Numerix CrossAsset Pricing & Risk Engine Leads Way for Derivatives and Structured Products Technology Innovation
Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced it has been recognized for Best Pricing or Valuation Solution in the 4th Annual FTF News Technology Innovation Awards 2014. This award program showcases the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence in the past year.
“Renowned for its proven flexible pricing capabilities, Numerix CrossAsset was founded upon its ability to quickly structure and price any derivative instrument, utilizing its comprehensive model library to provide consistent, transparent valuations to every level of the organization,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix. “Over the past five years Numerix continued to innovate, evolving CrossAsset into a scalable analytics engine for real-time risk, pre-trade pricing and optimized trading and risk decision making.”
He continues: “CrossAsset has enabled Numerix clients to solve the business problems they haven’t been able to address until now. From best-in-class XVA pricing tools to providing the pivotal flexibility to model complex bespoke trade types and structured products in fractions of a second, Numerix has not only improved efficiency and performance but built technology infrastructure for future scalability.”
“It was a very competitive and record-breaking awards season this year from the nominations process to the close of voting. We had more than 12,000 qualified industry participants involved in the process,” said Maureen Lowe, founder and president of FTF. “It’s a clear demonstration of how important and highly regarded the financial technology service, systems and software providers are to their clients and peers. We congratulate all the winners for achieving the highest form of excellence in their respective categories.”
This year’s awards nominees were suggested by the industry professionals themselves — including technology and services providers, consulting firms, industry utilities, industry bodies, regulators, exchanges, and financial services institutions such as investment banks, broker/dealers, custodians, and buy-side and sell-side firms. Steven R. O’Hanlon, Chief Executive Officer accepted the award for Best Pricing or Valuation Solution on behalf of Numerix at the FTF News awards ceremony and dinner aboard the Hornblower InfinityYacht on June 16 in New York City.