Yuanta Financial Holdings Chooses NumeriX for Pricing and Valuation of Derivatives and Structured Products

20 November 2008

NumeriX, the leading independent provider of advanced analytics for the derivative and structured products markets, announced today that Yuanta Financial Holdings has deployed NumeriX Excel within its risk department. With the use of industry-standard analytics and comprehensive pricing tools, Yuanta can now more accurately price and calculate mark-to-model as well as measure the risk for all derivative and structured products.

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.

“We chose to embed NumeriX tools within our organization in order to help our entities better maneuver the volatility in the market today,” said Connie Lin, Chief Risk Officer at Yuanta. “We 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 today’s market.”

“As Taiwan and the APAC region’s 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,” said Steven R. O’Hanlon, President and Chief Operation Officer at NumeriX. “This 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.”

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