Numerix Presented with “Technology Innovation Provider of the Year” Americas Award for a Sixth Consecutive Time

New York, NY – May 17, 2012 – Numerix (, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced it was named Technology Innovation Provider of the Year for the Americas by Structured Products Magazine. This is the sixth consecutive year that Numerix has won the award, a testament to the company’s commitment and success in the Americas region for the modeling, pricing, valuation and risk management of structured products.
Numerix continued to build on its leadership position in the region by bringing to market new and innovative technology solutions that met the specific needs of structured products clients across the America’s region, both through independent solutions and Numerix’s partnership network. Numerix also expanded its presence in the region with the addition of 27 new institutions to its client and partner roster. New clients represented a solid mix and cross section of the financial services industry: insurance companies, banks, corporations, hedge funds and sell side brokers.
“Upon receiving this significant and well respected industry award for the sixth year running, I was once again humbled and honored to be recognized for not only our commitment to technology and analytics innovation, but for our hard work and dedication to being the best in the marketplace,” said Steven R. O’Hanlon, President and Chief Operating Officer at Numerix. “Numerix’s continued success in this category is due to its ongoing investment in the highest caliber of talent and leadership possible; and at this junction the sky is truly the limit for this company when it comes to accelerating our technology, leveraging partnership solutions and managing the complexities of real-time trading and risk analytics.”
Responding to Regulatory Demands and Fundamental Market Shifts
A key component to its winning strategy in 2011 was the introduction of Numerix CVA, a flexible, transparent solution for calculating accurate, near real-time credit value adjustment (CVA) and potential future exposure (PFE), utilizing an accelerated American Monte Carlo simulation engine. The key differential for Numerix CVA is its ability to support any instrument type, including complex derivatives and structured products, as it leverages the powerful Numerix CrossAsset analytics platform and hybrid model framework.
Numerix was also recognized for its quick response to its insurance clients’ needs for increased risk management and pricing and policy valuation capabilities by introducing Numerix Leading Hedge, an insurance solution for risk management and hedging of annuity products, including Variable Annuities and Fixed Index Annuities. The increased adoption of structured products by the insurance and pension industries to hedge against risk in their Variable Annuity products prompted the need for such a forward-thinking solution.
According to Structured Products’ editors, Numerix’s accomplishment is also due to its dynamic partnership with Microsoft to help clients burst pricing and risk calculations to the cloud with Numerix CrossAsset on Microsoft Windows HPC and Azure. In teaming up with Microsoft, Numerix was able to deliver improved infrastructure and faster computation speed with cloud-based solutions helping to significantly reduce the amount of time need to model, price and manage complex structured products portfolios.
Satyam Kancharla, Senior Vice President of Client Solutions at Numerix added: “For banks needing to calculate risk analytics on a daily basis, the massive number of calculations being generated requires computational power unprecedented in the traditional market risk environment. Because users can run more simulations faster for any type of asset class on demand, they now have the flexibility to approach their trading decisions in a much more thorough and granular way.”
On the modeling side, Numerix responded to the rise in inflation-linked issuance by creating new Inflation Market Models that help capture the volatility that standard approached failed to address in the past and that enable clients to accurately price a wider range of inflation derivatives. Limitations in existing modeling which affected mark-to-market and effective risk management created an opportunity for Numerix to develop such models that can capture the entire inflation forward space.
The award, which was announced in the May issue of Structured Products Magazine, was presented to Numerix at Structured Product Americas on May 3th in Coral Gables, Florida. Numerix President and Chief Operating Officer, Steven R. O’Hanlon, accepted the award on Numerix’s behalf.

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

Numerix Media Contact
Emily Ahearn
Director of Public Relations
Phone 646 898 1294
Mobile 646 373 9654


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