|By Business Wire||
|February 28, 2013 02:40 PM EST||
Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, announced today that the firm was voted best overall in Structured Products Magazine’s Technology Rankings 2013 taking the No. 1 spot across all Pricing and Analytics categories (Commodities, Credit, Equities, FX, Rates) and received significant recognition for Risk Management being voted the best solution for Credit and Market Risk. Garnering 13.6 percent of the overall votes, Numerix maintained its No. 1 position overall.
“Being recognized as the best overall product solution for the second year running is a significant honor, and a testament to the collective hard work and ambition of every Numerix employee,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “It’s because of these dedicated individuals that our number of satisfied customers continues to grow amid evolving market conditions and regulatory challenges. We are once again infinitely grateful to the customers and end-users that continually take time out of their day to vote on our behalf year-over-year.”
According to Editors, key to Numerix’s success was its ability to extend its analytics software and bring into a single analytics framework where all asset classes can be structured, measured and managed in a consistent environment. This includes the calculation of risk factors and funding costs. O’Hanlon cited, “Institutions are increasingly looking to design products more holistically – looking at profitability end-to-end, taking into account everything from counterparty risk to liquidity risk, model risk and even operational risk across the full life cycle.” Editors also highlighted Numerix’s success in balancing the competing demands of flexibility and usability across its product offering.
In 2012, Numerix continued to extend its analytics software in new and innovative ways by entering new business verticals and expanding its asset class coverage. Numerix significantly increased its model coverage for Inflation and Volatility to further support inflation-related issuance and volatility dynamics. A new “Life” asset class was also introduced with the addition of the Lee-Carter Stochastic Mortality model for dealing with longevity risk and insurance variable annuity products.
Respondents were asked to nominate the firms that provide the best product offerings across different markets, such as market risk, credit risk, pricing and analytics, risk management, and trading systems and analytics, based on the functionality, usability, performance, return on investment and reliability provided by technology vendors.
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 75 partners across more than 25 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, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.
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