Syntel announced it would begin providing independent pricing services to its buy- and sell-side clients using Numerix’s cross-asset pricing and risk analytics technology.
Numerix CrossAsset models and methods will also be combined with Syntel’s in-house research for Asian credit spread data across corporate securities.
The new service will deliver enhanced risk mitigation and greater transparency in pricing fixed income securities and derivatives. It will also help client manage counterparty exposure and risk, accounting and regulatory requirements and risk reporting.
Syntel CEO and President, Prashant Ranade, said in a statement, “We selected Numerix products to fuel this new service offering based on their broad range of pricing models and methods, built-in world-class analytics and strong architecture.”
Steven O’Hanlon, Numerix President and COO, added, “We are pleased that Syntel selected our products as the foundation for this new service. This relationship further validates Numerix’s commitment to providing our clients with the recognized industry standard when it comes to pricing and risk analytics.”