Numerix Named #1 Technology Vendor for Fifth Consecutive Year in the Structured Products Technology Rankings including being voted #1 across Six Pricing, Risk & Implementation Categories

Numerix also Wins ‘Technology Vendor of the Year’ in the Structured Products Americas Awards 2016

New York, NY – May 31, 2016

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announces the results of two major award programs honoring excellence in structured products technology, pricing and risk management. The firm has been voted best overall in Structured Products Magazine’s Technology Rankings 2016, as well as Technology Vendor of the Year in the Structured Products Americas Awards 2016.

In this year’s rankings in addition to being voted the top technology vendor overall, Numerix took the No. 1 spot for Credit, Rates and Cross-Asset in the Pricing and Analytics category, as well as being voted the top solution for Credit Risk and Market Risk management. Numerix was also named among the top providers of Limits, Collateral, Credit Valuation Adjustment (CVA), Debit Valuation Adjustment (DVA) and Funding Valuation Adjustment (FVA) calculation. Across Systems Implementation Efficiency and Support, Numerix was once again recognized for providing the best service and back up to its clients

“Our dominance in structured products technology speaks to how Numerix is looking to differentiate and disrupt the marketplace by bringing core and critical components together in a cross-asset infrastructure. This approach has been critical to helping our clients transform the way they conduct their business – whether it be in terms of increasing revenue, acquiring new clients, realizing cost savings, achieving regulatory compliance or increasing operational efficiency,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix.

Numerix was also named Technology Vendor of the Year – non-bank in the 2016 Structured Products Americas Awards. As an enterprise technology company our next generation risk technology platform supports front office trading and middle office risk from a single platform. As a result Numerix continues to be uniquely positioned to address the transformation occurring inside today’s financial institutions where cross-asset front office analytics is emerging and squeezing into traditional middle office risk management functions. Structured Products editors also cite staying ahead of client demands in the insurance annuities space as the key to Numerix taking home this honor as well as its solutions for helping clients to manage exposures resulting from fixed indexed annuities.

Mr. O’Hanlon continues: “The ability to look at structured products holistically within a converging environment for XVA pricing, counterparty credit risk exposure and market risk, and the ability to understand real time limits of certain exposures revealed through the XVA process has driven Numerix’s success in both the ranking and Structured Products awards. Getting tools in place before customers need them has also been key to our success over the past year. This was certainly the case as the structured products market came to grips with the phenomenon of negative rates starting in 2014 and we began to see negative rates strategies being used as longer term monetary policy. Our Free Boundary SABR model was able to help clients adjust to this new environment from a technology and modeling perspective.”

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 90 partners across more than 26 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, Boston, Chicago, Los Angeles, Mexico City, Miami, Vancouver, London, Paris, Milan, Helsinki, Frankfurt, Dubai, Beijing, Mumbai, Hong Kong, Seoul, Singapore, Sydney, Tokyo and Taipei, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com.

PR Contact:
Emily Jean-Pierre
Vice President of Public Relations
P: +1 646 898 1294
M: +1 646 373 9654
ejeanpierre@numerix.com

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