Numerix Improves Across Pricing Categories and Drives Innovation for Enterprise Risk Management

New York, NY – January 20, 2016 – Numerix caps off another banner year of award wins with the unveiling of the 2015 Risk Technology Rankings. Moving up the list in nearly every pricing category which includes a #1 ranking in Structured Products, Equities and Credit, Numerix was also recognized for its CVA, DVA and FVA calculations in the enterprise-wise risk management category.

“As one of industry’s most competitive and well-respected rankings of risk technology for pricing & analytics, trading systems and enterprise-wide risk management, our inclusion in the Risk Rankings year-over-year is a testament to the sophistication, adaptability and scalability of our CrossAsset pricing and risk technology, especially when going head-to-head with the Goliath’s of the industry,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix.

As the company that profoundly innovated and invented the space for multi-asset class pricing, in the wake of the financial crisis Numerix anticipated the future of risk and how it would evolve around a standard set of pricing analytics. Its foundation as a pricing company has enabled it to not only develop risk solutions consistently and holistically, but across silos. Numerix enables users to integrate all XVA adjustments and derivative-related costs into pre-trade prices, so traders can transact only profitable trades and ensure the derivatives business remains highly competitive and profitable.

“While Numerix continues to be recognized for its risk technology innovation for counterparty credit risk management, its engine for XVA pricing serves front office needs, enabling the rapid deployment of pricing and risk analytics including pre-trade decision support and XVA pricing adjustments CVA/DVA, FVA, KVA and others,” adds O’Hanlon. “In 2016 you will see us evolve our core pricing functionality for real-time XVA pricing in unison with market risk analytics and exposure measures for counterparty risk management. Providing a unified market risk, counterparty risk, and XVA pricing engine firms will be empowered to make informed risk and capital allocation decisions, maximizing enterprise profitability while minimizing risk.”

“In the current environment we see a majority of sell side institutions going through an awakening where financial regulations have caused them to realize that what they’ve been doing isn’t working, and the costs associated with their derivatives business are strangling them – from both a man power and systems perspective,” said Peyman Mestchian, Managing Partner at Chartis Research. “As institutions undergo this transformation they are seeking to reduce systems to a more manageable size while putting in place next generation technology that enables them to scale. Vendors that are able to reduce the footprint of systems and provide a single platform for both pricing and risk are helping the market move in this direction.”

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
Vice President of Public Relations
Numerix
Phone 646 898 1294
Mobile 646 373 9654
Email: eahearn@numerix.com

 

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