Expansion follows successful program launch in New York earlier in 2009

NEW YORK, NY– July 6, 2009 – Numerix (www.numerix.com), the leading independent, cross-asset, analytics service provider for the structuring, pricing and valuation of derivatives and structured products, today announced the expansion of Numerix University to include London in its financial engineer certification program. The program expansion follows the successful launch of Numerix University and certification of 30 financial engineers in New York earlier this year. Out of 160 total applicants, 64 were accepted into the Numerix University program, with 30 ultimately being granted the “Numerix Certified Financial Engineer” certification.

This Numerix University curriculum was launched in March of this year and is offered at no expense as a value-add to qualified Financial Engineers who have been casualties of the economy. The series of courses is designed for financial engineers to learn the foundational skills for pricing and managing complex derivatives. Those individuals who successfully complete this curriculum will complete a significant step in becoming a "Numerix Certified Financial Engineer" and will be recommended for development projects internally or to Numerix customers and partners. As a Numerix Certified Financial Engineer, it is expected that those individuals can enter any organization or Numerix customer and make an immediate contribution the firm’s developmental efforts.

"Our initial New York course program was a tremendous success and was a chance for Numerix to give something back to those seeking employment in the industry," said Numerix President and COO Steven R. O'Hanlon. "We had 64 participants and in the three sessions we trained and certified 30 people as Numerix Certified Financial Engineers. The expansion of Numerix University to include London is a natural progression for us and is a direct measure of how needed and valuable such training is for those individuals in our industry. We look forward to the continued roll-out of Numerix University later in the year."

"Upcoming Numerix University Courses: London, UK- Date: July 21-22, 2009, Location: Bloomberg. Asset Classes: Fixed Income- IR/CC/INFL

Numerix is presently offering three separate course programs focused on different asset classes. Candidates must hold advanced degrees in financial engineering, applied mathematics or equivalent disciplines and have worked with derivatives at a financial institution or software company. As part of the selection process, applicants will be required to take a brief on-line exam. Similar courses are offered to Numerix clients at a cost of $3,000 per attendee.

In some instances, through strategic partnership with Bloomberg, Numerix University courses will be held in Bloomberg’s state-of-the art training facilities across the globe. Numerix University courses are being planned for Hong Kong later this year and additional syllabi designed for IT professionals will be introduced in the coming months. For more information and registration information, please visit www.numerix.com.

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, more than 375 financial institutions and 45 strategic partners across 25 countries rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Tokyo, Hong Kong, Singapore and Dubai, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visitwww.numerix.com.

Media Contact:
Todd Swearingen
Numerix
+1 646-898-1294
tswearin@numerix.com

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