CubeLogic, a provider of risk management and business intelligence solutions for the energy, commodity, and financial markets, has formed a strategic alliance with Lacima Group.
Lacima is provider of energy and commodities analytics to global multi-commodity and energy players.
Under the terms of the alliance, CubeLogic will embed a subset of Lacima’s risk analytics functionality within its platform to provide clients with a ‘one-stop shop’ for market, credit, and liquidity risk management and reporting.
Lacima’s numerical engines will provide advanced analytics to simulate spot and forward prices, calculate Mark‑to‑Market values for a wide range of contract types, as well as calculate VaR, PFE, and other risk metrics.
Lacima’s valuation and risk results will be fully integrated and will be able to be seamlessly queried, manipulated and reported from within CubeLogic’s market, credit and liquidity risk cubes.
Lee Campbell (pictured), CEO at CubeLogic, says: “We are excited to provide “Analytics by Lacima” following our strategic alliance. This will provide additional value to our customers by combining our market, credit and liquidity risk cubes with Lacima’s powerful award winning risk analytics engine to provide a single, state of the art risk management platform.”
Chris Strickland, CEO at Lacima, says: “This is another major win for customers to move away from the need to bolt on risk engines as they currently do with most other ETRM vendors to get sophisticated risk analytics. Lacima is looking forward to working with CubeLogic to embed Lacima’s risk technology into CubeLogic’s platform to produce a seamless integration between business intelligence reporting and the calculation of risk metrics.”
