Numerix Named “Technology Innovation Provider of the Year” in Structured Products Asia Awards & Climbs to 7th Overall in the Asia Risk Technology Vendor Rankings 2013

New York, NY – September 12, 2013 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced it was named Technology Innovation Provider of the Year, Asia by Structured Products Magazine. Numerix also made an impressive showing in this year’s Asia Risk Technology Rankings, jumping to 7th overall in the incredibly competitive field, and 3rd overall in the Derivatives Pricing & Risk Analytics category.

Numerix made a number of key enhancements to its software over the past 12 months to address developments in derivatives valuations and front-to-back market and credit risk control. Numerix continued enhance the Numerix CrossAsset analytics platform, and introduced the Numerix CrossAsset Server calculation engine to address scalability and performance; enabling real-time derivatives valuation, Market Risk and Counterparty Risk calculations. With particular interest continuing to emerge in Singapore and Taiwan, Structured Products’ editors noted the ability of CrossAsset Server to accelerate the computation of large-scale derivative valuations and risk-related calculations such as Credit Valuation Adjustment (CVA), Potential Future Exposure (PFE) and VaR.

In addition to notable placements in the overall categories in the individual categories for Derivatives Pricing & Risk Analytics Numerix ranked 3rd for Equities, 4th for Interest Rates, 5th for Credit and 3rd for Hybrids. Numerix was also included in a new category this year, taking 5th place for Implementation Efficiency. As noted by editors, Numerix’s advanced cross-asset modeling capabilities coupled with the efficiency and accuracy of correct valuations proved particularly effective in the important structured products market in Asia.

“With many vendors continuing to face challenges in providing the necessary valuation analytics for Asia specific instruments and bringing CVA solutions to market, we’ve had tremendous success addressing a number of key areas including valuation policies and procedures, risk management and model enhancements for pricing instruments specific to the APAC market,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “With institutions trying to take a more holistic approach to risk management the notion of achieving a single, enterprise view of risk has also continued to grow. As a single analytics calculation engine, Numerix CrossAsset Server provides clients with not only comprehensive coverage, but the flexibility, transparency and scalability to meet performance requirements.”

Mr. O’Hanlon continues: “We’d also like to express the sincerest gratitude to our clients and partners throughout the region. Our success speaks to Numerix’s exceptional technical support and collaboration with our customers which has proved a major advantage and helped to enable a high degree of customization. We’re exceedingly proud of our Asian sales team efforts and those working tirelessly to support each strategic initiative set in motion over the past year, including our global Marketing team, Client Solutions Group, Support and Financial Engineering groups.

The full list of Structured Products Asia Award winners can be found here: Structured Products Asia Awards 2013

The complete results of the Asia Risk Technology Rankings are also online: Asia Risk 2013 technology rankings

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 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, Paris, 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.

Emily Ahearn
Director of Public Relations
Numerix
Phone 646 898 1294
Email: eahearn@numerix.com

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