The valuation and pricing of structured products is coming under great scrutiny as a result of the recent market volatility. Via NumeriX Excel, Yuanta now has access to the industry-standard analytics and models of NumeriX 7.2 to accurately price financial products across all asset classes. Moreover, Yuanta plans to extend the relationship with NumeriX to manage and monitor risk exposure across its entities.
âWe chose to embed NumeriX tools within our organization in order to help our entities better maneuver the volatility in the market today,â said Connie Lin, Chief Risk Officer at Yuanta. âWe are delighted to see that the applications are easy to use and the support specific to Asia is critical to our success in managing risk in todayâs market.â
âAs Taiwan and the APAC regionâs derivatives market has matured, it is critical that investment organizations have the capabilities to closely monitor risk exposure internally for pricing of these complex products. We are pleased Yuanta chose NumeriX to help enhance its risk management efforts,â said Steven R. OâHanlon, President and Chief Operation Officer at NumeriX. âThis deal demonstrates our growing presence in the AsiaPac region and commitment to provide industry-standard analytics as the global markets are now more connected than ever.â