Numerix and Proveedor Integral de Precios (PiP) Win Best Partnership at Sell-Side Technology Awards
Partnership recognized for transforming risk analytics in Latin America, delivering scalable, high-performance infrastructure through NxCore Analytics Services.
June 6, 2025 – Numerix, a leading capital markets quantitative analytics technology provider, today announced they have won the Best Alliance or Partnership at the WatersTechnology Sell-Side Technology Awards 2025, alongside strategic partner, Proveedor Integral de Precios (PiP), the leading independent price provider in Latin America.
This award highlights the partnership’s transformative impact in reshaping derivatives valuation across Latin America. At the heart of the partnership is NxCore Analytics Services, a powerful, cloud-native platform that has enabled PiP to modernize and scale xVA adoption in the region.
By leveraging NxCore Analytics Services, PiP has successfully addressed key industry obstacles including, underdeveloped xVA functions, outdated legacy systems, and operational inefficiencies. NxCore Analytics Services delivers precise pricing, optimized hedging, and sophisticated risk analytics, giving financial institutions across Latin America the tools to boost profitability and stay ahead in this rapidly evolving market.
The partnership began with a multi-year initiative to transition Numerix´s PiP operations to the cloud, culminating in the deployment of NxCore Analytics Services. This transformation has accelerated time-to-market for new products, improved agility in meeting evolving regulatory demands across Latin America, and ensured a scalable service model powered by AWS to support growing client needs.
“Our partnership sets a new benchmark for innovation and collaboration in Latin American capital markets,” said Tom Lin, Chief Revenue Officer at Numerix. “With NxCore Analytics Services, we have addressed long-standing industry challenges and delivered measurable value to PiP and their clients.”
“Our partnership with Numerix redefines what’s possible for derivatives services in Latin America”, said Alfredo Font, CEO at PiP. “Built on a cloud-native foundation, NxCore Analytics Services delivers precision, scale, and performance, giving our clients a powerful competitive advantage in today’s market.”
Looking ahead, PiP plans to extend its capabilities with advanced initial margin calculations, leveraging Numerix’s robust Greek analytics. Together, Numerix and PiP remain committed to advancing the future of risk management across Latin America.
About NxCore Analytics Services
Built on Numerix’s proven analytics engine, NxCore Analytics Services delivers unparalleled breadth and depth of asset class coverage, supporting a wide range of OTC derivatives, structured products, and complex instruments across global markets. Its cloud-native design enables rapid deployment, seamless updates, and exceptional flexibility, empowering institutions to modernize their risk infrastructure with confidence.
About Numerix
Since its founding in 1996, Numerix has been at the vanguard of financial technology, providing groundbreaking expertise, quantitative analytics, and software that redefines pricing and risk management in the financial markets. With the strategic acquisitions of FINCAD, Kynex, and PolyPaths, Numerix has further strengthened its leadership position, empowering financial institutions worldwide to transform risk into opportunities with confidence.
Numerix is headquartered in New York City, with offices around the world in major financial centers that allow immediate access to the latest trends, innovations, and thought leaders in the industry. This extensive network across the Americas, EMEA, and Asia-Pacific enables Numerix to offer localized support and services to its diverse clientele while drawing on global insights and expertise.
About PiP:
Headquartered in Mexico City, PiP is the leading multinational corporation in fair value, providing valuations for local and international markets. Its products include closing price valuations, curves, databases, options tools and customized products including valuation of derivative instruments and structured notes. Risk analytics also provide inputs for calculating financial risks and simulating the performance of instruments in future and stress scenarios. PiP is the official source of valuations for the region, providing a precise and consistent source of timely and auditable information of LatAm financial markets. For more information please visit: www.piplatam.com