Sydney Based Sales Operation to Provide Clientele with Local Sales, Product Support and Access to Global Derivative and Risk Analytics Expertise

New York, NY & Sydney- October 20, 2010 – Numerix (, the leading provider of cross-asset analytics for derivatives valuations and risk management, has opened a new regional sales office in Sydney, Australia. The new Sydney office increases the total number of Numerix Asia-Pacific (APAC) offices to seven. The office will be managed by Jack Drewe, Regional Sales Director, who is responsible for the Australian and New Zealand regions. The new Numerix office symbolizes the established nature and importance of the derivatives markets in Australia and serves as a validation of Numerix’s strategic commitment to the region and to providing sales and analytical support at the local level. Drewe will report directly to Erdem Ozgul, Vice President, Numerix Asia South Sales Operation.

The growth of the APAC derivatives markets over the past 12 years has been matched by the growth of Numerix. This mutual expansion has now led to the opening of the Numerix Sydney office and to the ongoing creation and “packaging” of Numerix pricing and risk management products catering directly to the insurance, OTC derivatives (FX, commodity) and structured products markets across the region.

“We are pleased to now be in a position to provide permanent local support for our Australian clients,” said Numerix President and COO, Steven R. O’Hanlon. “Given the established and dynamic nature of the derivatives markets across the region, having local sales support for our Australian clientele is critical as we assist institutions in developing the best practices necessary in this market. I am confident in our firm’s continued ability to grow and package our products targeting such strategic areas as risk, insurance/ variable annuities, commodity derivatives and to making sure that we continue to meet the overall pricing and risk management needs of our clients across the region.”

Numerix Quantitative Advisory Board member and co-developer of the BGM model, Dr. Alan Brace stated, “I would like to congratulate Numerix on establishing their direct sales presence in the Australian derivatives markets. Their pricing models and risk management tools will provide users across the region with the close to cutting edge technology needed to effectively manage their increasingly complex day to day derivatives and insurance operations.”

Professor Erik Schlögl, Director of the Sydney based, Quantitative Finance Research Centre (QFRC) at the University of Technology, Sydney (UTS) Faculty of Business stated, "The Numerix CrossAsset platform has become an industry standard for pricing and risk management of structured financial products. Numerix’s direct entry into the Australian derivatives markets reflects how advanced and mature the markets in the region have become.”

Numerix continues to successfully expand its presence in the APAC region, experiencing double-digit client growth with the addition of over 30 new institutions to its APAC client roster in 2010. In addition to opening the new Australian office, specific Numerix product highlights included:

• Insurance (ALM/Life): Numerix’s products have been enhanced with new features specific to the insurance sector, including: variable annuity (VA) hedging portfolios, performance attribution analysis, scenario analysis and ESG (economic scenario generation), Cross-Greeks.
• Numerix CrossAsset XL and Numerix Portfolio Products Solution: The successful launch of Numerix CrossAsset SDK running on Microsoft Windows HPC Server 2008 R2 and HPC Services for Excel 2010.
• “One – step” Monte Carlo Value at Risk (MC VaR): Numerix has added support for its “One – step” Monte Carlo Value at Risk (MC VaR) reporting and scenario generation capabilities within Numerix Portfolio. The new Numerix One-Step method dramatically accelerates the ability to run “One-Step” MC VaR and Credit Value Adjustment (CVA) computations for structured products and OTC derivatives.
• Numerix Commodities Module: In response to the rapidly growing Australian commodities markets, Numerix’s new Commodities module allows for the pricing, valuation and risk analysis of commodity futures, swaps, and options, both single-name and basket trades.
• Suite of trader workbook applications: Numerix introduced its suite of trader workbook applications, as part of its Numerix Bloomberg Edition: Numerix FX Trader, Numerix Rates Trader, Numerix Credit Trader and Bond Trader.

Office Contact Information:
Numerix, Australia and New Zealand
Level 34, 50 Bridge Street
Sydney, NSW, 2047

Local Contact:
Jack Drewe, Regional Sales Director
Office: +612 8216 0757
Mobile: +61 (0)413752627
Fax: +612 8216 0701

Active in the APAC region since 1998, Numerix has developed a reputation for delivering the most sophisticated analytic solutions and therefore has been the product of choice for some of the largest derivative market participants in the region. The Australian office opening and global product releases represent a successful 2010 for Numerix in APAC. In September 2010, Numerix took top five recognition honors for the second straight year in Asia Risk's 2010 Technology Rankings and was also named Technology Company of the Year in Asia for the third straight year by Structured Products Magazine. In the May 2009 Celent Report, Numerix was identified as the leader among its peers- providing advanced technology and functionality for pricing derivatives products, breath of cross asset coverage and depth of client services.

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 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 New York, London, Tokyo, Hong Kong, Singapore, South Korea, India, Dubai and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit

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

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