Numerix Ranks #5 in Chartis Research STORM50 2021 Ranking

Statistical and Analytical Modelling Expertise Secures Award Wins for Numerix in Three Categories: XVA, OTC Derivatives, and Domain-Specific Languages

Numerix, the leader in risk technology, today is proud to announce its #5 placement in the Chartis Research STORM50 Ranking for 2021. The STORM50 report, standing for Statistical Techniques, Optimization frameworks and Risk Models, tracks the increased ubiquity, convergence and changing nature of the statistical and analytical models that drive modern finance. It also examines the increasing industrialization, engineering orientation and operationalization of models that underpin financial markets, institutions, and transactions.

Chartis Research has also selected Numerix as the winner of three categories in its STORM50 Ranking: XVA, OTC Derivatives, and Domain-Specific Languages.

“At Numerix we are proud of our deep analytical and quantitative heritage going back to our earliest days of developing models for the calibration, pricing, hedging, and risk management of exotic derivatives,” said Steve O’Hanlon, CEO of Numerix. “As mathematical models are the foundation of finance, we pride ourselves on our analytically-intensive software solutions, and what Chartis refers to as ‘algorithmic engineering’.​ Our reputation as the premier quant shop has now greatly expanded to a provider of next generation capital markets solutions and applications. Today our real-time trading and risk management platform, Oneview, provides a holistic, multi-dimensional view of a firm’s derivatives business, and of course is built on the industry’s best analytics.”

Sidhartha Dash, Research Director at Chartis Research and a contributing author of the STORM50 report, adds, “Numerix impressed us with its continuing innovations in modeling and statistical algorithms, and in particular the breadth and depth of its quantitative frameworks for derivatives across multiple asset classes.”

Numerix’s top 5 showing in this year’s ranking is due in large part to its innovations across several areas, including:

• The development of novel algorithms and techniques in credit and market risk.
• Statistical techniques and optimization frameworks.
• The use of algorithmic differentiation for XVA.
• Risk management and derivatives calculations.
• The use of artificial intelligence and machine learning techniques in quantitative finance.
• The broad use of database types.
• Computationally focused programming languages.

In addition to its #5 ranking in the Chartis STORM50 2021, Numerix has been ranked in the top 10 of the Chartis RiskTech100® 2021, and won the individual awards for Pricing & Analytics – OTC Derivatives and XVA.

To learn more about Numerix solutions for pricing and risk management contact sales@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: www.numerix.com

About Chartis Research

Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

RiskTech100®, RiskTech Quadrant® and FinTech Quadrant™ are Registered Trade Marks of Infopro Digital Services Limited.

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