Numerix Wins Key Asia Award for Structured Products

Over the past 10 years, Numerix has quickly become the recognized leader in the fast-growing field of derivatives pricing technology. Now — for the second consecutive year — Structured Products Magazine has named Numerix the 2009 Technology Provider of the Year in Asia. 

According to the magazine’s editors, Numerix set itself apart from its competitors through its ability to adapt to the recent financial crisis, providing a range of innovative solutions covering counterparty risk, compliance, value-at-risk and risk management.

The magazine noted several key Numerix innovations that contributed to the award:

• The development of Numerix Counterparty Risk for calculating potential future exposure and credit valuation adjustment for derivative portfolios using a high-performance Monte Carlo simulation
• Creation of a series of new Excel modules to handle commodity-linked structures and currency plays in Japan and South Korea
• Integration of the Heston stochastic volatility model into its products to allow clients to more accurately price and risk-manage long-dated options with payouts that depend on currency rates, such as power reverse dual currency notes and swaps
• The ability to price hybrid products and multi-layered transactions

Read the full article here.