Toronto, April 25, 2022 — Riskfuel, an innovative technology company developing ML tools to accelerate pricing and derivatives valuation, announced today that it has been named Best Sell-Side Newcomer – Trading, Pricing & Analytics at the 2022 WatersTechnology Sell-Side Technology Awards.
The awards recognize technological innovations that benefit firms such as investment banks that issue, sell, or trade securities. Riskfuel transforms valuation and risk calculations of complex derivatives products from an overnight process to an on-demand process. In collaboration with Microsoft and Scotiabank, Riskfuel’s technology was shown to accelerate production workloads by more than 20 million times, allowing for on-demand recalculation of portfolio values and a complete up-to-the-second view on risk.
“The lack of on-demand price and risk information has always been a problem for the derivatives market”, said Riskfuel CEO Ryan Ferguson, “not only because it’s impossible to manage your risks in real-time, but also because it prevents needed innovation such as robust stress testing. By removing this bottleneck, Riskfuel opens the gates to a flood of innovation in the derivatives quant space.”
Riskfuel is transforming market risk management for banks and insurance companies. Risk calculations that normally take hours or days can now be completed in seconds, giving Riskfuel clients full insight into their risk at all times.
For more information, visit Riskfuel.com
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