Numerix and PiP Team-up on Risk Analytics Solutions for Latin America


Numerix.com – New York, NY – Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management today announces a new partnership with Mexico’s Proveedor Integral de Precios “PiP,” the leading independent price provider in Latin America, providing specialized pricing and risk services for valuation of wide range of financial instruments.

Numerix will enrich the PiP Analytics service platform with risk sensitivities, market risk factors, credit- and counterparty risk factors and performance attributions including CVA, PFE, DVA, DV01, and VaR. The new analytics platform provided by PiP offers real time analytical services that can be consumed by their customers to access a wide range of data and analytical tools.

“As the calculations of CVA and PFE have become increasingly important risk management mechanisms, especially in the Mexican and Colombian derivatives marketplace, we’re focused on further developing value added products to our customers, enabling a better and more efficient process. Underpinning PiP Analytics with the industry’s most comprehensive library of models and methods and dynamic suite of Numerix CrossAsset pricing and risk analytics is a very powerful addition to our platform and will be unparalleled to benefiting our customers,” said Alfredo Font, CEO at PiP.

PiP’s customers will have easy access to powerful risk analytics that will help them calculate their counterparty risk. This will enable them to meet requirements set by the regulators in the most cost effective way possible.

“PiP brings over 15 years of experience in generating accurate valuation models developed specifically for each financial market it oversees. With methodologies grounded in rigorous valuation criteria combining technical and professional experience, it is an excellent partner for Numerix to collaborate with going forward as we continue to expand our presence in Latin America,” said Steven O’Hanlon, CEO of Numerix. “Numerix will also work with PiP to develop calculators and settings for local instruments where PiP has a presence, helping Numerix to expand its technology solutions throughout the region.”

Alfredo Font, CEO of PiP continues: “Our primary goal is to provide price generation that reflects the real market conditions in a transparent, trustful and correct manner. With Numerix as our technology partner we’re able to leverage a deeper set of analytics to better serve our customers, especially as we seek to deliver a more sophisticated set of risk capabilities to our users.”

PiP began operations in 2000 and was the first pricing vendor to be authorized by the Mexican Securities Commission to provide updated prices for the valuation of financial assets. Today it has presence in six countries throughout LatAm with local offices in Mexico, Peru, Colombia, Costa Rica and Panama. Serving 600 customers, the closing daily prices that PiP generates are one of the two only authorized providers for the regulated financial entities in Mexico.

Related articles

  1. A dynamic, proactive approach is needed to continuously improve surveillance.

  2. Technology has enhanced capabilities of surveilling larger and more disparate data sets.

  3. HSBC is looking to include the impact of climate risk on the trading book.

  4. Active Investing Poised for Rebound?

    Investing in ETFs in 2020 will require a balanced and steady approach.

  5. The hosted offering quickens reporting by shortening credit risk calculations.