New York - June 10, 2009 – Numerix (www.numerix.com), the leading independent, cross-asset, analytics service provider for the structuring, pricing and valuation of derivatives and structured products, has opened a new regional office in Dubai. As a satellite of the EMEA group based in London, the office will be managed by Neil Orchard, Vice President, who is responsible for the region. With the opening of this office, Numerix is the first analytics company in the region to provide local quantitative support.
The growth of the Middle East and African financial markets in the past 10 years, along with the accompanying rise in both local and international investments has been matched by the growth of Numerix. This mutual expansion has now led to the opening of Numerix in Dubai, to provide permanent local support for its growing clientele.
“While the local derivatives markets in the Middle East and Africa are still in its nascent stage, it is evident that the use of sophisticated financial products in local economies and on the global stage will be prominent in the profile of financial institutions across the region. Given the expansion of the markets, and the expansion of our client base, having local quantitative support for our clientele is critical as we assist institutions in developing the best practices necessary in this market,” said Numerix regional leader, Neil Orchard.
“Numerix EMEA has reached critical mass in nearly every financial center across the region”, said Nick Haining, Managing Director for EMEA. “We are aggressively and ambitiously moving into key theatres of EMEA to provide our clients and prospects with unmatched quantitative support”, continued Haining.
Numerix has developed a reputation for delivering the most sophisticated analytic solutions and therefore has been the product of choice for some of the largest derivative market participants in the region. Moreover, Numerix’s relationship with over 45 partners provides users with end-to-end, STP, solutions — from pre-trade structuring and pricing, through trade capture and onto valuation and risk management. As most financial institutions have existing relationships with many of Numerix’s partners such as Calypso, Misys and Thomson Reuters, potential users can seamlessly integrate Numerix analytics into their current platforms and operational processes.
“Financial institutions — from Banks and Brokers Dealers to Sovereign Wealth Funds and Corporates — are looking to Numerix as their immediate solution for enhanced pricing, valuation and risk analytic solutions. Numerix products enable traders & sales to structure and price new instruments and manage existing derivative and structured products positions across all asset classes. Our analytics allow management to be fully informed of market risks in a transparent manner, and provides a complete regulatory and compliance framework,” said Numerix President and COO, Steven R. O’Hanlon.
Office Contact:
Numerix, Middle East & Africa
Dubai Silcon Oasis Headquarters Building.
Office D110
P.O. Box 341122
Dubai, United Arab Emirates
Local Contact:
Neil Orchard, Vice President, Numerix
Email: norchard@numerix.com
Office: +971 (0) 4 372 4061
Fax: +971 (0) 4 372 4063
