Hanweck
Hanweck is a financial technology company that provides real-time derivatives risk analytics as-a-service on behalf of exchanges, banks, broker-dealers, market-makers, asset managers, and central counterparties. The company is based in New York City and has offices in Chicago and Belfast.
History
Hanweck was founded in 2003, initially as a consulting firm, by Gerald A. ("Jerry") Hanweck Jr., Ph.D.Prior to launching Hanweck, he worked for ten years with JPMorgan, where he was Chief Equity Derivatives Strategist and led the bank's U.S. Fixed-Income Derivatives Strategy team.
In 2007, Hanweck launched Volera Options Analytics Engine, the first GPU-based software product for the financial services industry. In 2011, Hanweck introduced a new TIMS Scenario Feed of real-time equity option scenario calculations, based on the Options Clearing Corp's Theoretical Intermarket Margining System.
The VoleraFEED was deployed as an analytics service by several securities exchanges, including the New York STOCK Exchange, the International Securities Exchange (ISE), and TMX Group.
In October 2015, Hanweck opened its European headquarters in Belfast, Northern Ireland. In November of that year, Hanweck secured $10 million in financing, composed of debt and equity, led by Argentum, a New York-based private equity firm.
In April 2017, Nasdaq launched Nasdaq Ventures, a global venture investing program focused on cultivating talent and technology advancement within financial services. Hanweck is one of three companies in which Nasdaq Ventures invested.
Today, Hanweck’s Volera platform performs real-time risk analytics as a service across multiple asset classes and exchanges, at the security and portfolio levels. Hanweck is also a provider of historical options tick and analytic data.
Industry Recognition
FinTech Innovation Lab - financial-technology competition for start-ups
The New York City Investment Fund, the economic development arm of the Partnership for New York City, and global consulting firm Accenture selected Hanweck as one of six winners of the Financial Technology Competition for Startups in June 2011.
Fund Technology and WSL Awards
Hanweck was selected for the Best Risk Management Solution – Innovation, by the Fund Technology and WSL Awards in February 2017.
Best Companies to Work for in New York
The Best Companies to Work for in New York State selected Hanweck as the #1 company to work for in the small/medium employer category (15 – 249 employees) in April 2017.
Building the Future Belfast Award/Top 50 US-Ireland Companies
Hanweck was named to the list of the Top 50 US-Ireland Companies in June 2017 and was the recipient of the Building the Future Belfast Award.