Latest version highlighted by support for new cross-currency, credit, equity and hybrid models

New York, NY – September 10, 2007 – NumeriX, the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives, today announced the availability of NumeriX 6.1, the enhanced version of its award winning analytics software solution. Available immediately, NumeriX 6.1 features support for new cross-currency, credit, equity and hybrid models. As a result, traders will have access to the industry’s most comprehensive analytics solution for pricing and structuring instruments on demand.

Highlights of NumeriX 6.1 include:

  • New equity and equity-hybrid basket models for forward and backward pricing
  • New local-intensity credit basket model for pricing tranche options
  • New cross-currency LIBOR Market Model (LMM)
  • New backward pricing model for interest rate and equity derivatives
  • Improved stability of backward lattice pricings

“We are constantly looking for new ways to make pricing complex instruments and products simpler and quicker for our customers,” said Kevin Samborn, senior vice president, integration and services at NumeriX. “Smart traders looking for a competitive advantage in a volatile market must gather and analyze accurate market data from across a wide variety of asset classes. NumeriX 6.1 gives our customers the additional tools they need to price even the most complex, arbitrary structures across the asset classes we support.”

NumeriX provides the industry’s most sophisticated cross asset pricing platform for traders, quants and risk managers of derivatives and structured products. NumeriX allows users to structure complex derivatives using a proprietary scripting language and a wide range of model and calibration options. More details can be found online at http://numerix.com

About Numerix

Numerix is the leading provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Committed to out-of-the box thinking, the exploration and adoption of latest technologies, Numerix is dedicated to driving a more open, fintech-oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. For more about Numerix: http://www.numerix.com/

Emily Ahearn
Director of Public Relations
Numerix
Phone 646 898 1294
Email: eahearn@numerix.com

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