Derivitec Ltd
AFEX to Use Derivitec’s Risk Portal

DGAP-News: Derivitec Ltd / Key word(s): Miscellaneous

2016-01-18 / 14:00
The issuer is solely responsible for the content of this announcement.

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LONDON, UNITED KINGDOM --(Marketwired - January 18, 2016) -  
AFEX, one of the world's largest non-bank providers of global
payment and risk management solutions, has selected Derivitec's
Risk Portal product for production of its risk reports.

Derivitec's Risk Portal allows clients to access industrial
standard risk reporting software directly through the web, with
zero installation overhead, on a pay-as-you-go basis. Whilst
originally designed to handle analytics on derivative products,
the platform has been significantly extended to cover everything
from shocks to regulatory reports across a wide range of assets,
globally. End of day market data, and portfolio management are
provided as standard, leaving the client with nothing more to do
than upload portfolios and calculate to obtain their end of day
risk numbers.

AFEX's trade data is being fed into the Derivitec platform where
it will be used to deliver reports on its currency trading
positions, as well as to perform forward looking and sensitivity
analyses. AFEX was impressed with the ease of use, and
responsiveness of the platform, as well as the quick turnaround
on new requests from the Derivitec team.

Mario Pisano, Head of Global Treasury at AFEX, comments:
'Derivitec's platform stood out for us for the quality and
breadth of its risk reporting capabilities. With its easy to use
functionality, we are able to produce reports more efficiently
and it ultimately enables us to manage our working capital needs
more effectively.'

George Kaye, CEO and founder of Derivitec, comments: 'Working
with AFEX has been a fantastic experience. We were able to extend
the depth and reach of the platform rapidly, providing the
additional functionality, portfolio management and coverage
required by AFEX's highly challenging risk reporting
requirements. We are excited to continue building on our mutually
beneficial relationship going forward.'

About Derivitec

Derivitec Ltd is a privately owned, UK based independent software
vendor specialising in high performance, cost effective analytics
for the derivatives industry. Founded in Dec 2011, the company
has been working intensively towards cloud based solutions for
risk and portfolio management.

The Derivitec Risk Portal has been designed to allow users to
start analysing risk on their derivatives portfolios in a matter
of minutes. With industrial standard models and sanitised market
data as standard, customers can focus on the business of
business, while we concentrate on the business of risk.

www.derivitec.com

About AFEX

Established in 1979, AFEX is a leading global payment and risk
management solutions provider that specializes in cross-border
transactions and provides market expertise and unrivalled
customer service for businesses and private clients. With a
client base of over 25,000 active commercial customers worldwide,
AFEX prides itself on tailoring its payment and foreign exchange
services to meet its clients' needs. AFEX's online payment
platform -- AFEXDirect provides clients with one consolidated
overview of their currency exposure and makes it easy for
companies to manage international invoices. AFEX maintains
offices across the Americas, EMEA and Asia Pacific.

To find out more, please visit www.afex.com.



Contact Info:
George Kaye
+44 203 668 3682
george.kaye@derivitec.com

News Source: Marketwire


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2016-01-18 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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     Language:    English        
     Company:     Derivitec Ltd  
   
   
                  United States  
   
   
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