Only securities-focused financial institution in Taiwan adopts NumeriX to enhance risk measures across the organization

New York –December 15, 2008 – NumeriX, the leading independent provider of advanced analytics for the derivative and structured products markets, announced today that Yuanta Financial Holdings has deployed NumeriX Excel within its risk department. With the use of industry-standard analytics and comprehensive pricing tools, Yuanta can now more accurately price and calculate mark-to-model as well as measure the risk for all derivative and structured products.

The valuation and pricing of structured products is coming under great scrutiny as a result of the recent market volatility. Via NumeriX Excel, Yuanta now has access to the industry-standard analytics and models of NumeriX 7.2 to accurately price financial products across all asset classes. Moreover, Yuanta plans to extend the relationship with NumeriX to manage and monitor risk exposure across its entities.

“We chose to embed NumeriX tools within our organization in order to help our entities better maneuver the volatility in the market today,” said Connie Lin, Chief Risk Officer at Yuanta. “We are delighted to see that the applications are easy to use and the support specific to Asia is critical to our success in managing risk in today’s market.”

“As Taiwan and the APAC region’s derivatives market has matured, it is critical that investment organizations have the capabilities to closely monitor risk exposure internally for pricing of these complex products. We are pleased Yuanta chose NumeriX to help enhance its risk management efforts,” said Steven R. O’Hanlon, President and Chief Operation Officer at NumeriX. “This deal demonstrates our growing presence in the AsiaPac region and commitment to provide industry-standard analytics as the global markets are now more connected than ever.”

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.

About Yuanta Financial Holdings 
Yuanta Financial Holdings (formerly Fuhwa Financial Holding Company) is Taiwan's only securities-dominant financial group. Companies under Yuanta include Yuanta Securities Finance, Yuanta Securities, Yuanta Commercial Bank, Yuanta Futures, Yuanta Securities Investment Trust, and three other smaller subsidiaries. In addition, Yuanta Foundation exists to carry out the company's role as a good corporate citizen by providing help to individuals in need. Yuanta has exposure throughout Asia through its alliance with Kim Eng Holdings Ltd., providing a global reach that includes operations in Taiwan, Hong Kong, Singapore, Thailand, Indonesia, Philippines, Vietnam, India, mainland China as well as London and New York. For more information, visit www.yuanta.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!