analysis and Research Ltd announces closure of trading window for 2013-14 financial results
Roselabs Finance Ltd to consider financial results on April 29, 2014
Clariant Chemicals India sells land at Kolshet Road, Thane to Lodha Group
Mastek to Develop Data Management Platform for UK's Health Sector Regulator Monitor
Dredging Corporation of India clarifies on increase in volume
Polaris Financial Technology Ltd Board to consider Final Dividend for 2013-14
Syndicate Bank to announce FY14 results on May 07, 2014
CMC Fixes Book Closure for Dividend & 38th AGM
eClerx Services Board to consider Dividend for 2013-14
Sutlej Textiles assigned IND A+ Credit Rating
Yes Bank to announce FY14 results on April 23, 2014
Kirloskar Ferrous Industries Ltd Board to consider Dividend for 2013-14
Bharti Airtel Ltd to announce FY14 results on April 29, 2014
Shriram Asset Management Company to consider financial results on April 28, 2014
De Nora India Fixes Book Closure for 2013 Dividend & AGM
Noida Toll Bridge Company Board to consider Final Dividend for 2013-14
ICRA revises Pricol's credit ratings
Songwon Industrial Group to acquire Specialty Chemicals Division of SeQuent Scientific Limited
Texmaco Rail & Engineering Ltd to consider options for expanding businesses
Godfrey Phillips India appoints Bina Modi as additional Director
Punj Lloyd Ltd bags order worth Rs. 3254 Crores from Libya
Wim Plast purchases 1 acre land at Sipcot, Gummidipoondi comples
SRG Housing Finance Ltd Board approves Issue of Bonus Equity Shares
Prerna Infrabuild to consider sale of assets on April 21, 2014
Gujarat Hotels Board recommends Dividend of Rs. 3.50 for 2013-14
International Travel House Board recommends Dividend of Rs. 4.25 for 2013-14
AstraZeneca Pharma India Ltd defers proposal to seek shareholders nod for delisting
Aallan Paul appointed as Director of Global Infratech & Finance Ltd
Titagarh Wagons announces open offer to the Shareholders of Cimmco
S P Y Reddy resigns as Director of Panyam Cements & Mineral Industries Ltd
S P Y Reddy resigns as Director of Integrated Thermoplastics Ltd
PNB Gilts Ltd Board to consider Dividend for 2013-14
Gujarat Pipavav Port to consider revision in expansion plan
P N Shah resigns as Director of PI Industries Ltd
Biocon clarifies on bonus news
Store One Retail India Ltd to consider financial results on April 23, 2014
Indiabulls Infrastructure and Power Ltd to consider financial results on April 23, 2014
Thinksoft Global Services Ltd Board to consider Final Dividend for 2013-14
Fortune Financial Services updates on Resignation of Managing Director
Raj Television Network to review business operations
Diageo announces Open Offer to acquire United Spirits' shares at Rs. 3030
National Steel to consider final dividend for RCPS
Mastek Ltd Board to consider Final Dividend for 2013-14
LT Foods Board to consider Final Dividend for 2013-14
Aditya Birla Nuvo resumes production at Jagdishpur Urea Plant
Asian Paints Ltd arm to acquire Kadisco Chemical Industry PLC, Ethiopia
MT Educare Ltd to consider financial results for 2013-14




  

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014