Numerix & Softek Partner to offer “Numerix Powered” Solutions for Softek’s Capital Adequacy and Risk Analysis Services Platform

New York – 21 September 2010

Numerix to provide advanced derivatives pricing and risk sensitivities within the unified Softek CAS platform

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, along with Toronto based, Softek Computer Services Incorporated (Softek), a leading provider of strategic solutions to the international financial community, today announced their partnership to offer integrated “Numerix Powered” pricing and risk solutions within the Softek Capital Adequacy Services (CAS) platform.

Users of the Softek CAS platform, including retail and prime brokerage groups, banks and risk managers, will be able to access the extensive Numerix CrossAsset library of independent pricing models and methods to price and generate risk sensitivities across multiple asset classes including vanilla and complex OTC derivatives. CAS users will also be able to utilize Numerix’s extensive suite risk management capabilities including: Monte Carlo Value at Risk (MC VaR), Potential Future Exposure (PFE) and Credit Value Adjustment (CVA) for effective enterprise wide risk management.

“The integration of Numerix pricing, analytics and risk management capabilities within the Softek CAS platform, offers their users a powerful and robust pricing and risk solution. The wide variety of available models means users can now value virtually any instrument using Numerix’s different methodologies and custom model calibrations. We look forward to a successful partnership with Softek,” said Steven R. O’Hanlon, President and COO of Numerix. “We are pleased with the role Numerix has played in helping Softek to deliver a unified platform for the comprehensive delivery of capital adequacy and risk analysis to their clients.”

"As compliance, governance and risk management demands on brokerages grow, being able to offer our customers a truly automated and cost-effective solution (CAS) that does not further strain human resources will become increasingly critical,” said Robert J. Bond, President of Softek. “Our partnership with Numerix provides our customers with the robust pricing models and effective risk management tools they need to operate successfully in today’s complex marketplace and going forward.”

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