Numerix CrossAsset Analytics Platform Evolves Counterparty Credit Risk Measures Addressing Today’s XVA Challenge

New York, NY – July 22, 2014 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced it has won the award for “Best Credit Risk Solution Provider” in the Waters Rankings 2014. With Basel III CVA capital charges and EMIR / Dodd-Frank central clearing all coming into effect, today’s financial institutions have to manage risk with greater precision. The cost of OTC derivatives trading is also increasing with the collateralization of bilateral trades, forcing firms to manage and optimize margin, and collateral usage.

“Institutions are more concerned than ever before about the profitability of their derivatives operations. Gaining a better understanding of how costs and trade pricing adjustments are being incorporated into the valuation process, and how these costs are impacting trading decisions and derivatives trade processing is critical,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “In solving some of the industry’s most complex problems in this area, we’re honored to be recognized by the market as having the leading Credit Risk Solution. Having developed a range of Counterparty Credit Risk measures with a focus on usability and scalability, we’re helping institutions to not only analyze and manage counterparty risk but optimize capital allocation and maximize profitability of their entire derivatives business.”

Utilized globally by a wide-range of buy- and sell-side clients for its accurate, real-time pricing and risk valuations, Numerix has developed single framework and underlying infrastructure that can account for the full range of XVAs from a portfolio perspective, helping firms achieve accurate derivative prices plus a holistic view of profitability.

Victor Anderson, Editor-in-Chief, Waters and Waters Technology comments:  "Each year the Rankings provide an opportunity for market participants including investment firms, hedge funds and exchanges to voice their opinions on which technology vendors and service providers deserve recognition for their offerings. This year, Waters' readers have spoken once again, selecting Numerix as the Best Credit Solution Provider. Numerix has continued to reinforce its approach to Counterparty Credit Risk, while accelerating performance and scalability for real-time derivatives valuation and risk analysis. With a single framework for real-time decision making, Numerix is helping to define the future of Credit Risk management."

Steven R. O’Hanlon, Chief Executive Officer & President accepted the award on behalf of Numerix at a luncheon reception held at the rooftop event space at the Hudson New York Hotel on July 16 in New York City.

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, over 700 clients and 80 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, Sao Paulo, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.

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

News - Jul 19, 2012

CVA & Risk Technology Secures Top Honors in Waters Rankings 2012

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