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US Based Numerix, a Financial Provider of Cross-Asset Analytics for Derivatives Valuations and Risk Management Opens Office in Sydney

Sydney, NSW (News4us.com) December 7, 2010

US Based Numerix, a  Financial Provider of Cross-Asset Analytics for Derivatives Valuations and Risk Management Opens Office in Sydney

US Based Numerix, a Financial Provider of Cross-Asset Analytics for Derivatives Valuations and Risk Management Opens Office in Sydney

Attracted by the increasing opportunities offered by Australia’s financial markets, the New York-based provider of cross-asset analytics for derivatives valuations and risk management, Numerix, has opened a regional sales office in Sydney.

Professor Erik Schlögl, Director of the Quantitative Finance Research Centre at Sydney’s University of Technology, said that Numerix’s direct entry into the Australian derivatives markets “reflects how advanced and mature the markets in the region have become”.

“We are pleased to now be in a position to provide permanent local support for our Australian clients,” said Numerix President and COO, Steven R. O’Hanlon. “Given the established and dynamic nature of the derivatives markets across the region, having local sales support for our Australian clientele is critical as we assist institutions in developing the best practices necessary in this market.

I am confident in our firm’s continued ability to grow and package our products targeting such strategic areas as risk, insurance/variable annuities, commodity derivatives and to making sure that we continue to meet the overall pricing and risk management needs of our clients across the region.”

Numerix Quantitative Advisory Board member and co-developer of the BGM model, Dr. Alan Brace stated, “I would like to congratulate Numerix on establishing their direct sales presence in the Australian derivatives markets. Their pricing models and risk management tools will provide users across the region with the close to cutting edge technology needed to effectively manage their increasingly complex day to day derivatives and insurance operations.”

Numerix LLC provides pricing and risk analytic solutions for fixed income, foreign exchange, hybrids, cross currency, inflation rate, and equity derivatives.

In addition, the company offers a cross asset pricing platform for the structuring, pre-trade price discovery, trade capture, valuation, and portfolio management of derivatives and structured products.

Founded in 1996, Numerix also has offices in London, Tokyo, Hong Kong, Singapore and Dubai.


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