Numerix


Numerix is an American financial technology limited liability company. It develops multi-asset class analytics and scalable software for risk management, trading, valuations and pricing for both sell-side and buyside market participants. The company is headquartered in New York City with nineteen offices worldwide.
It received a major investment from Greg Whitten who invested an additional US$32 million in 2001.
Numerix 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. Approximately 700 clients and 90 partners across more than 26 different countries use software developed by Numerix. Its partners includes MathWorks, Broadridge, Nomura Research Institute, Oracle, ICE Data Services, Tradition Market Data, ActiveViam, Microsoft and Amazon Web Services etc.
Steven O’Hanlon has been CEO of Numerix since January 2013 and President and COO since 2004.

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.
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.
Shortly after the financial crisis, Numerix expanded its offerings to risk solutions that evolve around a standard set of pricing analytics.
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, and introduced Oneview, its flagship risk management software in 2016.
Oneview 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.

Competitors

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