Expanded Footprint in Asia Provides Clients with Enhanced Support and Access to Global Derivative and Pricing Capabilities

NEW YORK, NY – June 16, 2008​ – NumeriX, the independent leading analytics provider for the structuring, pricing and valuation of derivatives and structured products, has opened a new regional office in Hong Kong. Led by NumeriX and derivatives veteran Stephen Cheng, the office will enable NumeriX to better serve its rapidly growing client base in China.

“With the explosive growth of the derivative and structured products markets, as well as the opening of new markets in the region, there has been a significant increase in demand for NumeriX analytics which allow organizations to expand their trading opportunities overnight,” said NumeriX President and COO, Steven R. O’Hanlon. “Furthermore, financial institutions, banks, insurance companies and corporate treasurers alike are also looking to NumeriX as their immediate solution for enhanced analytics to manage and value existing transactions and thus making prudent go forward investment and risk management decisions.”

Since expanding its Asian operations in 1998 with offices in Tokyo and Singapore, NumeriX has developed a reputation for delivering the most sophisticated analytic solutions available in the region and therefore has been the solution of choice for some of the largest derivative market participants in the region. Moreover, NumeriX’s relationship with over 40 partners provides users the ability to build end-to-end solutions -- from pre-trade structuring, though pricing, trade capture and valuation. As most financial institutions have existing relationships with many of NumeriX’s partners such as Reuters, Misys, Wall Street Systems and Bloomberg, potential users can seamlessly integrate NumeriX analytics into their current platforms – thus expanding their current platform investments to be able to support the widest range of derivative products.

John Palmiero Reuters Head for Trade and Risk Management in Asia said, “The organizations who have utilized NumeriX analytics along with Reuters’ trading platforms have an immediate solution whereby the front office traders have the flexibility they need to explore new opportunities, while the risk professionals effectively capture and manage trading volumes. This ‘analytic straight through processing’, as NumeriX calls it, within the Reuters system reduces operational and model risk.” Unlike other service providers, NumeriX has the largest team of PhDs and financial engineers that support all NumeriX clients; in fact NumeriX support infrastructure dwarfs most companies in this market segment.

“When we look to the future development of our products, having the ability to capture and incorporate local market experience into our global solutions will bring greater efficiency and transparency to the derivatives markets,” said Stephen Cheng, head of the new Hong Kong office. “As financial institutions in Hong Kong and greater China continue to expand into new complex markets, it is imperative for us to have an infrastructure that can be an advocate for cultivating specific regional needs via new innovations in our products as well as providing unparalleled support for our analytics.”

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 200 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.

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

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!