Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management announced today that the firm has secured wins for both Customer Satisfaction and OTC Pricing & Analytics categories in Chartis Researchâs RiskTech 100 Rankings for 2010. Numerix is also pleased to announce that the firm made a positive move in the overall rankings to eleventh (11) place for 2010. The Chartis RiskTech 100 is recognized globally as the most comprehensive and prestigious study of the top technology companies active in the risk management marketplace.
Numerix took top honors in both the Customer Satisfaction and OTC Pricing & Analytics categories of the 2010 Chartis survey. Out of the survey universe of one hundred companies, Numerix received the top total percentage score for Customer Satisfaction. The Customer Satisfaction âassessment criteriaâ included: value-for-money, after sales service and support and timeliness of product updates. The firm was also recognized for its global cross-asset pricing capabilities, winning the horizontal solutions category for OTC Pricing & Analytics.
Based on the strength of its recently enhanced risk management products and capabilities such as, One-Step Monte Carlo Value-at-Risk Method (MC VaR), Numerix CVA for counterparty credit risk, Economic Scenario Generation (ESG) and variable annuity (VA) hedging capabilities, Numerix was able to make a positive move in the overall Chartis RiskTech 100 rankings, going from fourteenth (14) place in 2009, to eleventh (11) place in 2010. Numerix first entered in to the Chartis survey in 2006 and was ranked in the 46th position.
âWe could not be happier with the outcome of the Chartis RiskTech 100 rankings for 2010. To be ranked solidly among our partners and to also be recognized so highly by our customers is perhaps the greatest and most satisfying part of the report,â said Steven R. OâHanlon, President and COO of Numerix. âOur positive move in the overall rankings serves to validate our strategic objective to continue the expansion of our risk product offerings and to provide our customers with access to the pricing models and risk analytics they demand to create a sound and transparent valuation and risk management process for even the most complex instruments.â
The current Chartis rankings follows Numerix being named âTechnology Provider of the Yearâ in both the Americaâs and Asia for the fourth and third straight years respectively by Structured Products Magazine in May and September 2010. The rankings also follows the May 2009 Celent Report which identified Numerix as the leader among its peers providing advanced technology and functionality for pricing derivatives products, breath of cross asset coverage and depth of client services.