NumeriX and ClusterSeven Team Up on Trade Transaction Solution
NumeriX and ClusterSeven have announced a strategic partnership, providing a solution that is designed to give customers the capability to price and execute financial products without leaving Excel. As a result of this partnership, ClusterSeven customers can access NumeriX analytics through NumeriX for Excel, a series of flexible add-in templates. Currently, structurers model financial products through software developed in-house; the models are then exported to Excel for pricing and execution. Although Excel is a user-friendly interface for traders, there is a risk of lost data and latency in trade execution. The companies claim that the combined technology helps eliminate this risk while accelerating the time-to-market by building underlying analytics right into the Excel interface.