Derivix
Risk visualization and analytics solutions to financial institutes.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Established in 2005 by founder Michael Barrett Stern, Derivix operated as a financial services software company specializing in the derivatives market. The firm was headquartered in New York City and catered to a sophisticated client base that included options traders, sales traders, and hedge funds. Derivix provided an all-in-one software solution for options pricing, real-time analytics, and portfolio risk management. Its business model centered on delivering these institutional-strength tools to help financial professionals navigate the complexities of the electronic marketplace.
The company's product suite was designed for performance and flexibility. Key offerings included Derivix Analytics, a tool for interacting with derivatives markets, and Derivix Portfolio Risk, which gave users enhanced visibility and control over portfolio risk. The platform also featured multi-broker electronic execution capabilities. A core tenet of the company's strategy was its commitment to broker neutrality, which provided clients the flexibility to integrate the solutions within various business structures. In 2010, Derivix secured $6 million in a Series A funding round with participation from J.P. Morgan, among others.
A significant milestone in the company's history occurred in June 2012 when it was acquired by FlexTrade Systems, a provider of algorithmic trading platforms. The acquisition aimed to combine Derivix's expertise in portfolio risk management and scenario analysis with FlexTrade's multi-asset execution management system. Following the acquisition, the entire Derivix team joined FlexTrade, and its platform was integrated with FlexTrade's FlexOPT to create a more comprehensive options trading solution.
Keywords: Derivix, financial software, options trading, derivatives markets, risk management, portfolio analytics, options pricing, electronic execution, FlexTrade, fintech, institutional trading, hedge funds, broker neutrality, trading solutions, financial technology, Michael Barrett Stern, algorithmic trading, asset management, capital markets, order management system