New York – February 27, 2014 – 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 2014 taking the No. 1 spot across all Pricing and Analytics categories (Commodities, Credit, Equities, FX, Rates, Cross-Asset) and received significant recognition for Risk Management being voted the best solution for Credit Risk and Market Risk. Garnering 20.2 percent of the overall votes, Numerix was also named the top provider for Credit Valuation Adjustment (CVA), Debit Valuation Adjustment (DVA) and Funding Valuation Adjustment (FVA) calculation. Across Systems Implementation Efficiency and Support, Numerix was also recognized as proving the best service and back up to its clients.
“Aligning pricing and risk across an institution is now an enterprise requirement driving the need for a consistent analytics approach. As the front and middle office have converged and IT infrastructures become less efficient, it’s critical for institutions to have the right architecture components in place to address growing concerns over integration, aggregation and performance optimization,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “By listening to customers, monitoring global market conditions, responding to regulatory demands and working tirelessly to integrate client solutions, we’ve successfully evolved our analytics and aligned our product strategy to meet the evolving needs of the structured products market.”
Satyam Kancharla, Senior Vice President and Chief Strategy Officer adds: “As regulation has become better understood, market participants are seeking greater clarity around the decision making process, and transparency for strategic planning and the allocation resources. In terms of pricing structured products and key metrics for risk and capital adjusted profitability measures, clients have begun to take action demanding access to the latest software developments and cloud technology to manage compute intensive processes, such as front office pre-trade analytics. Today it’s never been more important to adopt a next generation risk strategy that provides scalability for handling large volumes of complex data metrics and the flexibility of customization.”
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.
The full article and complete list of rankings can be found here: Numerix takes top spot in Structured Products Technology Rankings 2014
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.