NumeriX Opens New NYC Headquarters to Meet Explosive Demand for Independent Pricing and Valuation of Derivatives

5 August 2008

NumeriX LLC, the leading provider of independent cross-asset analytics for derivatives and structured products, has opened the doors to its new global headquarters in Midtown, Manhattan at 150 E. 42nd Street, New York. A significant portion of NumeriX’s 140 employees will occupy nearly 25,000 square feet of space in the facility, which was most recently occupied by Loews. NumeriX maintains 10 offices throughout the Americas, EMEA and Asia/Pac.

Given the issues in today’s financial markets, financial institutions, banks, insurance companies and corporate treasurers alike are looking for solutions to manage, value and hedge existing derivative investments to make prudent investment and risk management decisions. This heightened demand has led NumeriX to increase its professional staff to meet the requirements of its rapidly growing client base.

“Through this challenging time, we have been able to welcome many talented and experienced professionals to our family, as we’ve needed to strategically grow our professional staff to accommodate the demands of a market in transition,” said NumeriX President and COO, Steven R. O’Hanlon. ”In selecting our new headquarters, we were very discriminative to ensure that the space promotes collaboration between our business leaders and is reflective of the world-class organization that we have become.”

NumeriX’s new headquarters features natural light throughout the workspace, open areas for increased collaboration, and additional room for future talent – as the organization continues to grow.

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