Riskfuel has been awarded the Best Sell-Side Newcomer award by leading industry journal WatersTechnology. Judged by a panel of industry experts from across the market, the highly valued Sell-Side Technology Awards acknowledge excellence in trading technology. Riskfuel stands in the winners’ circle with other winners including Bloomberg and Numerix.
Riskfuel is rapidly gaining traction with its novel use of deep neural networks to eliminate a problem that has long plagued the capital markets: slow and expensive-to-run financial models required to calculate the prices and risks of derivatives portfolios. Formed just two years ago, Riskfuel technology is already employed in production environments where it gives its users significant advantages when competing for new deals and in the management of portfolio risk.
Riskfuel accelerates a firm’s own in-house models to near real-time. Faster models allow traders and risk managers to make decisions based on current market conditions rather than relying on numbers calculated the night before using yesterday’s market data.