CVA & Risk Technology Secures Top Honors For Numerix in the Waters Rankings 2012
Numerix Voted by End-User Firms and Waters Readers as Best Risk Analytics Provider and Best Credit Risk Solution Provider
New York, NY – July 19, 2012 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced it was named Best Risk Analytics Provider and Best Credit Risk Solution Provider in the Waters Rankings 2012. Each year the rankings provide an opportunity for market participants including investment firms, hedge funds and exchanges to voice their opinion on which technology and service providers deserve recognition for their offerings.
“It’s a great privilege and honor to be presented with not one, but two awards for risk analytics this year. Dedicated to providing diverse analytics solutions to meet the broadest range of needs possible, Numerix is held to the highest standards and it’s extremely gratifying to be recognized by the very audience we are dedicated to serving,” said Steven R. O’Hanlon, President and Chief Operating Officer at Numerix. “Nominated by editors, and selected by end-users and Waters readers, Numerix’s achievement is a testament to its unwavering commitment and success in providing derivatives market participants with the world-class technology solutions needed to solve today’s complex pricing, risk and valuation challenges.”
Ultimate Versatility for Addressing Risk Management Needs
At the foundation of Numerix’s analytics architecture is a highly flexible, fully transparent, unified valuation and risk management framework to structure, price and manage risk for any type of derivative or portfolio. Numerix leverages its core technology to calculate a wide range of risk analyses including Counterparty Credit Risk, including Potential Future Exposure (PFE) and Credit Valuation Adjustment (CVA), Greeks for all instruments, scenario VaR types, VaR analysis, expected tail loss/shortfall. To ensure accuracy and consistency, Numerix leverages a unique hybrid model framework enabling the production of consistent scenarios among multiple risk factors.
Satyam Kancharla, Senior Vice President of Client Solutions at Numerix added: “Increased pressure to calculate risk analytics on a daily basis has only increased as clients struggle to meet evolving market conditions, new regulatory demands and business requirements. It has been an overwhelming challenge to obtain an integrated picture of any one company’s risk exposure. Thus, over the past year Numerix not only accelerated its technology but introduced innovative solutions to better manage the complexities of real-time trading and risk analytics, cross-asset. With Numerix, clients are empowered with the ability to calculate accurate, timely, and consistent pricing, risk, and reporting measures enterprise-wide.”
The Waters editorial team complied nominees for 26 awards spread across six categories based on feedback from end-user firms and notable editorial coverage published over the past year. The winners were announced during an evening reception in New York on July 18 and will appear in the August edition of Waters. Numerix President and Chief Operating Officer, Steven R. O’Hanlon, accepted the award on behalf of 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 75 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, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.
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