New York, NY, January 20, 2010 – Numerix, (www.numerix.com) the leading independent provider of award winning cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced that it has won first place in the Risk Magazine Technology Awards 2009 in the category of "Pricing and Analytics” – Structured Products for the second consecutive year. Risk Magazine polled thousands of banks, hedge funds, pension firms, insurance companies and corporate treasuries for this year's technology rankings.
In addition to winning the structured products category for the second consecutive year, Numerix succeeded in gaining top five places in three other pricing and analytics categories in the global poll, and for the first time was ranked among the top-5 in the cross-asset category. These other categories, included Cross-asset trading, Forex and Credit.
“We are pleased with the results of the Risk Technology Rankings,” said Steven R. O’Hanlon, President and COO of Numerix. “Thank you to those clients who participated in the polling for 2009. These results reflect our continued commitment to provide our clients with leading valuation solutions for all asset classes and providing the foundation for sound risk management capabilities.”
The repeat category win in the Risk Technology Rankings caps a strong 2009 for Numerix including Numerix being named best buy-side pricing / valuations service by Buy-side Technology Magazine in November. Earlier in 2009 Numerix was also named Technology Company of the Year in Asia for the second straight year and Technology Company of year in the America’s for the third straight year by Structured Products Magazine. These award wins follow the May 2009 Celent Report which identified Numerix as the leader among its peers providing advanced technology and functionality for pricing derivatives products, breath of cross asset coverage and depth of client services.
