Hi there, welcome to Behind the Numbers, Numerix’s monthly newsletter—where we share our most popular resources and expert insights shaping the future of capital markets. In this edition, we cover the nuances of stress testing zero-day options, top takeaways from the SFVegas structured finance conference, the evolving role of generative AI in capital markets and the surge in APAC's convertible bond market. 

0DTE Stress Testing for Markets That Don’t Sleep 

Zero-days-to-expiration (0DTE) options—contracts that expire the same day they’re traded—offer low upfront costs, high leverage, and the ability to trade around same-day announcements or breaking news. But with no overnight life, there’s also no tomorrow to recover from a bad position. Our blog examines how 0DTE options are reshaping equity derivatives risk and why firms must adapt stress testing accordingly. 

SFVegas 2026: Key Takeaways for Structured Finance Professionals 

The Numerix team recently attended SFVegas 2026, and the takeaways are clear. From AI-powered due diligence to evolving credit scoring models, private credit growth, and a focus on structural resilience over rates—the industry is shifting fast. Our blog offers key conference insights highlighting how firms can navigate this rapidly evolving landscape.  

The AI ROI Debate in Capital Markets  

After the initial wave of excitement around generative AI, many firms are now asking harder questions. Where is the measurable return? What actually scales? And how do organizations move from proof-of-concepts to real operational impact? In this podcast, James Jockle of Numerix and Cubillas Ding of Celent weigh in on these core issues.  

APAC Convertible Market: 2025 Record Deal Flow Signals Broadening Adoption 

APAC's convertible market showed vigorous activity in 2025, delivering record performance with 54 deals raising $23.7 billion. Landmark zero-coupon issuances, like China Pacific Insurance Group's $2 billion deal, highlight convertibles' value in funding growth and navigating uncertainties. Get a breakdown of the 2025 trends and what’s in store as we move further into 2026.  

Announcement:

Numerix Announces 2026 Women in Finance Scholarship 

We are pleased to announce the launch of our 2026 Women in Finance Scholarship. Now in its 12th year, the annual $20,000 scholarship supports women pursuing advanced degrees in finance and related quantitative disciplines. Applications open on March 30, 2026.