RiskVal

RiskVal Financial Solutions, LLC. is a financial engineering company founded in 2001 which CREATES software for the financial services industry. RiskVal provides software such as analytics and trading systems in fixed-income, credit derivatives, equity, foreign exchange, and derivative securities. The company also offers consultation services in risk management, trading strategies, and financial engineering.

RiskVal is headquartered in New York City, New York and has offices in New Jersey and Taipei, Taiwan.

History

RiskVal Financial Solutions was founded by current President and CEO Jordan Hu in 2001. The result was the independent front-office trading system for fixed-income securities. Though many large banks developed propriety software, the projects were expensive. RiskVal provided a SaaS designed to share the cost of producing such technology. In addition, the public nature of the software provides a safeguard against issues faced by financial markets with the LTCM collapse by providing transparency.

After two years of production, the first official version of RiskVal Fixed-Income (RVFI) become available in 2003. The first client was one of the largest private companies in North America and it has since been deployed in almost all Tier 1 Banks in North America on the trading desk. In 2005, RiskVal was invited by one of the largest European banks to develop a credit software, which became known as RVCredit. By 2008 it was deployed to similar institutions worldwide, running at 9 out of the 10 top credit derivative providers.

Throughout the production of their software, RiskVal partnered with other industry leaders to provide clients with fully integrated software. A few notable partnerships include one with Numerix LLC which addressed specific challenges that allowed many banks' in-house systems to adapt to the constant trading fluctuations within complex markets, one with Markit that integrated risk management and portfolio valuation for their industry standard credit market data, one with Eris Exchange that built complex derivative structures with cash, swap and cleared components through RiskVal’s RVFI platform,

In recent years, RiskVal has received positive attention from industry analysts and critics. The company was first noticed by financial media at the Finextra Innovation Showcase of 2009 for adapting quickly to changing market conditions during the downturn. It was noted by Finextra that “when market turmoil strikes, being able to quickly deliver innovative new risk features to help customers cope is an admirable trait.”

In 2010, Riskval released RiskVal Commodity (RVCom), which is a SaaS middle office value-at-risk (VaR) and scenario risk management services system. This product covers energy, agriculture, precious metal, future options, and can be customized to cover other sectors.

Public Recognition

In year 2009, RiskVal was awarded Best Credit Solution by Risk Waters, the leading financial technology awards. Winners are determined directly by the votes of trading desk clients seeking alpha.

As a result of the improved customer service and their "software’s strong functionality and innovative core technology," RiskVal was recognized in the Chartis Research "RiskTech 100 Rankings" for 2010. The following year Chartis released the sixth edition of their RiskTech100 Report, where RiskVal jumped nine rankings. It was noted again for functionality and core technology, and also gained for strong customer service.

Expansion

In response to the industry recognition, new products, and record growth in 2008 and 2009, RiskVal opened a new permanent office in Taipei, Taiwan to allow for 24 hours support operations for their products.