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Xignite, Derivitec Announces HF Risk Management Tool

Jun 19, 2013
Jing Chen

Market data cloud provider Xignite and U.K.-based software vendor Derivitec announced Wednesday that they have teamed up to develop a new hedge fund risk management tool.

In a joint statement released Wednesday, California-based Xignite will provide Derivitec with financial market data, including real-time, delayed and historical quotes, options and rates to deliver “analytics and tools to easily build models for risk analysis” for hedge fund managers.

Firms will only pay for the data they use.

Some of Xignite’s clients include Wells Fargo and BNY Mellon. Founded in 2011, Derivitec specializes in high performance, cost effective analytics for the derivatives industry.

Sources:

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