industry software founded 2001 headquarters new york city u.s. key people jordan hu ceo website www.riskval.com riskval financial solutions llc . is a financial engineering company that creates software as a service saas for the financial services industry . riskval provides software such as analytics and trading systems in fixed income credit derivative 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 . contents 1 history 2 clientele and partners 3 awards and recognition 4 external links 5 references history edit riskval financial solutions 1 was founded by current president and ceo jordan hu in 2001 . the result is an independent front office trading system for fixed income securities . 2 while many large banks developed costly propriety software riskval provides a saas designed to share the cost of producing such technology . the public nature of the software provides transparency safeguarding against issues faced by financial markets . the first official version of riskval fixed income rvfi became available in 2003 after two years of production . its first client was one of the largest north american private companies and it has since been deployed on the trading desks of almost all tier 1 banks in north america . in 2005 riskval was invited by one of the largest european banks to develop a credit software which became known as rvcredit . 3 by 2008 it was deployed to similar institutions worldwide ranking at number 9 out of the 10 top credit derivative providers . 4 5 riskval has received 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 . 6 in response to the industry recognition new products and record growth 7 in 2008 and 2009 riskval opened a new permanent office in taipei taiwan to allow for 24 hour support operations for their products . 8 in 2010 riskval released riskval portfolio rvportfolio a real time saas which offers enterprise wide fully integrated real time bucket risk analysis in addition to real time p l. in the same year riskval released riskval commodity rvcom a saas middle office value at risk var and scenario risk management services system . this product covers energy agriculture precious metal and future options and can be customized to cover other sectors . 9 clientele and partners edit riskval s clients comprise tier 1 and tier 2 banks and hedge funds . riskval gained significant market share among sell side institutions since 2008 and today over half of new primary dealers use riskval on their trading desks . the company works with both buy and sell side clients . riskval has partnered with other companies to provide clients with fully integrated software . some notable partnerships include one with numerix 10 which addressed specific challenges that allowed many banks in house systems to adapt to the constant trading fluctuations within complex markets 11 one with markit that integrated risk management and portfolio valuation for their industry standard credit market data 12 and one with eris exchange that built complex derivative structures with cash swap and cleared components through riskval s rvfi platform . 13 awards and recognition edit 2009 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 . 14 2010 recognized in chartis research s risktech 100 rankings for improved customer service and its software s strong functionality and innovative core technology . 15 2011 recognized in chartis research s risktech 100 rankings again jumping up nine rankings for its functionality and core technology as well as strong customer service . 16 2014 included in cio review s 20 most promising compliance technology solution providers list . 17 2015 won custody risk 2015 s risk technology vendor of the year award . 18 2015 won waters sell side technology s best sell side market risk product award . 19 2015 won smartceo s future 50 award . 20 2015 ranked in chartis resarch s risktech 100 rankings . 21 2016 won smartceo s future 50 award . 22 2016 ranked in chartis research s risktech 100 rankings for the sixth consecutive year . 23 2016 won two categories in the annual waters rankings a widely respected industry awards program organized by waters technology riskval was awarded best market risk solution provider for riskval fixed income rvfi analytics and best portfolio management system provider for riskval portfolio rvportfolio . 24 2016 won smartceo s corporate culture award . 25 external links edit official website references edit riskval global derivatives hedge funds asset management risk management . riskval.com . retrieved 2011 09 06 . all partners . markit.com . retrieved 2012 05 25 . riskval rvcredit integrated with numerix analytics . numerix.com . retrieved 2012 05 25 . riskval reports record growth . finextra.com . 2009 02 05 . retrieved 2011 09 07 . bgc voice and electronic brokerage . bgcpartners.com . retrieved 2012 05 25 . innovation showcase riskval reacts quickly with tools to help credit markets in turmoil . finextra . 2009 02 09 . retrieved 2011 08 31 . riskval reports record growth . finextra.com . 2009 02 05 . retrieved 2011 09 06 . riskval opens taiwan office for follow the sun support development data management review . datamanagementreview.com . retrieved 2011 09 06 . riskval releases rvcom risk management for commodities prlog . prlog.org . retrieved 2011 09 06 . riskval rvcredit integrated with numerix analytics . numerix.com . retrieved 2012 05 25 . riskval partners with numerix to extend the scope of its derivatives trading and risk management . istockanalyst.com . 2008 06 24 . retrieved 2011 09 06 . markit and riskval partner to create credit derivative platform . bobsguide.com . 2009 02 12 . retrieved 2011 09 12 . press release eris swapbook launch and ois discounting pdf . erisfutures.com . 2011 05 19 . retrieved 2012 03 11 . risk val wins best credit risk solution in the 2009 waters rankings . prweb.com . 2009 08 20 . retrieved 2011 09 06 . riskval cracks the risktech 100 survey for the first time . riskval advances to top 50 in risktech 100 survey 2011 . insurancenewsnet.com . 2011 11 09 . retrieved 2012 03 11 . cioreview compliance technology special oct 2014 . magazine.cioreview.com . retrieved 2015 10 15 . 2015 winners custody risk americas awards . www.custodyriskawards.com . retrieved 2015 10 15 . winners 2015 sell side technology awards . events.waterstechnology.com . retrieved 2015 10 15 . 2015 winners smartceo future 50 awards . www.smartceo.com . retrieved 2016 06 17 . risktech100 2015 . retrieved 2016 06 17 . 2016 winners smartceo future 50 awards . www.smartceo.com . retrieved 2016 06 17 . risktech100 2016 . retrieved 2016 06 17 . waters rankings 2016 all the winners . retrieved 2016 07 15 . riskval named 2016 smartceo corporate culture award winner . www.riskval.com . retrieved 2016 09 12 . retrieved from https en.wikipedia.org w index.php title riskval & oldid 739046408 categories financial services companies of the united statesfinancial software companiesbanking software companiescompanies based in new york citycompanies established in 2001 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this 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