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 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 etc.[5]

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

In August 2022, Numerix was acquired by Genstar Capital.[US1]

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.

In April 2023, Numerix acquired FINCAD, a leading analytics company in the pricing and risk analytics of financial derivatives and fixed-income products, from Zafin, a leader in Product and Pricing SaaS solutions for global financial institutions.

The combination of Numerix and FINCAD will bring together two of the industry's most preeminent independent analytics providers for capital markets. Together, Numerix and FINCAD are deeply penetrated across the capital markets ecosystem, including sell-side, buy-side, corporate, and insurance market customers. Today, thousands of financial institutions globally - either directly or through the combined partner channel - will be making trading and risk management decisions using the analytics and SaaS platforms provided by 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.[6]

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.[7]

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,[8] 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.[9]

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. "Numerix - The TRADE Crypto". www.thetradenewscrypto.com. Retrieved 2019-09-27.
  7. Desk, E. V. (2017-01-04). "Numerix: Dynamic Risk Analysis and Cross-Asset Evaluation". Enterprise Viewpoint. Retrieved 2019-09-27.
  8. "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.
  9. "Oneview | Numerix". www.numerix.com. Retrieved 2019-09-27.
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