Numerix Recognized for Pricing, Insurance and Cloud Computing Innovation by Structured Products Magazine

New York - 18 May 2012

Numerix Presented with “Technology Innovation Provider of the Year” Americas Award for a Sixth Consecutive Time

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, has announced it was named Technology Innovation Provider of the Year for the Americas by Structured Products Magazine. This is the sixth consecutive year that Numerix has won the award, a testament to the company’s commitment and success in the Americas region for the modeling, pricing, valuation and risk management of structured products.

“Upon receiving this significant and well respected industry award for the sixth year running, I was once again humbled and honored to be recognized for not only our commitment to technology and analytics innovation, but for our hard work and dedication to being the best in the marketplace”

Numerix continued to build on its leadership position in the region by bringing to market new and innovative technology solutions that met the specific needs of structured products clients across the America’s region, both through independent solutions and Numerix’s partnership network. Numerix also expanded its presence in the region with the addition of 27 new institutions to its client and partner roster. New clients represented a solid mix and cross section of the financial services industry: insurance companies, banks, corporations, hedge funds and sell side brokers.

“Upon receiving this significant and well respected industry award for the sixth year running, I was once again humbled and honored to be recognized for not only our commitment to technology and analytics innovation, but for our hard work and dedication to being the best in the marketplace,” said Steven R. O’Hanlon, President and Chief Operating Officer at Numerix. “Numerix’s continued success in this category is due to its ongoing investment in the highest caliber of talent and leadership possible; and at this junction the sky is truly the limit for this company when it comes to accelerating our technology, leveraging partnership solutions and managing the complexities of real-time trading and risk analytics.”

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