Numerix CrossAsset Server Recognized by FTF Readers as Leading Enterprise Solution for Real-Time Derivatives Valuations, Market Risk & Counterparty Risk Management

New York, NY – July 1, 2013 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced its inaugural award win for Best Derivative Operations Solution in the 3rd Annual FTF News Technology Innovation Awards 2013. The awards recognize the important contributions of individuals, companies, and technologies that have brought new innovation to the financial services post-trade, back- and middle-office operations over the past year. With a global client base consisting of senior level securities and operations professionals in over 30 countries FTF News offers a global insight focusing on a range of issues including risk management, derivatives and enterprise operations.

Regulatory reform has pushed risk management and its impact on the valuation process to the forefront driving the convergence of front, middle and back office operations.  Not only is there a demand for real-time valuations and aggregate risk analysis in managing counterparty credit risk – but there are significant requirements for efficient, consistent and transparent price calculation, control and risk reporting. Numerix has addressed this challenge with the introduction Numerix CrossAsset Server – a scalable, real-time calculation engine for the enterprise that brings together pricing and risk analytics, solving both valuation and risk problems.

Numerix CrossAsset Server: Transparency, Flexibility & Scalability

Numerix CrossAsset Server extends the rich features of the Numerix CrossAsset Library into an active, gridded server platform both sell-side and buy-side firms can use to compute pre-trade pricing, Mark-to-Market (MTM), Greeks, sensitivities, cash-flows, and both market risk (all flavors of VaR) and counterparty risk (CVA, DVA, PFE, FVA) for all enterprise requirements—from front office to compliance and regulatory reporting. With Numerix, clients now have the flexibility and transparency to define instruments, curves and risk scenarios, in addition to the ability to scale the performance in real-time – thus satisfying the needs of front office quants and structurers, while meeting the performance benchmarks for traders and risk management operations.

“Numerix is incredibly pleased to accept this award. Being recognized by our clients, prospects and peers as one of the best derivatives technology providers in our field is a truly humbling honor and is a testament to the market leading risk management and pricing analytics software we’ve consistently brought to the market year over year,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “In a market where the best trading decisions require the best analytics Numerix CrossAsset Server brings true efficiencies to the market. Working as a real-time analytics engine for derivatives valuation, market risk and counterparty risk calculations, CrossAsset Server significantly improves financial services operations where aggregated risk analysis can be delivered to every level of the organization.”

“The winner of the Best Derivative Operations Solution category is awarded to the provider that has achieved excellence via superior services and solutions that greatly improve operations for managing listed, cleared or executed OTC derivatives,” said Maureen Lowe, President and Founder of Financial Technologies Forum, LLC. “We offer our deepest congratulations to Numerix on the well-deserved win and applaud what they’ve brought to market with Numerix CrossAsset Server as part of the continued evolvement of the CrossAsset pricing and risk suite.”

The FTF News Technology Innovation Award winners were selected via an online voting process where nominated entities were unable to vote for themselves. The nominating and voting processes were overseen by a panel comprising Maureen Lowe, founder, president and editor-in-chief of FTF News; Eugene Grygo, editor of FTF News; Virginie O'Shea, analyst with Aite Group covering post-trade technology and processes; and Evan Fire, principal, manager, operations and administration for Pzena Investment Management.

Jim Jockle, Chief Marketing Officer accepted the award for Best Derivatives Operations Solution on behalf of Numerix at the FTF News awards ceremony and dinner at the Dream Hotel on June 17 in New York City.
 

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, 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.

About Financial Technologies Forum and FTF News

Financial Technologies Forum, LLC (FTF) is a leading provider of executive-level events and training focused on trends and initiatives in securities trading and operations.  Its global client base consists of senior level securities professionals from over 30 countries.

FTF News is an online newsletter focused on securities trading and operations. It offers a global interactive community where professionals can find original editorial content, daily news, in-depth analysis and industry research.

FTF News enhances FTF’s events and training offerings with timely coverage that reflects its market focus on clearing & settlement, corporate actions processing, risk management, performance measurement, reconciliation & exceptions management, regulation & compliance, derivatives operations, hedge fund operations and enterprise operations.

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

News - Jul 19, 2012

CVA & Risk Technology Secures Top Honors in Waters Rankings 2012

Need Assistance?

Want More From Numerix? Subscribe to our mailing list to stay current on what we're doing and thinking

Want More from Numerix?

Subscribe to our mailing list to stay current on what we're doing and thinking at Numerix

Subscribe Today!