NUMERIX — CHARTIS QUANTITATIVE ANALYTICS50 2026 #1 OVERALL

Kynex vs. Leversys

Convertible bond analytics comparison: market-consensus pricing data, model depth for complex structures, and cloud-native API access versus front-to-back CB workflow platform.

BOTTOM LINE: Leversys manages the convertible bond workflow. Kynex is the market standard for CB pricing — the platform whose data the market feeds into, making Kynex valuations the opening traded price. For model depth, data authority, and programmatic analytics access, Kynex has no peer in the convertibles market.

PLATFORM VALIDATION — CHARTIS QUANTITATIVE ANALYTICS50 2026

Numerix ranked #1 Overall (81.80) | Leversys is not ranked in the Chartis Quantitative Analytics50 2026

Kynex is part of the Numerix platform, which holds the #1 overall position in the Chartis Quantitative Analytics50 2026 ranking. Numerix wins the Overall, Impact, and Strategy awards, plus category awards for xVA, OTC Derivatives Pricing, AI-Driven Asset Pricing, Equity Derivatives, and Innovation in Integrated Risk Analytics. Kynex brings this institutional analytical depth specifically to the convertible bond market — the only CB specialist backed by a Chartis #1 ranked analytics enterprise.

How the platforms compare

DIMENSION	KYNEX BY NUMERIX	COMPETITOR
Market Status	Market standard — trusted by the world's top convert professionals	Specialist boutique — estimated 18 employees, one publicly named client
CB Data	Proprietary database; market feeds pricing into Kynex — Kynex becomes the opening traded price	CB terms and conditions data service bundled with platform
Pricing Model	Continuously evolving model handling nearly all CB valuation nuances, including CoCo, AT1, ASCOT, mandatory, reverse	PDE-based model documented in 2011 technical materials; complex structure coverage not publicly verified
API Access	Single Name API: cloud-native SaaS, JSON output, Python/.NET/Excel integration	Data Service API for T&C data only; no analytics SDK documented publicly
Platform	Cloud-native, web-based, 14-day free trial available	Cloud SaaS and on-premises with stated feature parity
Institutional Scale	Part of Numerix — Chartis #1 ranked analytics enterprise 2026	Founder-family owned, bootstrapped, no disclosed external funding

Direct comparison across key dimensions

DIMENSION	KYNEX BY NUMERIX	COMPETITOR
CB Data Authority	KYNEX ADVANTAGE Kynex's proprietary database consolidates and structures historical convertible bond terms, updated with pre-market term sheets, corrections, and evolving details. The market feeds pricing into Kynex — Kynex valuations become the opening traded price. This is not a data service. It is the market reference.	DATA SERVICE Leversys offers a Data Service for convertible bond terms and conditions, available bundled with the platform or via Web Service API. Data is curated and maintained by Leversys. Coverage and depth are not independently verified in public sources.
Complex Structure Coverage	KYNEX ADVANTAGE Kynex prices vanilla, mandatory, reverse, CoCo, AT1, ASCOT, and equity-linked structures with full nuance handling. The pricing model evolves continuously to adapt to changing market conditions. Any time a transaction is announced, it is on Kynex. Clients get the details immediately.	PDE-BASED METHODOLOGY Leversys uses PDE-based pricing documented in a 2011 technical presentation. Coverage across complex CB structures — CoCo, AT1, ASCOT, mandatory convertibles with path-dependent features — is not publicly verified or documented in current materials.
API and Programmatic Access	KYNEX ADVANTAGE Kynex Single Name API delivers cloud-native, SaaS analytics: stream real-time inputs (credit spreads, volatility, stock prices, FX, borrow cost) and receive fair values, Greeks, implieds, and sensitivities in JSON. Integrates with Python, .NET, Excel, OMS/PMS/RMS. No server management required.	DATA API ONLY Leversys provides a Web Service API for its Data Service (T&C data). No analytics SDK, no programmatic pricing access, and no developer-grade analytics API is documented in current public materials.
New Issue Pricing	KYNEX ADVANTAGE Kynex New Issue Pricer is simple, intuitive, and fast. Investment banks can structure and value hypothetical convertible bonds in real time, adjusting assumptions on a client call and delivering accurate results in seconds.	SUPPORTED Leversys includes new issue pricing within the Marketspace platform. Specific methodology and speed benchmarks are not detailed in public materials.
Platform Architecture	CLOUD-NATIVE SaaS Web-based, cloud-native deployment with minimal IT infrastructure requirements. Single Name API is pure SaaS hosted on Numerix's infrastructure with dynamic scaling on AWS. 14-day free trial available.	HYBRID DEPLOYMENT Leversys offers both cloud-hosted SaaS (Marketspace) and on-premises deployment with stated feature parity. Designed to accommodate data residency requirements for sell-side clients.
Front-to-Back Workflow	ANALYTICS LAYER + OMS/PMS Kynex provides Core Analytics, Portfolio Management System, and Order Management System for the full CB lifecycle. Designed for both buy-side and sell-side participants with FIX integration for trade execution.	FULL WORKFLOW PLATFORM Leversys covers screening, analytics, OMS, trade capture, P&L, and MiFID II reporting in a single platform. Strong operational completeness for CB desks that want one system for the full lifecycle.
Vendor Scale and Continuity	INSTITUTIONAL BACKING Kynex is part of Numerix — Chartis #1 ranked quantitative analytics enterprise in 2026. Full Numerix development investment, engineering capacity, and organizational scale behind the convertibles platform.	BOUTIQUE SPECIALIST Leversys is founder-family owned with an estimated 18 employees and no disclosed external funding. One publicly identified client (Mirabaud Asset Management) in current sources. Deep practitioner heritage and relationship-driven service model.

When to use Kynex

KYNEX — THE MARKET STANDARD

Best fit for CB professionals who need market-consensus pricing

Kynex is the right choice for any CB desk that needs the pricing reference the market itself trades off, model depth for complex structures including CoCo, AT1, ASCOT, and mandatory convertibles, programmatic analytics access via the Single Name API, and the institutional backing of the Numerix platform — Chartis #1 in 2026.

14-DAY FREE TRIAL

See Kynex against your own book before committing

Kynex offers a 14-day free trial. CB professionals can evaluate the pricing model, data depth, and analytics directly against their own portfolio. Contact Numerix to get started.

Frequently asked questions

What makes Kynex different from Leversys for convertible bond analytics?

The most fundamental difference is data authority. Kynex's proprietary database is the pricing reference the market itself feeds into — Kynex valuations become the opening traded price for convertible bonds. This is not a managed data service; it is the market consensus. Leversys offers a Data Service for terms and conditions. These are structurally different propositions. On top of the data layer, Kynex covers complex CB structures — CoCo, AT1, ASCOT, mandatory, reverse — with a continuously evolving pricing model, a cloud-native Single Name API for programmatic analytics access, and the institutional backing of Numerix, Chartis #1 ranked quantitative analytics enterprise in 2026.

Does Kynex have an API for convertible bond analytics?

Yes. The Kynex Single Name API is a cloud-native SaaS solution that provides programmatic access to Kynex's valuation engine. Clients stream real-time inputs — stock prices, credit spreads, volatility, FX, borrow cost — and receive fair values, Greeks, implieds, yields, and sensitivities in JSON. It integrates with Python, .NET, Excel, OMS/PMS/RMS, and custom dashboards. No server management required. Leversys offers a Web Service API for terms and conditions data only — no analytics SDK or programmatic pricing access is documented in their public materials.

How does Kynex handle CoCo and AT1 structures compared to Leversys?

Kynex's pricing model is built to handle nearly all convertible valuation nuances including CoCo and AT1 structures with non-standard loss absorption triggers, mandatory convertibles, ASCOT structures, and equity-linked notes with path-dependent features. The model evolves continuously to adapt to changing market conditions. Leversys documents a PDE-based methodology from a 2011 technical presentation. Current coverage for complex or non-vanilla CB structures is not publicly documented or independently verified.

Is Kynex part of a larger platform or a standalone product?

Kynex is part of the Numerix platform ecosystem, which includes CrossAsset, Oneview, PolyPaths, FINCAD, and NxCore. Numerix is ranked #1 Overall in the Chartis Quantitative Analytics50 2026, winning Impact, Strategy, xVA, OTC Derivatives Pricing, and AI-Driven Asset Pricing. Kynex brings this institutional analytical depth specifically to the convertible bond market — the only CB specialist backed by a Chartis #1 ranked analytics enterprise.

Can Kynex and Leversys be used together?

Yes. Kynex operates as the analytical depth layer for CB pricing, data, and programmatic analytics. Clients who use Leversys for workflow — OMS, trade capture, MiFID II reporting — can run Kynex as the pricing and model layer for the structures where analytical precision matters most. The Kynex Single Name API makes this integration straightforward via JSON outputs that connect to any downstream system.

Does Kynex offer a free trial?

Yes. Kynex offers a 14-day free trial. Approximately 30 to 40 percent of Kynex clients requested the Single Name API capability before it was built — indicating the depth of engagement from the existing user base. The free trial allows CB professionals to evaluate the pricing model, data depth, and analytics directly against their own book before committing.

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Kynex is the market standard for convertible bond pricing. Leversys manages the CB workflow. The data the market trades on is Kynex data.

Leversys is a credible, practitioner-built CB workflow platform for desks that want operational completeness in a single system. Its founder heritage and dual-deployment flexibility are genuine strengths for the specific buyer who needs one tool for the full CB lifecycle. The conversation changes on three dimensions: data authority, model depth for complex structures, and programmatic analytics access. On all three, Kynex is the stronger answer. The Kynex proprietary database is the market reference — participants feed their pricing into Kynex, making Kynex the consensus that opens the traded day. The Single Name API brings that consensus directly into any trading, risk, or portfolio system via JSON. And Kynex is backed by the full Numerix analytics enterprise, Chartis #1 ranked in 2026.

Leversys information derived from publicly available product materials and third-party sources as of May 2026. Chartis Quantitative Analytics50 2026 ranking data from the published Chartis STORM 2026 report series. Kynex capabilities sourced from numerix.com. This page is produced by Numerix for informational purposes.