Numerix XVA Named Best Sell-Side Credit Risk Product; Recognized for Best Implementation at DBS Bank

New York, NY – May 4, 2015 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, announced today its double award win in the 2015 Sell-Side Technology Awards. Numerix was honored to accept acknowledgement for Best Sell-Side Credit Risk Product for the third consecutive year – as well as for Best Implementation at a Sell-Side Firm due to its work with DBS Bank.

Staying Ahead of the Competition

“A key advantage to being Numerix is our ability to navigate turbulent waters with clarity and vision. This has always helped us to anticipate where the market is going in terms of risk technology requirements, and deliver innovative solutions and analytic capabilities that are flexible, scalable and customizable,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “The award for Best Credit Risk solution is one of the most competitive, and highly-sought after in the Sell-Side Technology awards – we’re exceedingly proud to have won it for the third year running. Also being recognized for having the most successful bank implementation of the year at DBS Bank speaks volumes about the caliber of software, staff and strength of our partner relationships.”

Going back to 2010, Numerix selected CVA as the entry point into the risk market and built formidable risk product. In recent years, as legacy players have continued to focus on meeting traditional middle office requirements for understanding elements of market risk, Numerix saw the trend shifting to the front office where the CRO is demanding greater insight through technology into real-time counterparty risk measures and pre-trade decision support. With the introduction of Numerix XVA today’s risk managers not only have the ability to derive insight into which trades are better economically for their business, but are able to more effectively manage the capital set aside for derivatives trading operations under new regulations.

Satyam Kancharla, Senior Vice President and Chief Strategy Officer adds: “XVA and risk are two sides of the same coin. The entire XVA effort is taking the different categories of risk and bringing that into a pre-trade decision making, and into post-trade mark-to-market. The end goal is of course “risk informed” pricing for trading decisions and mark-to-market. This area requires both a very sophisticated knowledge of quantitative finance as well as technology, like cloud computing and multi-threading. At Numerix, we have a bigger quantitative and technical staff focused on this problem than in most banks and as we’ve evolved we have added more market practitioners as well. As a result, as the market approaches a tipping point where XVA and Risk are colliding we feel Numerix is uniquely positioned to evolve, lead and innovate – and perhaps define this new risk area.” 

The full list of winners can be found here: Sell-Side Technology Awards 2015: The Winners

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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 90 partners across more than 26 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, Boston, Chicago, San Francisco, Sao Paulo, Vancouver, London, Paris, Milan, Stockholm, Frankfurt, Dubai, Beijing, Mumbai, Hong Kong, Seoul, Singapore, Sydney, Tokyo and Taipei, 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

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