Numerix Expands Numerix University to Include London to Further Advance Knowledge in Independent Valuation, Pricing and Risk Analysis of Derivatives

Expansion follows successful program launch in New York earlier in 2009
NEW YORK--(Business Wire)--
Numerix (www.numerix.com), the leading independent, cross-asset, analytics
service provider for the structuring, pricing and valuation of derivatives and
structured products, today announced the expansion of Numerix University to
include London in its financial engineer certification program. The program
expansion follows the successful launch of Numerix University and certification
of 30 financial engineers in New York earlier this year. Out of 160 total
applicants, 64 were accepted into the Numerix University program, with 30
ultimately being granted the "Numerix Certified Financial Engineer"
certification.

This Numerix University curriculum was launched in March of this year and is
offered at no expense as a value-add to qualified Financial Engineers who have
been casualties of the economy. The series of courses is designed for financial
engineers to learn the foundational skills for pricing and managing complex
derivatives. Those individuals who successfully complete this curriculum will
complete a significant step in becoming a "Numerix Certified Financial Engineer"
and will be recommended for development projects internally or to Numerix
customers and partners. As a Numerix Certified Financial Engineer, it is
expected that those individuals can enter any organization or Numerix customer
and make an immediate contribution the firm`s developmental efforts.

"Our initial New York course program was a tremendous success and was a chance
for Numerix to give something back to those seeking employment in the industry,"
said Numerix President and COO Steven R. O'Hanlon. "We had 64 participants and
in the three sessions we trained and certified 30 people as Numerix Certified
Financial Engineers. The expansion of Numerix University to include London is a
natural progression for us and is a direct measure of how needed and valuable
such training is for those individuals in our industry. We look forward to the
continued roll-out of Numerix University later in the year."

Numerix is presently offering three separate course programs focused on
different asset classes. Candidates must hold advanced degrees in financial
engineering, applied mathematics or equivalent disciplines and have worked with
derivatives at a financial institution or software company. As part of the
selection process, applicants will be required to take a brief on-line exam.
Similar courses are offered to Numerix clients at a cost of $3,000 per attendee.

In some instances, through strategic partnership with Bloomberg, Numerix
University courses will be held in Bloomberg`s state-of-the art training
facilities across the globe. Numerix University courses are being planned for
Hong Kong later this year and additional syllabi designed for IT professionals
will be introduced in the coming months. For more information and registration
information, please visit www.numerix.com.

Upcoming Numerix University Courses: London, UK
Date: July 21-22, 2009

Location: Bloomberg
39-45 Finsbury Square
London EC2A 1PQ

Room Name: Rome Room

Asset Classes: Fixed Income- IR/CC/INFL
Day 1: Tues., July 21, 2009 - 8.00 AM - 5.00 PM
Day 2: Wed., July 22, 2009 - 8.30 AM - 5.00 PM

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, more than 375 financial institutions and 45
strategic partners across 25 countries 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 and Dubai, Numerix
brings together unparalleled expertise across all asset classes and engineering
disciplines. For more information, please visit www.numerix.com.

Numerix
Todd Swearingen, 646-898-1294
tswearin@numerix.com

Copyright Business Wire 2009