Numerix CrossAsset Selected by Judges for helping to Solve the Buy-Side’s most Complex Derivatives Pricing and Risk Management Challenges
New York, NY – March 7, 2016 – Numerix, (www.numerix.com) the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced that Numerix CrossAsset has been named Best Derivatives Solution in the annual HFM US Technology Awards. This award program recognizes hedge fund technology providers as well as firms with technology heavy solutions and products that have demonstrated exceptional customer service and innovative product development over the past 12 months.
For the hedge fund industry the impact of the global markets over the past 12 months has been anything but simple. A host of complex challenges have impacted the way they’ve had to understand, model and adapt to risk.
“In 2015 alone we’ve seen incredible volatility swings in the equity market, huge dives in the commodity sector, and sustained low and even negative rates with no sign of change ahead. Risk managers in particular have needed to be more prepared across the enterprise for the next impacts of a global marketplace – from dynamic stress testing capabilities to thorough and timely model validation techniques,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix.
Leveraging Numerix analytics hedge fund users are equipped with the sophistication and flexibility needed to address evolving risks and market conditions across its fund portfolios on a daily basis, helping the institution to make the most informed trading and risk management decisions possible. The flexibility of the Numerix platform and software can handle any instrument type, vanillas to bespoke derivatives and the comprehensive CrossAsset Library is a recognized industry standard, ensuring model accuracy and performance.
O’Hanlon adds: “We’re incredibly honored to be selected at HFM’s Best Derivatives Solution for the second year in a row. As the market environment has shifted demanding real-time derivatives valuation and portfolio-level risk assessment, over the past 12 months Numerix has shifted its product and business focus to meet new enterprise requirements. Leveraging Numerix analytics hedge fund users are equipped with the sophistication and flexibility needed to address evolving risks and market conditions across its fund portfolios on a daily basis, helping the institution to make the most informed trading and risk management decisions possible.”
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 90 partners across more than 26 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, Boston, Chicago, Los Angeles, Mexico City, Miami, Vancouver, London, Paris, Milan, Helsinki, Frankfurt, Dubai, Beijing, Mumbai, Hong Kong, Seoul, Singapore, Sydney, Tokyo and Taipei, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.
