Award Recognizes Achievement in Finding Transparency for Pricing Structured Products in the region

New York – October 7, 2008 – NumeriX, the leading independent provider of advanced analytics for the derivative and structured products markets, today announced it was named the 2008 Technology Company of the Year in Asia by Structured Products Magazine. This award reflects the company’s continued global growth and expertise. NumeriX provides the pricing analytics for one of the most popular structured products in Asia—the Power Reverse Dual Currency (PRDC).

In addition to providing access to market-standard analytics, NumeriX was recognized for developing a number of partnerships to bring additional support services to the region. This year, NumeriX forged a partnership with Pyxis Systems to strengthen its analytics offering in the APAC region by delivering training, integration and other support services to clients in Hong Kong and India. As a result, NumeriX can address cultural and technical nuances without affecting straight-through processing (STP), a key factor in managing trade lifecycles from the back to front office. Other key partnerships include a relationship with Bloomberg enabling more buy and sell-side organizations to independently price complex products.

“We are honored to receive this award from Structured Products for our continued commitment to bring industry-standard, independent analytics to market participants in Asia,” said Steven R. O’Hanlon, President and Chief Operating Officer at NumeriX. “We have witnessed great turbulence in the financial markets this year and the need for pricing analytics has never been greater to manage risk exposure. As the adoption of structured products continues to spread globally at a rapid pace, NumeriX is equipped to provide financial institutions with the analytics and tools to be smarter market participants when investing in structured products.”

In January 2008, NumeriX opened an office in Hong Kong to provide greater support for its growing client base in China. NumeriX also maintains offices in Singapore and Tokyo, where the top 20 financial institutions have embedded its analytics directly into its trading practices. For more information on NumeriX and its solutions, please visit www.numerix.com.

About NumeriX 
NumeriX is the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives. NumeriX has a financial engineering and quantitative team composed largely of Ph.D.’s on the same scale as the very largest of financial institutions. More than 350 clients across 25 countries rely on NumeriX risk analytic software for speed and accuracy in valuing their structured products and derivatives. Trading and risk platform vendors leverage NumeriX analytics to gain a time-to-market advantage by embedding the power of NumeriX into their systems. Founded in 1996, the company is privately held with offices in New York, London, Singapore, Tokyo and Hong Kong. For more information visit www.numerix.com.

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