NEW YORK--(BUSINESS WIRE)--Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management calculations announced today that the firm has secured wins for both Customer Satisfaction and OTC Pricing & Analytics categories in Chartis Research's RiskTech 100 Rankings for the second consecutive year. Numerix was ranked 14th overall, up from the organization's original inclusion in the ranking in 2006 in the 46th position. The Chartis RiskTech 100 is recognized globally as the most comprehensive and prestigious study of the top technology companies active in the risk management marketplace.
Out of the survey universe of one hundred companies, Numerix received the top total percentage score for Customer Satisfaction. The Customer Satisfaction "assessment criteria" included: value-for-money, after sales service and support and timeliness of product updates. The firm was also recognized for its global cross-asset pricing capabilities, winning the horizontal solutions category for OTC Pricing & Analytics.
"For us, being ranked so highly by our clients is the most important part of the report," said Steven R. O'Hanlon, President and COO of Numerix. "Client responsiveness is core to every Numerix employee. This client-centric focus cultivates a collaborative relationship which allows us to deliver timely and innovative solutions helping our clients stay ahead of the markets."
Over the past year, Numerix has delivered several new solutions for managing Counterparty Credit Risk and Market Risk. Numerix has also introduced advanced modeling and hedging for Variable Annuities and Economic Scenario Generation.
"Given Numerix's core strength in OTC derivative pricing and valuation, the offering of risk management calculations and portfolio analytics is a natural extension of our franchise," O'Hanlon added. "Financial institutions are reexamining their current risk management practices. The ability to have a single valuation platform and to run risk calculations on top of that is becoming more important, as many institutions are taking a ground-up approach to instituting new best practices."
The current Chartis rankings follow Numerix being named "Technology Provider of the Year" in both of the America's for the fifth straight year by Structured Products Magazine in May. The organization was also recognized by the editors of Asia Risk magazine this year for its innovations in OTC pricing and CVA, along with first place recognition in the Structure Product Magazine's Asia Survey, with first place recognition in the market and credit risk categories.
About Numerix
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products.
Since its inception in 1996, over 700 clients and 50 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit www.numerix.com.
Contacts
Numerix
James Jockle, 646-898-1263
SVP, Marketing