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Press release: for immediate release
NumeriX and Xenomorph Reduce Time-to-Market for Complex Derivatives
Combination of technologies will power pricing and risk management
New York, March 19, 2007
NumeriX, the leading analytics player in derivatives pricing software, announced today a technology partnership with Xenomorph, the leading provider of cross-asset data management solutions. The partnership will help customers in the financial services industry reduce a trade’s time-to-market and control operational and model risk through stronger data management and access to accurate pricing for exotics and derivatives.
In order to gain competitive advantage, financial services institutions (FSIs) must quickly develop and take to market complex new financial products. A vital issue is the ease and speed with which the new product can be fully integrated into core trading, risk management and reporting systems. Without this integration, transparency across systems is lost, thus increasing operational risk and vulnerability to larger regulatory capital charges.
Through use of NumeriX’s market-leading analytics and Xenomorph’s centralized, transparent support, clients are empowered to deliver new products to the market faster. The ability to price new and exotic trades and future-proof any asset class data structure without increased model and operational risk, is an important operational differentiator.
“We are proud to announce this partnership, which bolsters our customers’ confidence in a trade at any point from the back office to the front office,” said Xenomorph CEO Brian Sentance. “Through this combined solution, we remove lag time between product creation and trade execution to give firms the power to maximize profit on complex products.”
“In the financial world, the trades that move fastest win,” said NumeriX President/COO Steven R. O’Hanlon. “By providing both data management and analytics in one combined package, we let investors maximize their time, the most valuable commodity on the Street.”
About NumeriX, LLC
NumeriX is the recognized independent leader in cross asset Analytic derivatives pricing software for fixed income, credit, foreign exchange, inflation derivatives, equity, cross currency and hybrids. More than 200 clients across 25 countries rely on NumeriX for speed and accuracy in valuing their structured products and derivatives. Trading and risk platform vendors leverage NumeriX analytics to gain a time-to-market advantage by embedding the power of NumeriX into their systems. Founded in 1996, the company is privately held and has offices in New York, Chicago, Santa Fe, Toronto, London, Paris, Singapore and Tokyo. NumeriX has a financial engineering and quantitative team composed largely of PhDs on the same scale as the very largest of financial institutions. For more information visit www.numerix.com.
NumeriX® for Excel offers an Excel add–in with which users can structure complex derivatives using NumeriX’s scripting language. A comprehensive set of Excel templates are supplied to clients covering all asset classes. Traders can quickly calculate a competitive price for hundreds of deals. Structurers can reuse the templates to rapidly design and price a new evolution of an exotic instrument, or alternatively, can start from scratch and create a completely new deal. NumeriX 6.0 allows Quants, Financial Engineers, and Traders to utilize the analytics that best fit their needs through the support of a diverse range of models and an easy–to–learn scripting language; resulting in quick pricing and increased revenues.
About Xenomorph
Xenomorph delivers real-time analytics and data management solutions to the financial markets. Our TimeScape technology leverages our clients’ proprietary expertise, and in so doing enables faster time to market for new financial products, new risk techniques and new trading ideas. Trading, research, risk, product control, IT and back-office staff use Xenomorph’s TimeScape cross asset data management platform at investment banks, hedge funds and asset management institutions across the world's main financial centres. Established in 1995, Xenomorph has offices in London and New York. For more information on our company, our clients, services and solutions, please see www.xenomorph.com
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