Numerix Takes Home Best Credit Risk Product at the 2014 Sell-Side Technology Awards

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Numerix Tops Competition with the CrossAsset Analytics Platform – Integrating Pricing and Risk within a Single Framework for Real-Time Decision Making

New York, NY – April 23, 2014 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced it has won the award for “Best Sell-Side Credit Risk Product” in the second annual Sell-Side Technology Awards presented by Waters Technology. The awards recognize the leading technologies and third-party vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of the esteemed judging panel comprised of CIOs/consultants and Waters Magazine's senior staff members.

“As risk measurement and the integration into pre-trade analysis continues to evolve, it has never been more important to have a single framework and underlying infrastructure that can account for the full range of XVAs from a portfolio perspective, and tie back to the pricing and profitability of the trade,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “Over the past year Numerix continued to reinforce its approach to Counterparty Credit Risk, while accelerating performance and scalability for real-time derivatives valuation and risk analysis. We’re extremely proud of our accomplishments in this area and accept this award with great pride.”

Over the past year, Numerix focused on evolving its analytics into single stack approach which provides full support of all key metrics for risk and capital adjusted profitability measures. With all of these costs and trade pricing adjustments working together in a single “XVA” framework, Numerix customers benefit from cost transparency across all elements of credit, capital and funding. Extended with Numerix CrossAsset Server, the highly scalable, high performance computing environment enables users to perform large scale derivative computations and real-time calculations.

Victor Anderson, Editor-in-Chief, Waters and Waters Technology comments: “The credit risk category continues to be one of the most fiercely contested of all 22 categories making up the Sell-Side Technology Awards, both in terms of entry numbers and the quality of those entries. Numerix’s ability to break down silos and combine pricing and risk into a single, scalable analytics framework, were key criteria for its win. The firm has demonstrated by way of its innovative client solutions the transparency and agility of its products, as well as the consistency of its overall offering to the sell-side.”  

Satyam Kancharla, Chief Strategy Officer & Senior Vice President of Client Solutions at Numerix concludes: “While new rules under Basel III have brought the charge for Credit Valuation Adjustment to the forefront, managing the stark rise in capital costs, clearing house margin requirements and risk-weighted assets have left many banks scrambling to fund collateral, and balance profitability – from not only a trade, but portfolio level. To address this problem the Numerix CrossAsset Analytics Platform and Sever provide a framework where all of this can be looked at holistically – providing traders and risk managers with the most accurate business critical information for decision making and reporting.”

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 80 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, Sao Paulo, 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.

News Source : Numerix Takes Home Best Credit Risk Product at the 2014 Sell-Side Technology Awards
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