RiskVal

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RiskVal Financial Solutions, LLC
Limited Liability Company
Industry Software
Founded 2001
Headquarters New York City, U.S.
Key people
 Jordan Hu, CEO
Website www.riskval.com

RiskVal Financial Solutions, LLC. is a financial engineering company that creates Software as a Service (SaaS) for the financial services industry. RiskVal provides software such as analytics and trading systems in fixed-income, credit derivative, equity, foreign exchange, and derivative securities. The company also offers consultation services in risk management, trading strategies, and financial engineering.

RiskVal is headquartered in New York City, New York and has offices in New Jersey and Taipei, Taiwan.

History

RiskVal Financial Solutions [1] was founded by current President and CEO Jordan Hu in 2001. The result is an independent front-office trading system for fixed-income securities.[2] While many large banks developed costly propriety software, RiskVal provides a SaaS designed to share the cost of producing such technology. The public nature of the software provides transparency, safeguarding against issues faced by financial markets.

The first official version of RiskVal Fixed-Income (RVFI) became available in 2003 after two years of production. Its first client was one of the largest North American private companies, and it has since been deployed on the trading desks of almost all Tier 1 Banks in North America. In 2005, RiskVal was invited by one of the largest European banks to develop a credit software, which became known as RVCredit.[3] By 2008 it was deployed to similar institutions worldwide, ranking at number 9 out of the 10 top credit derivative providers.[4][5]

RiskVal has received positive attention from industry analysts and critics. The company was first noticed by financial media at the Finextra Innovation Showcase of 2009 for adapting quickly to changing market conditions during the downturn.[6]

In response to the industry recognition, new products, and record growth[7] in 2008 and 2009, RiskVal opened a new permanent office in Taipei, Taiwan to allow for 24-hour support operations for their products.[8]

In 2010, Riskval released RiskVal Commodity (RVCom), a SaaS middle office value-at-risk (VaR) and scenario risk management services system. This product covers energy, agriculture, precious metal, and future options, and can be customized to cover other sectors.[9]

Recently, RiskVal expanded its compliance capabilities, and it continues to stay on top of active issues and market practice in the trading and risk management regulatory space.

Products and Services

Analytics and Risk

  • Relative Value Fixed Income (RVFI), RiskVal’s flagship product, is a multi-currency and multi-strategy trading system that integrates complex front, middle, and back office functions into a smooth and ready-to-use SaaS platform.
  • RiskVal Portfolio (RVPortfolio) is a real-time SaaS which offers enterprise-wide fully integrated real-time bucket risk analysis, in addition to real-time P/L.
  • RiskVal’s Asset Management System (RVALM) helps the front office identify more attractive trading opportunities, allowing advisers to both minimize risk and maximize return within a single platform.
  • RiskVal Credit System (RVCredit)’s corporate event management is a state-of-the-art management component that ensures the index constituents and weights are properly mapped and adjusted.
  • RiskVal’s Mortgage Platform (RVMortgage) simulates future home loan performance using econometric models.
  • RiskVal’s Excel (RVExcel) add-in utilizes less than 150 RiskVal functions to evaluate complex financial instruments, which dramatically improves the learning curve and reduces development efforts.

Trading and Execution

  • RiskVal Dealership System (RVDealer) is a fixed income sell-side solution for US-based market makers, providing a powerful pricing matrix with RiskVal’s award winning real-time analytics to help dealers stay ahead of the market.

Apps

  • RiskVal’s USD Treasury RV allows users to view the most lucrative USD Treasury securities instantly.
  • RiskVal’s Spread & Butterfly Monitor lets users easily construct Spread and Butterfly strategies for any USD Treasury bond or bond future.
  • RiskVal’s Fair Value Pricing (RVAL) is an independent, unbiased pricing source that is available directly through Bloomberg Terminal.

Clientele and Partners

RiskVal’s clients comprise Tier 1 and Tier 2 banks and hedge funds. RiskVal gained significant market share among sell-side institutions since 2008, and today over half of new primary dealers use RiskVal on their trading desks.The company works with both buy and sell-side clients.

RiskVal has partnered with other industry leaders to provide clients with fully integrated software. Some notable partnerships include one with Numerix,[10] which addressed specific challenges that allowed many banks' in-house systems to adapt to the constant trading fluctuations within complex markets,[11] one with Markit that integrated risk management and portfolio valuation for their industry standard credit market data,[12] and one with Eris Exchange that built complex derivative structures with cash, swap and cleared components through RiskVal’s RVFI platform.[13]

Awards and Recognition

  • 2009: Awarded Best Credit Solution by Risk Waters, the leading financial technology awards. Winners are determined directly by the votes of trading desk clients seeking alpha.[14]
  • 2010: Recognized in the Chartis Research "RiskTech 100 Rankings" for improved customer service and its software’s "strong functionality and innovative core technology," .[15] The following year Chartis released the sixth edition of their RiskTech100 Report, in which RiskVal jumped nine rankings. It was noted again for functionality and core technology, as well as strong customer service.[16]
  • 2014: Included in CIO Review’s "20 Most Promising Compliance Technology Solution Providers" list.[17]
  • 2015: Won Custody Risk 2015’s “Risk Technology Vendor of the Year” award,[18] as well as Waters Sell-Side Technology’s “Best Sell-Side Market Risk Product” award.[19]

External links

References

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