Numerix ‘Technology Company of the Year in Americas’ for the Third Straight Year by Structured Products Magazine

New York, NY - 18 May 2009

Numerix, the leading independent provider of advanced analytics for the derivative and structured products markets, has been recognized by Structured Products Magazine for leading Technology Innovation in the Americas. This is the fourth consecutive year that Numerix has been recognized by the magazine, having swept the category in each region in 2008.

According to the magazine editors, Numerix was recognized for its ‘skillful adaptability’ in a challenging market environment with the development of new counterparty risk analytics, enhancements to its solution suite for insurance companies, and its increased presence in the Latin America market.

The article also discussed how Numerix has deployed its solutions to 15 new insurance clients last year, with new solutions for structured products, asset liability management, and hedging portfolios.

“We brought Numerix in to handle our more exotic deals because our traditional systems couldn’t deal with them,” said one insurer. “It also stepped up and worked with the liability side of our business helping it model the capital markets risks embedded in our liabilities, which is really critical for insurance companies. From a client service perspective, Numerix has been tremendous. We have moved along its product chain from its Excel product to SDK (Software Developers Kit) and are now using Numerix Portfolio.”

The article also covers Numerix’s growing presence in Latin America. “In 2008, Numerix was contracted by one of the largest banks in Brazil which had a very strong need for vanilla and semi-exotic pricing and risk management support, and whose business was moving towards structured products. The Brazilian bank was looking to replace 5 to 10 analytic vendors’ systems with one product. Numerix embarked on a four-month process constructing and developing local support such as interest rate curves and inflation instruments. The bank is now decommissioning the original vendor’s programs.”

“Many clients are beginning to see a light at the end of the tunnel of the current environment and are beginning to position for a robust return of the structured products market. The ability to structure new product types that help investors mitigate the risks of these markets is critical,” said Steven R. O’Hanlon, President and COO of Numerix. “The recognition of Structured Products magazine is testament to the company’s continued success delivering the industry’s most sophisticated analytics and solutions for pricing, management and valuation.”

The award, which was announced in the April issue of Structured Products Magazine, was presented to Numerix at Structured Product Americas Conference earlier this month in Coral Gables, Florida.

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