Wall Street Systems Partners with Numerix to Integrate Analytics into Foreign Exchange and Treasury Solutions

New York, London, January 9, 2007 – Wall Street Systems, the leading provider of global treasury, trading and settlement solutions and services, has today announced a new partnership with NumeriX, the independent leader in cross-asset derivatives pricing and valuation software. Together the two companies will deliver NumeriX Wall Street Systems Edition, a powerful new solution, which will enable end-users to lower costs and improve productivity in a trading environment.
 
NumeriX has collaborated with both Wall Street Systems and Trema (recently acquired by Wall Street Systems) in the past to provide best of breed integrated solutions, so this new partnership was a logical step. NumeriX analytics will now be incorporated into Wall Street Systems’ treasury product, TreasurySuiteTM, as well as into its foreign exchange solution, Wallstreet FX. The NumeriX Wall Street Systems Edition will provide clients with a single, integrated management platform for all instruments regardless of complexity or asset class. This robust and proven pre-packaged solution for cross-asset market risk management, pricing and valuation, will enable financial institutions to accelerate integration time and mitigate costs. Furthermore, consistent risk calculations across different valuation models and asset classes will provide aggregation across all portfolios.
 
"The limitations of legacy systems have forced many organizations to manage complex derivatives and structured products manually, through the use of spreadsheets or relying solely on valuations provided by their counterparties,” explained Steven R. O’Hanlon, President and Chief Operating Officer at NumeriX. “This cumbersome approach is due to the lack of automation within the core system which often results in time to market delays when deploying new instruments. Our partnership with Wall Street Systems addresses this business challenge by enabling traders, structurers and risk managers to independently design, price and manage derivatives across single or multiple asset classes.”
 
Larry Ng, Managing Director, Product and Marketing at Wall Street Systems, said, “This partnership will empower our clients to rapidly price complex financial products, within their current system, and provides our clients with further levels of functionality on a single platform.”

 

About Wall Street Systems
Wall Street Systems has a 20 year heritage and track record of providing treasury and high performance
transaction processing software to the world’s leading financial institutions and corporations. The company has
an outstanding reputation for quality and responsive service, and prides itself in helping its clients achieve long
lasting benefits and results.

Wall Street Systems is best known for providing functionally-rich, integrated and scalable solutions, which
improve workflow, control and greatly reduce transactions costs for clients. The company is the market leader in foreign exchange transaction processing and is widely recognised for its global back-office solutions. Its award winning and popular TreasurySuiteTM and TreasuryOneTM treasury management products are used by leading organisations around the world.

Wall Street Systems has 500 employees servicing over 300 banking, corporate and central bank clients
operating out of 12 offices worldwide. Our software processes millions of transactions, aggregating to trillions of dollars every day. Wall Street Systems is a privately held corporation, which is majority owned by Warburg Pincus, aglobal private equity investor. For more information, please visit www.wallstreetsystems.com
 

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 www.numerix.com or on Bloomberg at NUMX [GO].
Contacts:
James Jockle
NumeriX
+1 646-512-5824
Dan Gaffney
LEWIS PR
+1 617-226-8844

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