Numerix solution provides users with a powerful and highly scalable solution for pricing, valuation and risk management of complex derivatives and variable annuity portfolios

New York, NY – September 20, 2010 – Numerix, (www.numerix.com) a leading provider of cross-asset analytics for derivatives valuations and risk management, today announced the availability of its Numerix CrossAsset XL and Numerix Portfolio Products solution built on Microsoft’s High Performance Computing platform; Windows HPC  Server 2008 R2 and HPC Services for Excel 2010, released today.

The solution enables Numerix CrossAsset XL and Numerix Portfolio users to take advantage the high-performance features of Windows HPC Server 2008 R2 and HPC Services for Excel 2010. When coupled with the value of an integrated HPC solution, Numerix CrossAsset XL and Numerix Portfolio now provide Numerix’s clients with the improved systems productivity, interoperability and full transparency for deal definitions and accelerated real-time valuations and running of rapid unified risk calculations for complex derivative portfolios. The Numerix solution enables clients to run and distribute multiple instances of Excel based computations for entire portfolios and also enables an optimized, high level of performance for batch reporting, with scalability for even the largest jobs.

The functionality of Numerix Portfolio and the power of Windows HPC Server 2008 R2 provide users with several high performance and flexible integration options. The Windows HPC Server 2008 R2 job scheduler helps enable the simple integration of an institution’s clustered compute nodes. Users will benefit from the full integration for asynchronous queuing of report-generation jobs within Numerix Portfolio, with the option to use the job scheduler to execute those reports.

The Numerix solution designed for Windows HPC Server 2008 R2 and HPC Services for Excel 2010 provides Numerix’s clients with the high-performance capabilities needed to manage the following enterprise-wide processes:

• Delivering Numerix products and solutions across client PC desktops, cluster and cloud environments for enhanced job performance
• Accelerated real-time calculations with grid computing capabilities and other methods
• Running multiple instances of Excel spreadsheets on the HPC Cluster
• Running and distributing Excel based computations for an entire portfolio
• Comprehensive risk management capabilities, including VaR, stress testing, scenario analysis, MTM, the Greeks, and bespoke risk reports
• Increased processing power to carry out more vigorous hedging and pre-trade analysis
• Economic (cost) advantages resulting in less overhead expenses and lower levels of maintenance for fewer computers
• Faster revaluation of portfolios and analysis of more complex scenarios in shorter periods of time

 “We are extremely pleased to be able to offer this solution based on Windows HPC Server 2008 R2 and the HPC Services for Excel 2010 capability to our clients,” said Steven R. O’Hanlon, President and COO of Numerix.  “With the Numerix solution, we are able to provide our clients with the increased system performance, advanced workflow functionality and power of Excel they need for the pricing, valuation and risk management of derivatives.  When coupled with the high-performance features of Windows HPC Server 2008 R2 and parallel processing through HPC Services for Excel 2010, our Numerix CrossAsset XL and Portfolio clients now have the increased computational firepower they need for pricing complex derivatives portfolios and bespoke deal types.”

“Through collaboration with Numerix, Microsoft is extending the reach of technical computing even further for financial institutions and insurance companies.  Together, we are helping trading and risk operations and asset liability managers achieve more timely, efficient and advanced valuation and risk management for the industry’s most complex derivatives. The deep domain expertise of Numerix,  coupled with the advanced  capabilities of Microsoft Technical Computing  platform brings solutions to our capital markets customers” Bill Hamilton, Director,  Technical Computing,  Microsoft Corp.

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products.

Since its inception in 1996, over 700 clients and 50 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments.  With offices in New York, London, Tokyo, Hong Kong, Singapore, Dubai and South Korea, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines.  For more information, please visit www.numerix.com.
 

Media Contact:
Todd Swearingen
Numerix
+1 646-898-1294
tswearin@numerix.com

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