Press release: for immediate release
Xenomorph values d-fine
London, England, 29 March 2006
Data management specialist Xenomorph today announced that d-fine, one of the leading European risk management consulting firms, has become an officially accredited implementation partner for its TimeScape data and decision management system. Over recent years, d-fine has consistently demonstrated its market-leading expertise in derivatives and risk management consultancy.
During the accreditation process, d-fine worked with Xenomorph on a project to build a Value-at-Risk calculation module within the TimeScape software, based on historical simulation. One of the major issues when implementing risk management systems is having a data infrastructure in place that ensures that accurate market and scenario data is feeding an institution’s risk management processes. Xenomorph’s and d-fine’s joint work on this project extended TimeScape’s functionality to become an ideal solution for risk management calculation as well as having the flexibility to allow the latest types of exotic derivatives to be incorporated as and when they are created.
Greg Johnson, Xenomorph’s Chief Operating Officer, says “The quality of d-fine’s work in derivatives and risk management consultancy is, we believe, second to none. As such it gives me great pleasure to announce that they have become an accredited implementation partner for our TimeScape data and decision management solutions and we look forward to more collaboration with d-fine in the future.
”Richard Rossmanith, director of d-fine’s London office, replies “I have been impressed with Xenomorph’s modern technology platform for data accuracy and time series management for some time. Working with them on this project allowed us to also become acquainted with their analytics layer for curve modeling and derivatives pricing. It really was the natural thing to do to add value at risk calculation in the form of historical simulation to this platform. The implemented framework will also allow the easy addition of further VaR methods, such as Monte Carlo, parametric Delta-Gamma, or market stress tests. We look forward to continue collaborating with Xenomorph, and we are delighted to become their accredited partner.”
For further information, please contact
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Xenomorph
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d-fine |
About Xenomorph
Xenomorph delivers high performance data and decision management solutions for the capture, cleansing, control and analysis of high volume real-time, historical and derived data across all asset classes.
Xenomorph’s clients include global investment banks, major asset management companies and hedge funds across the world's main financial centres, where they are used by traders, fund managers, quantitative analysts, risk managers, IT and back-office staff.
Established in 1995, Xenomorph is a privately held firm with offices in London and New York.
For more information on Xenomorph, our clients, services and solutions, please see www.xenomorph.com.
Xenomorph® and TimeScape™ are registered trademarks of Xenomorph Software Limited. Other product and company names herein may be trademarks of their respective owners.
About d-fine
d-fine is a leading European consulting firm dedicated exclusively to the finance industry. From offices in Frankfurt and London, their 150+ professional staff advise banks, insurance firms, asset managers and hedge funds in the areas of finance, risk management, quantitative modeling, and IT integration. They have earned particular renown in the industry for their very successful third party trading and risk management system implementation services.
d-fine emerged in 2002 as MBO from the financial risk consulting practice of Arthur Andersen Germany which had been operative since 1996.
Today d-fine’s clients profit from a wealth of practical experience gained through an impeccable track record of 200+ successfully delivered projects, firmly establishing d-fine amongst the top 25 management consulting firms in Germany (by turnover). The future predicts further expansion in Europe and worldwide, with first risk and capital management projects undertaken in Singapore.
For more information on d-fine, go to www.d-fine.co.uk