Numerix Leader of Independent Pricing & Risk Analytics in New Celent Report on Pricing Solutions for OTC Derivatives and Structured Products

Numerix Captures First in 3 Most Significant Ranking Categories
NEW YORK--(Business Wire)--
A new report from independent analyst firm Celent on the derivatives and
structured product pricing industry has identified Numerix as the leading
analytics provider in terms of advanced technology and functionality for pricing
derivative products, breath of cross asset coverage and depth of client
services.

As highlighted in its report, `Pricing Solutions for OTC Derivatives and
Structured Products,` disclosure and pricing / valuation methodologies are key
starting points for restoring confidence in the derivatives and structured
finance markets. Regulators, governments, investor groups and investors are
driving for greater transparency and accountability in the derivatives markets
with an emphasis that valuation methodologies are well-defined and repeatable.

According to the report, "Numerix specifically has deepened their traditional
strengths through a multi-asset class approach in complex hybrids and have built
out industrial strength applications for position keeping and risk management
based on their core analytics and in tandem with their Excel pricing products…
Numerix is strongest in going to market with a wide set of applications built
using their analytic libraries, and in many instances developed in conjunction
with partners in other parts of the order management, trading and risk
management solutions chain."

The report continues, "Numerix has not only expanded product functionality and
services footprint into various parts of the structuring and OTC lifecycle but
has also customized their product offering to cater for users within asset class
groups. Since the credit crisis mid-2007, Numerix has been actively engaged in a
higher degree of advisory-type services around alternative valuation techniques
(e.g. distressed assets), implementation of its position-keeping application,
and participation in industry dialogues with regards to pricing/valuation
practices."

The report also highlighted the importance of a firm`s scope of partnerships as
integrated analytics in trade order management and risk systems is critical in
developing "front to back" consistency in pricing and valuation. Called out as a
strength and differentiator among others in the market was Numerix extensive
partner ecosystem which allows clients a "broad access points to tap into
Numerix analytics pre-integrated." Numerix analytics are utilized by over 45
partners including Trade and Order Management Systems such as Bloomberg,
Calypso, GFI Fenics, Mysis Summit & OPICS, Thomson Reuters, Paladyne and Wall
Street Systems. Bloomberg is also a strategic partner of Numerix offering custom
derivative pricers on the Bloomberg Professional Service terminal utilizing
Numerix analytics; the Numerix Bloomberg Edition -- an Excel based structuring
solution for any exotic derivative; and NXDL - an STP solution for any exotic
derivative over the Bloomberg Professional Service.

"In this challenging market, we take great pride in working with our clients to
provide the transparent analytics, valuation and risk solutions necessary to
move forward," said Steven R. O`Hanlon, President and COO of Numerix. "We are
extremely pleased with Celent`s recognition of the work we have been providing
to the market."

The report, "Pricing Solutions for OTC Derivatives and Structured Products -
Evaluating the Vendor Market," examines eight vendors that deliver pricing
solutions that can underpin an organization`s efforts for reform. Celent`s "ABCD
Vendor View" is a quartile based ranking of `Advanced Features & Technology`,
`Breadth of Asset Class and Functionality`, `Customer Base` and `Depth of Client
Services`. The report is available to Celent subscribers at celent.com.

About Numerix

Numerix is the leading analytics institution providing cross-asset solutions for
structuring, pre-trade price discovery, trade capture, valuation and portfolio
management of derivatives and structured products. Numerix is the only analytics
company to support complex financial instruments across all major asset classes,
including fixed income, credit, foreign exchange/cross currency, inflation rate,
equity and hybrids. Over 375 customers in 25 countries depend on Numerix for
speed and accuracy in valuing and managing the most sophisticated financial
instruments, and more than 45 partners-including most of the world`s largest
straight-through-processing platforms-offer Numerix analytics embedded inside
their systems. Established in 1996, Numerix maintains offices in New York,
London, Singapore, Tokyo, Hong Kong and Dubai. For more information, visit
www.numerix.com.

Numerix
James Jockle, 646-898-1263
jjockle@numerix.com

Copyright Business Wire 2009