Numerix

Last updated
Numerix LLC
Company type Limited liability company
Industry
Founded New 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) Emanuele Conti (President and CEO)
Products
  • Numerix Oneview
  • Numerix CrossAsset
  • Numerix NxCore
  • Numerix Oneview Asset Management
  • Numerix FRTB
Owner Genstar Capital (2022-present)
Website numerix.com
Footnotes /references
[1]

Numerix is an American capital markets front-to-risk technology provider. It is headquartered in New York City with nineteen offices [2] worldwide.

Contents

The company develops analytics and 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 [5]

In August 2022, Numerix was acquired by Genstar Capital. [6] In April 2023, Numerix acquired FINCAD. In July 2023, Numerix acquired PolyPaths.

When numbers matter, is the tagline most often associated with Numerix.

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. [7]

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. [8]

After making a significant investment in the company, Greg Whitten invested an additional US$32 million in 2001.

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, [9] 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. [10]

Emanuele Conti was appointed CEO of Numerix in May 2023. He has held CEO and executive leadership roles at Opus Global, Kroll, and Dun & Bradstreet. Emanuele proceeds Steven O'Hanlon, who held the title of CEO at Numerix from January 2013 to May 2023. Steven had the title of COO at Numerix from 2004 to 2013. Steve became Vice Chairman for Numerix in May 2023.

Acquisitions

In April 2023, Numerix acquired Vancouver, Canada-based FINCAD, a leading analytics company in the pricing and risk analytics of financial derivatives and fixed-income products, from Zafin. [11]

In August 2023, the company completed its acquisition of PolyPaths. [12]

Competitors

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

Related Research Articles

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Credit risk is the possibility of losing a lender holds due to a risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows, and increased collection costs. The loss may be complete or partial. In an efficient market, higher levels of credit risk will be associated with higher borrowing costs. Because of this, measures of borrowing costs such as yield spreads can be used to infer credit risk levels based on assessments by market participants.

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The following outline is provided as an overview of and topical guide to finance:

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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. ↑ Lipsky, Cole (30 August 2022). "Genstar Capital Acquires Numerix". themiddlemarket.com. Retrieved 1 February 2024.
  7. ↑ "Numerix - The TRADE Crypto". www.thetradenewscrypto.com. Retrieved 2019-09-27.
  8. ↑ Desk, E. V. (2017-01-04). "Numerix: Dynamic Risk Analysis and Cross-Asset Evaluation". Enterprise Viewpoint. Retrieved 2019-09-27.
  9. ↑ "Cloud solution provider of the year: Numerix - Risk.net". www.risk.net. 2022-09-27. Retrieved 2024-02-02.
  10. ↑ "Oneview | Numerix". www.numerix.com. Retrieved 2019-09-27.
  11. ↑ Cavanagh, Cassidy (12 April 2023). "Genstar-Backed Numerix Buys Fincad". themiddlemarket.com. Retrieved 1 February 2024.
  12. ↑ "Numerix Proudly Announces Acquisition of PolyPaths". ffnews.com. Retrieved 2024-02-02.
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