Numerix Takes First Place in the 2013 Risk Technology Rankings for CVA, FVA & DVA Calculation For Third Consecutive Year

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Numerix Aligns Trading and Risk across the Enterprise Solving Compute and Quantitative Challenges

New York, NY – December 11, 2013 – Numerix, (www.numerix.com) the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced that it has won first place in the Risk Magazine Technology Awards 2013 for the individual categories of “Enterprise Risk Management” - Credit Valuation Adjustment (CVA), Debt Valuation Adjustment (DVA) and Funding Valuation Adjustment (FVA) calculations and “Pricing Analytics” - Structured Products. Numerix also placed in all individual asset class categories.

“We’ve kept focus on core capabilities in derivatives pricing, while dedicating significant time and energy to enhancing the accuracy, performance and scalability of enterprise-wide risk calculations,” said Steven R. O’Hanlon, Chief Executive Officer and President of Numerix. “We’ve solidified our industry leading position in Counterparty Credit Risk, while evolving to accommodate front office risk in innovative ways.  As pre-trade checks have become a risk management necessity we’ve adapted our analytics to meet real-time requirements helping clients reduce capital charges and maintain profitability on each deal.”

He continues: “Risk reporting is no longer confined to batch runs overnight across silos of the trading operation – today we operate in a real-time environment putting an even greater emphasis on computational efficiency. The marriage of risk and trading also means these calculations are having impact in a pre-trade environment – where counterparty valuations and elements of funding dynamics are becoming pre-trade decision-making calculations. At Numerix we’ve addressed these challenges head-on delivering solutions that are fully virtualized and cloud ready, or server based. Our products are capable of acting upon hundreds of thousands of positions with real time performance, reflecting how risk analytics are changing.”

Numerix provides a flexible solution that enables users to produce robust risk calculations over large, complex portfolios holistically across the entire enterprise. By leveraging the power of a centralized calculation engine and running the necessary hardware behind it, users are able to deliver accurate data into the hands of traders for pre-trade assessment, hedge recommendations and what-if analysis in near-real time.

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 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.

Emily Ahearn

Director of Public Relations

Numerix

Phone 646 898 1294

Mobile 646 373 9654

Email: eahearn@numerix.com

News Source : Numerix Takes First Place in the 2013 Risk Technology Rankings for CVA, FVA & DVA Calculation For Third Consecutive Year

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