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 industryâs 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 industryâs 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:
â¢ Quick Start â a new, intuitive navigation tool that allows quick and easy access to the extensive analytics library
â¢ Structuring Wizard â provides the ability to build custom structures and create simple-to-use deal workbooks while being guided by an intuitive wizard
â¢ Solution Builder â provides the ability to create complete solutions from customizable components. This powerful tool allows users to define and build trading strategies quickly and effortlessly
â¢ Auto-loading and On-Demand â a tool to achieve consistency and interoperability with old, new and auto-loaded data
â¢ Data Links â to Bloomberg, BQuotes (native integration), CMA DataVision and Markit
âAs 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,â said Senior Vice President of product marketing, Vall Herard. âFor 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.â