Bloomberg and NumeriX Offer Integrated Pricing And Risk Analytics

NumeriX, the independent leader in pricing and risk analytics for fixed income, credit, foreign exchange and equity, today announced that Bloomberg and NumeriX have developed features that enable all BLOOMBERG PROFESSIONAL® service subscribers to utilize NumeriX pricing and risk analytics. Through the combined strengths of Bloomberg and NumeriX, buy-side and sell-side financial institutions will have ready, unprecedented access to independent pricing and risk information for structured products and exotic OTC derivatives. There are two key components to this new offering.

Bloomberg has embedded NumeriX analytics within a select set of BLOOMBERG PROFESSIONAL® service calculators. Available today, this enhanced functionality will satisfy customer demand for access to more exotic product pricing and risk management data on the BLOOMBERG PROFESSIONAL service and its trading systems.

NumeriX, in close collaboration with Bloomberg, has developed a fully integrated and enhanced version of NumeriX 6, its flagship pricing and structuring application. The NumeriX Bloomberg Edition, which is based on the latest NumeriX 6 analytics, boasts pre-integration with the Bloomberg API, dramatic usability improvements and more than one hundred “production ready” Microsoft Excel templates for Fixed Income, Credit, Equity and Foreign Exchange structures. The powerful and flexible structuring capabilities of the NumeriX Bloomberg Edition are available to Bloomberg users as an additional feature on the BLOOMBERG PROFESSIONAL service.

“It is great to know that NumeriX and Bloomberg have teamed up to further address the needs their clients,” said Zamir Iqbal, Principal Financial Officer of The World Bank: International Bank for Reconstruction and Development. “The tight coupling of Bloomberg data with the structuring power of the NumeriX Bloomberg Edition will foster growth of the structured products across the global capital markets in which The World Bank operates.”

"NumeriX on Bloomberg is evidence of the significance of new technology in the capital markets industry,” said Cubillas Ding, senior analyst with financial research and consulting firm Celent. “As financial instruments continue to become more complex and market speeds continue to accelerate, investors are looking for ways to increase their competitive advantage. Alliances like these help to give traders faster access to the tools they demand within the Excel interface they already use.”

"The integration of NumeriX analytics with Bloomberg analytics and Bloomberg data, delivered via the BLOOMBERG PROFESSIONAL service, gives the market the most complete risk and pricing product available," said Tom Secunda of Bloomberg.

The additional Bloomberg calculators and the NumeriX Bloomberg Edition will provide the following key benefits to Bloomberg and NumeriX customers: use of a consolidated information source for better models; support for modeling almost any structured financial instrument; access to previously separate data from one source; and ease of access to industry standard analytics.

“The trading community relies on speed and decimal point accuracy to make investment decisions,” said Dr. Gregory Whitten, CEO of NumeriX. “NumeriX Bloomberg Edition empowers our customers with a single source of information when decisions need to be made fast. The combination of Bloomberg’s market strength and NumeriX’s technology sets a new analytics standard for financial services companies.”

“This relationship bridges the data and analytics gap for those companies that demand sophisticated quantitative technologies to construct and price complex structures.” said Steven R. O’Hanlon, President and COO of NumeriX. “Bloomberg users can price any deal regardless of its complexity”.