NRI selects Numerix Portfolio to provide NRI clients with valuation services

New York, NY - November 30, 2009 - Numerix, (www.numerix.com) the leading independent provider of award winning cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced that they have entered into a partnership agreement with Nomura Research Institute (NRI), Japan’s largest consulting and IT consulting firm, to provide valuation services for NRI’s Japanese client base.

The partnership announcement marks a new business initiative for NRI to provide valuation services using Numerix Portfolio’s advanced models and high performance analytics.  As part of the service NRI will provide clients with month end price and risk calculations for structured notes using Numerix Portfolio and will include interest rate and cross currency asset classes.

“Our partnership with NRI represents a solid win for Numerix and is a validation of our strategic initiative to expand the global usage of Numerix Portfolio and our valuation services offering,” said Steven R. O’Hanlon, President and COO of Numerix.  “NRI’s reputation as an industry leader is firmly established across the Asian marketplace and we look forward to a long term working relationship.”

“We also are pleased to have partnered with Numerix,” said Shin Kusunoki, Corporate Senior Vice President of NRI. “Numerix Portfolio provided us with the advanced pricing models, accuracy and high performance we needed to make this new service a reality for our clients.”

 NRI will initially make the service available to all Japan based clients and plans to eventually expand the service to include other major Asian countries.

The partnership announcement with NRI is a follow up to Numerix being named Technology Company of the Year in Asia for the second straight year in May of 2009 and also Technology Company of year in the America’s for the third straight year by Structured Products Magazine.  The launch  follows the May 2009 Celent Report which identified Numerix as the leader among its peers- providing advanced  technology and functionality for pricing derivatives products, breath of cross asset coverage and depth of client services.
 

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 visit www.numerix.com.

About NRI
Nomura Research Institute (NRI) was set up in 1965 as Japan's first private-sector think tank. NRI acquired a system development function after merging with Nomura Computer Systems Co. in 1988. With "Dream up the future." as its corporate slogan, NRI has keen insight into new social paradigms and is always a step ahead of the times. Its two main businesses are consulting knowledge services (corporate management reform, policy advice, and asset management) and system solutions and services (system integration, outsourcing, and system resource sharing, both offering a total solution from identifying problems through to solving them. (www.nri.co.jp)

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

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