Unique Footprint Differentiates Topaz

Topaz is having a busy time, according to Jon Fox, CEO. “It’s been a very interesting few months with some new customers coming on board and several others on the verge of coming aboard as well,” he told me recently. It had just gone live with a broker-dealer customer and Topaz is also finding success in areas like LNG and with ‘cross-commodity funds’ who need to value cross-commodity portfolios. Jon also says that it is seeing interest in its solution on the electric power side and in metals. It has also recently opened a Singapore subsidiary – Topaz Technology Pte Ltd. and hopes to do more business in that market. He sees changing demand patterns and geopolitics playing a role in driving some of the increased demand. Topaz has also been doing quite a bit of development work-  some related to this interest, but some also for existing customers. Things like ICE/CME connectivity, further building out real-time P&L explanation and other reporting, as well as reworking swap futures to allow greater decomposition, among other areas. It also has added new Greeks and provides users with a ‘risk playground’, Jon explained. Another area where it has been hard at work is… continue reading