Numerix Offers Clients Training, Integration and Financial Engineering Support from Hong Kong and India

New York – August 5, 2008 – Numerix, the independent leading analytics provider for the structuring, pricing and valuation of derivatives and structured products today announced a partnership with Pyxis Systems—a provider of technology solutions and services to the global financial derivatives industry. This groundbreaking partnership will expand integration and support services for Numerix customers throughout AsiaPac, from Hong Kong and India.

Since establishing its Asian operations in 1998 with offices in Tokyo and Singapore—and most recently in Hong Kong—Numerix has developed a reputation for delivering the most sophisticated analytic solutions for structuring and pricing derivative and structured product instruments, making it the solution of choice for some of the largest institutions in the region. Moreover, Numerix’s relationships with over 40 partners provide institutions the ability to build end-to-end solutions—from pre-trade structuring, through pricing, trade capture and valuation. As most financial institutions have existing relationships with many of Numerix partners—such as Reuters, Misys and Bloomberg—potential users can seamlessly integrate NumeriX market standard analytics into their current platforms, thus expanding their current platform to support the widest range of derivative products.

Through this partnership with Pyxis, Numerix customers in India and Southeast Asia will have enhanced regional support for training, integration and professional services, including system and market data integration. Additionally, clients will have the ability to work with the Numerix-certified staff of Pyxis, to design and develop new instrument types and add-ins for Numerix’s Excel-based offering, Numerix 7.

“With the explosive growth of the derivative and structured products markets, as evidenced by the opening of new markets in the region, coupled with the need to manage and navigate the troubled credit markets, there has been a significant increase in demand for Numerix analytics,” said Numerix President and COO, Steven R. O’Hanlon. “Through our partnership with Pyxis, Numerix now offers the largest support infrastructure of any analytics provider in the region.”

“Pyxis offers Derivatives Consulting Services to banks and financial institutions with superior assistance through its experience in the derivatives and technology domain. Pyxis is working along with several large Indian and foreign banks and financial institutions, helping them set-up derivatives desk frameworks, implement derivatives systems, provide professional services and develop custom applications for front- and mid-office analytics. A Partnership with NumeriX will help Pyxis serve the high-end derivatives players across Asia,” said Pyxis CEO, Nandlal Bhatkar (Johnny).

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 timeto- 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.

About Pyxis Systems 
Pyxis provides software solutions and services to the financial derivatives industry. With expertise in quantitative finance and modeling as well as knowledge of global derivatives markets, trading, derivatives desk risk management and operations—combined with a substantial experience in advanced Information Technology solutions and software development—Pyxis provides a rare value to its clients. Pyxis has also developed a derivatives pricing and risk management system, "RisKompass", that includes pricing, portfolio risk analysis, access control, deal lifecycle events and processing. Pyxis also offers Ionpot (www.ionpot.com), a subscription-based service (SAAS) over the web for its clientele for derivative valuations and portfolio management.

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

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