Numerix Blog

Numerix Recognized for Technology Innovation in Structured Products

In a year marked by a wave of innovative structured product offerings, we’re thrilled to announce that we received Structured Products magazine’s 2010 award for Technology Innovation Provider of the Year in the Americas. As the only category acknowledging technology vendors, it was a welcome recognition of our ongoing effort to deliver timely and relevant solutions for modeling, pricing and risk managing structured products.

Here’s the quote from the article that I was particularly proud of:

“…as financial institutions rethink the fundamentals of their businesses, systems providers are having to upgrade and rethink their offerings. In this respect, Numerix has been quick off the mark, showing itself yet again to be a leading provider of structured products pricing and risk management technology.”

The award was due, in part, to our introduction of the Numerix Trader Applications for credit, FX, interest rates and bonds, which have seen swift adoption among our clients. A notable example was specialized interdealer broker REMATE, which used Numerix Rates Trader to help launch their new volatility desk for Mexican TIIE caps/floors and swaptions. The editors from Structured Products also credited the integration of the Bates stochastic volatility jump-diffusion model into the Numerix model library, as well the addition of 25 new clients in the Americas, representing a wide cross-section of financial services.

Numerix University Comes to London, Amsterdam and New York

If you’re a desk quant, a risk manager, a trader, or anyone else that works with OTC derivatives, you might want to check out Numerix’s two-day intensive training program in advanced techniques for structuring, pricing and risk managing complex trades.

Upcoming classes include:

May 25-26		London		(Registration/Agenda)
May 27-28		Amsterdam		(Registration/Agenda)
June 15-16		New York		(Registration/Agenda)

Participants will receive hands-on training using Numerix’s Excel-based software platform, including the setup and pricing of sample deals such as a capped floater, a Bermudan callable inverse floater swap and a Bermudan callable CMS spread deal, as well as equity and FX basket trades.

To learn more about Numerix University, click here.