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USD/INR 46.4800 46.4900
1m FWD 0.1979 0.2079
3m FWD 0.6140 0.6240
6m FWD 1.1663 1.1763
MIFOR 3m 5.7200 5.7200
MIFOR 6m 5.4400 5.4400
MIBOR o/n 4.8400 4.8400
3m ATMF 6.6000 7.4000
6m ATMF 6.6000 7.4000
 

This service is provided to the clients that require revaluation for complex derivatives structures. Pyxis valuation service team provides its clients with valuations of illiquid, hard-to-value OTC securities and exotic structured products.

Through a combination of mathematical modeling, market data, software and customer service expertise, Pyxis enable clients to comply with derivatives regulations by providing transparent and auditable valuation reports.

Pyxis uses its in-house analytical libraries, RisKanalytics and Numerix libraries to provide the service. Pyxis resources are Numerix certified professionals, and are expert in creating structured product templates, valuation, stress testing and risk reporting.

One of the most proven means of reducing cost is outsourcing. We, at Pyxis are fully capable of handling front and mid-office operations. With our expanding pool of talented professionals that has an expert knowledge of derivatives, coupled with our customized training programs, Pyxis is poised to providing training to professionals for undertaking specific tasks relating to front and mid office a simple task.

Pyxis undertakes periodic activities like back testing of models or regular help in managing the business. This can be extended into areas like measuring the performance of dealers/Desk/Treasury on several parameters which Pyxis will assist its client in establishing.

Along with this Pyxis is also well placed for handling activities like:

 

 
Documenting Risk Management policy for usage of derivatives
Providing MTM values of various transactions
Defining and documenting Measure of Hedge Effectiveness
Setting up Measuring Hedge effectiveness and reporting the same.
Trade Capturing and regular reporting for valuation and risk.
Back-testing various models
Hedge Fund Administration
 
 

This will allow banks to focus more on their core activities and will still be in line with international standards when it comes to internal processes and controls.

 
 
  Pyxis Systems to support NumeriX customers in Apacs
August 2008, www.finextra.com
  Derivatives Trade Is A Fairly Complex And Niche Business
September 2007, www.biztech2.com
  Derivative Pricing
August 2007 - Compliance, Risk & Opportunity (CRO) Journal
  Pyxis, an Indian KPO adventure in the derivative segment
December 2006 - The Economic Times
  UTI Bank ties up with Pyxis Systems
September 2006 –The Economic Times
 

Pyxis carves a niche in Financial Software Mart
June 2006, Business Standard

   
 
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