Numerix

Numerix is an American financial technology limited liability company. It is headquartered in New York City with nineteen offices[2] worldwide.

Numerix LLC
TypeLimited liability company
Industry
FoundedNew York, NY 1996 (1996)
Founder
Headquarters
New York, NY
,
United States of America
Number of locations
19 offices (2019)
Area served
Worldwide
Key people
Gregory Whitten (Chairman of the Board), Steven O'Hanlon (President and CEO)
Products
  • Numerix Oneview
  • Numerix CrossAsset
  • Numerix NxCore
  • Numerix Oneview Asset Management
  • Numerix FRTB
OwnerGenstar Capital (2022-present)
Websitenumerix.com
Footnotes / references
[1]

The company develops multi-asset class analytics and scalable software for risk management, trading, valuations and pricing for both sell-side and buyside market participants. It is in front-office risk technology and cross-asset analytics for OTC derivatives, structured products and variable annuities, providing software and services for structuring, pre-trade pricing, trade capture and valuation.[3]

Approximately 700 clients and 90 partners across more than 26 different countries use software developed by Numerix.[4] Its partners include MathWorks, Broadridge, Nomura Research Institute, Oracle, ICE Data Services, Tradition Market Data, ActiveViam, Microsoft and Amazon Web Services etc.[5]

After making a major investment in the company, Greg Whitten invested an additional US$32 million in 2001.[6] In turn, Steven O'Hanlon has been CEO of Numerix since January 2013 and COO since 2004.[7]

In August 2022, Numerix was acquired by Genstar Capital.[8][9]

History

Numerix was founded in 1996 by Alexander Sokol, Nigel Goldenfeld, Mitchell Feigenbaum and Michael Goodkin as a software company selling multi-asset class pricing tool kits. Numerix CrossAsset remains as one of the industry's most comprehensive collection of models offering full portfolio coverage and broad instrument support for fixed income/rates, equity, FX, credit, commodities, inflation, longevity, volatility and hybrids.[10]

Numerix CrossAsset is used to price financial derivatives and calculate risk analytics – ranging from credit risk, market risk, stress testing, back testing, scenario generation and risk reporting.[11]

Shortly after the financial crisis, Numerix expanded its offerings to risk solutions that evolve around a standard set of pricing analytics.[12]

Numerix continued to grow and build out its front office XVA adjustments for pre-trade pricing, as well as counterparty credit risk exposures and market risk measures. In 2016, it introduced Oneview, its flagship risk management software,[13] which is a real-time, front and middle office platform with a microservices' architecture, designed for pre-trade pricing, post-trade valuations, XVAs, counterparty risk, market risk, margin and capital calculations.[14]

Competitors

Numerix’ direct competitors are SunGard-FastVal, MSCI, Quantifi, swissQuant and Pricing Partners a Thomson Reuters company.

References
  1. "Company Overview of Numerix LLC". BusinessWeek. Bloomberg. Archived from the original on May 14, 2009. Retrieved June 28, 2012.
  2. "Location | Numerix". www.numerix.com. Retrieved 2019-09-24.
  3. "Latest whitepapers and reports from Numerix LLC". Risk Library. Retrieved 2019-09-24.
  4. "Partners | Numerix". www.numerix.com. Retrieved 2019-09-24.
  5. "Partner Listing | Numerix". www.numerix.com. Retrieved 2019-09-24.
  6. "Former Microsoft executive invests US$32 million in NumeriX". PRNewsWire. 2001.
  7. "Dr. Gregory Whitten and Steven O'Hanlon". CEO Today. Retrieved 2019-09-24.
  8. "Genstar Capital completed the acquisition of Numerix". MergerLinks.com. Retrieved 2022-12-16.
  9. "Numerix Announces Acquisition by Genstar Capital". PR Newswire. Retrieved 2022-12-16.
  10. "Numerix - The TRADE Crypto". www.thetradenewscrypto.com. Retrieved 2019-09-27.
  11. Desk, E. V. (2017-01-04). "Numerix: Dynamic Risk Analysis and Cross-Asset Evaluation". Enterprise Viewpoint. Retrieved 2019-09-27.
  12. "About Numerix | Numerix". www.numerix.com. Retrieved 2019-09-27.
  13. "Numerix Introduces Oneview: First to Market Enterprise Platform for Real-Time XVA Pricing, Counterparty Credit Risk & Market Risk | Numerix". www.numerix.com. Retrieved 2019-09-27.
  14. "Oneview | Numerix". www.numerix.com. Retrieved 2019-09-27.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.