Combined solution integrates analytics and e-mail for accurate pricing of complex trades

New York, NY - October 2, 2007 - Numerix, the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives, today announced a partnership with BQuotes, a leading real-time data capture technology provider. The partnership is the first of its kind to link analytics with market data, allowing traders to easily and quickly calculate best execution prices for trades from information gathered from e-mail. Electronic trading has forced financial services institutions and investment banks to empower their traders with increasingly sophisticated technology to decrease the time to market of a trade. Over the past decade, e-mail has emerged as a key communication tool used by traders to get the latest information on bids and offers in the over the counter (OTC) markets. However, these e-mails are largely unstructured, which has made accurate, quantifiable analysis difficult.

“The link to Numerix analytics provides our customers with added speed that meets the increasing demand for faster trade transactions,” said Yiannis Tsiounis, CEO of BQuotes. “Traders now have the ability to capture any type of data with the added analytics to increase flexibility and ensure the best price execution in volatile markets.”

The popularity of OTC derivatives and structured products have skyrocketed in today’s crowded markets as traders continue to seek better yields while still protecting their portfolios from unanticipated risk. To price new financial products properly, sophisticated data and analytics are needed. The partnership between Numerix and BQuotes allows traders to add an extra layer of pre-trade risk management as they price sophisticated deals in an increasingly volatile market.

“Providing BQuotes customers with the link to scalable analytics allows traders to focus on creating the most profitable returns on even the most complex products,” said Steven R. O’Hanlon, President and COO of Numerix. “By enabling traders to significantly cut the time to market for high-yield transactions, this partnership will be a key driver in the expansion of the derivatives and structured products markets for a growing number of traders.”

“Previously, traders wasted a significant amount of their day manually compiling data to figure out a best price,” continued O’Hanlon. “Combining the Numerix 6 pricing and analytic software and BQuotes, traders will be able to extract significant value from unstructured e-mails, allowing them to quickly and accurately price complex trades.”

About BQuotes 
BQuotes provides closing, mark-to-market data ("BestData™") for the OTC markets in a variety of Over The Counter asset classes, such as CDSs, corporate Bonds, convertible bonds, Loan CDSs, Tranches, Variance Swaps, Options and ABSs. BQuotes extracts the data from unstructured e-mails of any format with its real-time price-discovery software "BestQuotes™". BestData™, delivered at 5:30pm EST, solves the problems of having to wait until the next business day for mark-to-market data and of lack of coverage for certain very important markets, including CDS, CDS Tranches, Loan CDS, CDS Options and convertible bonds. BestData™ can be delivered in a variety of interfaces, from Excel to ftp to a customized GUI or via programmatic APIs, thereby negating the need for any integration and freeing BQuotes clients to focus on their core skills. BestQuotes™ is a price-discovery tool for navigating the OTC markets, monitoring risk in real time using true market prices, and increasing trading effectiveness. Founded in 2004, BQuotes is serving thousands of market participants across leading Investment Banks, Money Management, and Hedge Fund firms such as Highbridge, Angelo Gordon and Royal Bank of Scotland.

BQuotes can be contacted at: US: +1 212 488 4999; UK: +44 (0) 207 096 1128; Asia- Pac: +61 7 3394 8431; or at and

About Numerix 
Numerix is the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, commodities, inflation rate and equity derivatives. Numerix has a financial engineering and quantitative team composed largely of PhDs on the same scale as the very largest of financial institutions. More than 300 clients across 25 countries rely on Numerix for speed and accuracy in valuing their structured products and derivatives. Trading and risk platform vendors leverage Numerix analytics to gain a time-tomarket advantage by embedding the power of NumeriX into their systems. Founded in 1996, the company is privately held and has offices in New York, Toronto, London, Paris, Singapore Hong Kong and Tokyo. For more information visit

Emily Ahearn
Director of Public Relations
Phone 646 898 1294

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