Leadership Position Upheld in Pricing Analytics Categories Securing the Top Spot for CrossAsset and Structured Products
– Numerix, (www.numerix.com) the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced that it has won first place in the Risk Magazine Technology Awards 2012 for the individual categories of “Enterprise Risk Management” - Credit Valuation Adjustment (CVA), Debt Valuation Adjustment (DVA) and Funding Valuation Adjustment (FVA) calculations and “Pricing Analytics” - Structured Products and Cross-Asset. Numerix moved up in nearly every asset class and entered two new categories that include System Support and System Implementation Efficiency.
Through optimization, quantitative innovation and meeting significant performance benchmarks Numerix CVA continued to set the standard for the management of counterparty risk in 2012. The ability to produce robust risk calculations over large, complex portfolios in near-real time – holistically across an entire enterprise were critical components to the success of the offering. Recognized as a first mover to support OIS discounting and its intricate interconnectivity with DVA and FVA, Numerix clients are empowered to more thoroughly examine the impact of collateral optimization and its role in managing the regulatory cost of capital. Editors also highlighted Numerix innovation for Model Validation, noting successful implementations at Banque Internationale à Luxembourg and Belgium-based Belfius Bank.
“The innovative risk techniques Numerix has developed to accelerate the computation of exposures and CVA calculations combine with our hybrid modeling allows clients to capture all risk elements for the managing, monitoring and reporting of market risk and counterparty risk,” said Steven R. O’Hanlon, President and COO of Numerix. “We’re incredibly honored and proud to once again be recognized for our pioneering efforts in the areas of risk and pricing and look forward to strategically expanding our analytics solutions over the coming months as our ability to anticipate shifts in the market continue to propel us forward.”
The top category wins in this year’s Risk Technology Rankings caps a strong 2012 for Numerix. These rankings follow Numerix being named “Technology Provider of the Year” in both the Americas and APAC by Structured Products Magazine. The organization was also recognized by the editors of Asia Risk Magazine in its annual technology vendor rankings and secured the top position overall in the Structured Products Technology Rankings.