End User to Benefit from NumeriX and Calypso Partnership

19 November 2008

NumeriX and Calypso Further Partnership Calypso Technology Takes Lead Role for further development of NumeriX Integration End Users Benefit through comprehensive instrument class coverage, tighter integration and reduced implementation costs. New York, November 18, 2008 – NumeriX, the independent and leading analytics provider for structuring, pricing and valuation of derivatives and structured products, today announced an extended integration partner agreement with Calypso Technology, Inc., a leading global software provider of an integrated trading application suite to the capital markets. As a result of this expanded agreement, Calypso users will now have access to NumeriX's pricing and risk analytics software. Since 2005, Calypso and NumeriX have worked together to satisfy the needs of the most demanding and innovative issuers, broker/dealers and investors. The resultant integration of NumeriX's fixed income, inflation, and cross currency analytics has been very well received. As per the expanded integration partner agreement, Calypso users will be able to more accurately price and generate sensitivities for the most complex derivatives, including equity, interest rate, credit and hybrids. The integration of these market-vetted analytics within a proven trading system is designed to fully support the lifecycle of even the most complex exotic or hybrid derivative. This latest milestone comes in response to increased market demands for greater automation and risk transparency in response to the growing pressures from regulators and investors alike. Beyond integrating NumeriX analytics into its own rigorous QA process and full backward compatibility, Calypso is also committed to executing on a product roadmap in support of more comprehensive instrument class coverage.

"This extension of our integration partner agreement with Calypso Technology signifies the importance of full asset class coverage for the valuation of hybrids and exotics," said NumeriX President and COO, Steven R. O'Hanlon. "As traders struggle to maintain profitability in a crowded market, it is vital to provide the necessary tools to accurately value and maintain risk exposure for complex derivatives." "We are thrilled to strengthen this relationship with NumeriX," said Gerard Rafie, VP Marketing, Calypso Technology. "We've seen the results for our customers within one asset class and it was a natural progression to provide complete access to the NumeriX analytics suite. As today's markets evolve, we are committed to providing our users with access to the best available analytics within the Calypso application."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development