Easy-to-use, customizable, deep analytic coverage helps firms maximize profits faster than ever before

New York, NY – April 23, 2007 – NumeriX, the independent leader in pricing and risk analytics, today released version 6 of its flagship analytics software. NumeriX 6 boasts key improvements to its user interface, enhanced capacity for integration, and improved flexibility and simplicity to meet trader and structurer operational demands. Version 6 also introduces a set of wizards, added instrument coverage, support of a new asset class for inflation rate derivatives, the industry’s first commercially available Stochastic volatility Libor Market Model for interest rates, as well as, deep market data integration making it easier than ever to price and structure new instruments on demand.

The key goal for this solution upgrade was to make life easier for the customer. Client feedback from the hedge fund, banking, asset management and insurance industry indicate this goal has been achieved. Through data integration, intuitive wizards to guide the user through specific tasks more efficiently, added solutions covering new instruments for all asset classes and the additional models and utility functions, NumeriX has succeeded in making access to the industry’s leading analytics package easier than ever.

"To gain competitive advantage our customers demand increasing speed and accuracy in valuing structured products and derivatives. Our product development and delivery is and will continue to be focused on enabling faster time to market, pricing and integration," said President and COO of NumeriX, Steven R. O'Hanlon. "In addition to speed NumeriX 6 brings flexibility, simplicity and most importantly usability."

Users also now have a choice of picking the traditional object interface or the functional interface. Customers will benefit from the following tools:

  • Quick Start – a new, intuitive navigation tool that allows quick and easy access to the extensive analytics library
  • Structuring Wizard – provides the ability to build custom structures and create simple-to-use deal workbooks while being guided by an intuitive wizard
  • Solution Builder – provides the ability to create complete solutions from customizable components. This powerful tool allows users to define and build trading strategies quickly and effortlessly
  • Auto-loading and On-Demand – a tool to achieve consistency and interoperability with old, new and auto-loaded data

As structured products and derivatives increase in complexity, the new features found in NumeriX 6 will prove critical to our customers in the hedge fund, banking, asset management, and insurance industry,” said Senior Vice President of product marketing, Vall Herard. “For the first time both quants and system integrators will have an easy to use, customizable, deep analytic coverage for all asset classes in one application. Our powerful analytics engine, coupled with the right tools will help firms maximize profits by allowing institutions to bring higher margin structured products to market faster than ever before.”

Version 6 now supports instruments such as Principal and Interest Only (PO and IO) tranches, two new Credit and Interest rate Hybrid models, Credit spread VaR and shortfall for credit sensitive instruments, multifactor models for inflation derivatives, and the ground breaking Stochastic volatility Libor Market Model, the most advanced interest model for interest rate products. Other improvements include added functionality to the software developer’s kit for more accurate calibrations and more consistent access across instruments and pricers. NumeriX analytics are easily integrated into the front, middle, and back office solutions of institutions and 3rd party partners through the NumeriX SDK, in C++, Java and C#. For complete detail of all new functionality please contact your nearest NumeriX sales office. Version 6 is available immediately. More product 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
Phone 646 898 1294
Email: eahearn@numerix.com

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