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April 26, 2015 4:34 AM ET

Internet Software and Services

Company Overview of Numerix LLC

Company Overview

Numerix LLC, an independent analytics institution, provides cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation, and portfolio management of derivatives and structured products. Its solutions include Numerix CrossAsset, an analytics platform for the structuring, pricing, and risk managing of various derivatives; Numerix LiquidAsset, an interface for pricing and managing liquid derivatives; Numerix Bloomberg Edition for structuring, pricing, and managing complex derivatives and structured products powered with live Bloomberg data; and Numerix CrossAsset Server to compute pre-trade pricing, mark-to-market, Greeks, sensitivities, cash-flows, and market ris...

99 Park Avenue

5th Floor

New York, NY 10016

United States

Founded in 1996

Phone:

212-302-2220

Fax:

212-302-6934

Key Executives for Numerix LLC

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President of Finance
Chief Operating Officer and Executive Vice President of Global Operations
Senior Vice President of Financial Engineering Group
Senior Vice President of Sales - Greater China
Compensation as of Fiscal Year 2014.

Numerix LLC Key Developments

Numerix Announces Availability of Numerix XVA Platform for Enterprise-Level Risk Management

Numerix announced the immediate availability of Numerix XVA, a single platform for enterprise level risk management and front office risk calculations, including pre-trade XVA pricing and profitability measures. As a full stack enterprise solution of real-time counterparty credit risk exposures, funding and capital costs, and pre-trade pricing adjustments can be calculated, assessed and managed from a unified platform resulting in cost transparency, decision support and optimization across all elements of credit, capital and funding. Numerix XVA is scalable, transparent, flexible, easy to support, and future-proof. All real-time Counterparty credit risk measures including – CVA, DVA, FVA, PFE, EE, EPE, ENE can be computed as part of an enterprise wide risk management system. Funding costs and Capital calculations, including Regulatory capital, CVA capital charges, Cost of capital (KVA) and Capital simulations to forecast capital requirements can also be determined and leveraged to optimize capital usage, increase return on capital and lower collateral costs.

Numerix Launches Numerix Model Validation Studio

Numerix introduced a new technology for Enterprise Model Risk Management - Numerix Model Validation Studio. The solution, which is part of the firm’s CrossAsset Analytic Platform, is an automated testing environment for model risk quantification and model governance. Additionally, the firm’s Quantitative Services group, with more than 60 PhD’s is introducing new validation and reporting services. Traditionally, model verification and validation has been a manual and laborious process. Model error has been categorized by many as the “sleeping giant” in risk departments, which was responsible for many casualties during the global financial crisis. As regulators and internal audit are placing greater emphasis on the performance and suitability of models, this area of risk management is quickly becoming a strategic priority for senior management. To solve this problem, Numerix developed an extensive testing regime that certifies the mathematical and financial correctness of the models. What is truly ground breaking is the creation of an automated solution, Numerix Model Validation Studio, a software offering which eliminates the need for an error prone and slow manual process. With the solution, model risk groups have the ability to test model performance on a daily basis against real markets, with greater accuracy utilizing thousands of scenarios.

Numerix to Open Brazilian Office

Numerix announced expansion into the Latin American market, including a new sales office to open in Sao Paulo, Brazil. The purpose of the new office is twofold: to better serve Numerix’s expanding client base in Brazil and to empower local financial services companies with innovative analytics solutions that support them in recognizing, and taking advantage of new opportunities amid ongoing regulatory change.

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