Taiwan based financial institution expands on existing in-house Numerix solution to include enhanced market risk analytical capabilities across the organization

New York and Taipei City Taiwan– February 22, 2011 – Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, announced today that Yuanta Financial Holdings has chosen Numerix Advanced Risk for Portfolio to be used within its risk management department. Yuanta has been a direct client of Numerix since March of 2008, with the successful implementation and deployment of Numerix Bloomberg Edition (NBE).

Numerix Advanced Risk enables Yuanta to effectively manage, monitor and report on market risk exposure for their entire range of portfolios including banking, securities and asset management groups, across all asset classes including vanilla instruments, semi-exotics, exotics and structured products on one consolidated platform. With Numerix Advanced Risk, Yuanta can aggregate risk, drill-down across all trades and rapidly price and calculate mark-to-model as well as historical and Monte Carlo Value-at-Risk (MC VaR) computations for all OTC derivatives and structured products.

Numerix’s ability to accurately price any financial instrument, including semi-exotics and exotics and offer the broadest product coverage possible, were key factors in Yuanta’s decision to further its customer relationship with Numerix. Yuanta also plans to implement Numerix’s Counter-Party Risk functionality in the near term.

“Two years ago we chose to embed Numerix pricing and risk management tools within our organization,” said Connie Lin, Chief Risk Officer at Yuanta Financial Holdings. “We are pleased with the outcome of that decision and also with Numerix’s ability to offer valuations on our entire range of portfolios, including semi-exotic and exotic instruments. We look forward to expanding our relationship with Numerix to now include market risk and Value-at-Risk (VaR) calculations and reporting capabilities as part of our daily risk management operations.”

“We are pleased that Yuanta has chosen to expand upon its client relationship with Numerix and we look forward to assisting them in the overall enhancement of their firm-wide risk management efforts,” said Steven R. O’Hanlon, President and COO at Numerix. “The implementation of Numerix Portfolio for Market Risk demonstrates our continued commitment to provide our clients with the sophisticated desk-level analytics and total product coverage they need to effectively analyze and manage risk in today’s marketplace.”

"After the events of 2008 and 2009 and the ensuing focus on rigorous risk management practices and accurate pricing of assets, Celent is witnessing strong demand for flexible analytics and portfolio risk solutions for derivatives and structured products such as the solution suite from Numerix,” states Dr. M. Habbal, Senior Vice President, Head of Securities & Investments, Celent.

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. Numerix offers clients a highly flexible and fully transparent framework for the pricing and risk analysis of any type of OTC derivative financial instrument. From vanillas and "semi-exotics" to bespoke derivatives, structured products and variable annuities, Numerix allows users to calculate prices and manage risk using any data set.

Since its inception in 1996, over 700 clients and 50 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 Australia, Beijing, Chicago, Dubai, Hong Kong, London, New York, Singapore, South Korea and Tokyo, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit www.numerix.com.

About Yuanta Financial Holdings
Yuanta Financial Holdings offers comprehensive financial services through its subsidiary firms, which include securities, securities finance, commercial bank, futures, investment consulting, and asset management, among others. Yuanta’s primary strength lies in its securities-related capabilities, and it has held the market leading position for these services in Taiwan for decades. Headquartered in Taipei, Yuanta’s securities and banking distribution network covers Taiwan with 141 securities and 88 bank branches with 5,000 professionals servicing clients.

The flagship subsidiary, Yuanta Securities, has been the unrivalled leader in securities brokerage in Taiwan for the past 15 years. The company controls 12% market share in securities brokerage and 20% in securities margin financing. Yuanta is focused on expanding in the greater China region and currently has an operating unit in Hong Kong and representative offices in China.

As Yuanta looks to the future, its vision is to continue deepening its roots in Taiwan and strengthen its presence in Greater China in order to better service clients. For more information, visit www.yuanta.com

Media Contact:
Todd Swearingen
+1 646-898-1294

Need Assistance?

Want More From Numerix? Subscribe to our mailing list to stay current on what we're doing and thinking

Want More from Numerix?

Subscribe to our mailing list to stay current on what we're doing and thinking at Numerix

Subscribe Today!