Award recognizes top achievement in keenly contested pricing / valuation service category

New York – November 30, 2009 – Numerix, (www.numerix.com) the leading independent provider of cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced it was named Best Buy-Side Pricing/Valuation Service for 2009 by Buy-Side Technology Magazine.

The aim of the awards is to recognize the leading technologies and vendors in their areas of expertise through an auditable and transparent methodology underpinned by the input and experience of five buy-side-focused technology consultants: Investit, Knadel, Deloitte Consulting, Aite Group and Tabb Group. 

According to BST editors, the best pricing and/or valuations category was one of the most keenly contested of all categories in the Buy-Side Technology Awards 2009. In all, eight companies entered this category, which is not altogether surprising, given how crucial this function has become too large numbers of buy-side firms. Numerix turned out to be the clear winner thanks to its range of tools developed specifically to model and price deals across a wide range of instruments including fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate, and equity derivatives. Many of the world’s largest market data and trading system vendors offer access to Numerix analytics “inside” their own systems, resulting in increased interoperability across 3rd party vendor systems and consistent access to Numerix pricing models among buy-side clients.

“We are extremely proud and honored to have won this Buy-SideTechnology award.  It serves as a most fitting finale to an outstanding year overall for Numerix,” said Steven R. O’Hanlon, President and Chief Operating Officer at Numerix.  “Proof of this success was Numerix being selected by Lehman Brothers Holdings Inc (LBHI) to provide independent valuations on over 1 million derivatives contracts, representing one of the largest and arguably most complex derivatives books in the world.  The success of the LBHI project was dependent on Numerix’s valuations and pricing expertise, coupled with our extensive partner network and our firm’s ability to bring together the necessary systems knowledge and best-of-breed data solutions.”

The 2009 Numerix Buyside Technology award win 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 award win  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.

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

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