Buy-Side Technology Magazine Honors Numerix

Numerix, an independent provider of cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, announced it was named Best Buy-Side Pricing/Valuation Service for 2009 by Buy-Side Technology (BST) Magazine.

The aim of the awards is to recognize the technologies and vendors in their areas of expertise through an auditable and transparent methodology underpinned by the input and experience of five buy-side-focused technology consultants: Investit, Knadel, Deloitte Consulting, Aite Group, and Tabb Group.

According to BST editors, the best pricing and/or valuations category was one of the most keenly contested of all categories in the Buy-Side Technology Awards 2009. In all, eight companies entered this category, which is not altogether surprising, given how crucial this function has become too large numbers of buy-side firms. BST said Numerix turned out to be the winner thanks to its range of tools developed specifically to model and price deals across a wide range of instruments including fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate, and equity derivatives.

"We are extremely proud and honored to have won this Buy-Side Technology award. It serves as a most fitting finale to an outstanding year overall for Numerix," said Steven R. O'Hanlon, President and Chief Operating Officer at Numerix. "Proof of this success was Numerix being selected by Lehman Brothers Holdings Inc (LBHI) to provide independent valuations on over 1 million derivatives contracts, representing one of the largest and arguably most complex derivatives books in the world. The success of the LBHI project was dependent on Numerix's valuations and pricing expertise, coupled with our extensive partner network and our firm's ability to bring together the necessary systems knowledge and best-of-breed data solutions."

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