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Risk Management

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Derivix Adds J.P. Morgan and S.A.C. Venture Investments As Strategic Investors

New investments enable continued product innovation, and expansion of the company's sales and customer support infrastructure.

Derivix, the financial software firm providing options analytics, electronic execution and real-time risk management, announced that J.P. Morgan and S.A.C. Venture Investments, LLC, an affiliate of S.A. C. Capital Advisors, L.P. are new investors in the product.

"We are thrilled to be investing in Derivix. The product offerings and vision of the management team position the company to be an important player in the electronic marketplace," stated an S.A.C. Venture Investments, LLC spokesman, in the release.

Derivix offers advanced analytics functionality, broker-neutral execution and portfolio risk performance platform to meet the competitive challenges of derivatives trading.

The investments follow a year of ongoing growth and performance by Derivix, the company noted in its release. In 2009, Derivix significantly increased its client base, continued its pioneering product development and further expanded its partner program, said the company. The investment will enable the company to enhance its product by funding continued product innovation, expanding its sales and customer support infrastructure, and fueling its entry into new marketplace.

"We have been impressed with the with the speed, accuracy, and simulation functionalities of the Derivix Risk Management Platform. We are looking forward to offering the Derivix platform as part of our integrated client trading solution, ultimately enhancing the clients' trading decision making process," commented Neil McDonald of J.P. Morgan, in the release.

The new investors join Susquehanna Growth Equity, LLP and Goldman Sachs, which became strategic investors in Derivix in 2008, when the company began to form key partnerships and management development initiatives. In its commitment to growth, Derivix also appointed industry veterans Carrick Pierce as president and Richard Schenkman to the board of directors.

Commenting on J.P. Morgan and S.A.C. Venture Investments, LLC, Jonathan Weedon, CEO and co-founder of Derivix stated, "These investments are further proof of the strength of our products, people and vision." In addition, "Derivix," he said in the release, "is committed to empowering our customers with the most advanced solutions available as we continue to set the bar for innovative software solutions in the derivatives marketplace."

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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