Numerix announces Numerix CrossAsset XL and Numerix Portfolio Products Solution

Steven R. O'Hanlon, President and COO, Numerix: "We are extremely pleased to be able to offer this solution based on Microsoft's platform to our clients."

Numerix, the provider of cross-asset analytics for derivatives valuations and risk management, will announce at the 2010 SIFMA Financial Services Technology Expo in New York, its Numerix CrossAsset XL and Numerix Portfolio Products solution built on the latest release of Microsoft's High Performance Computing (HPC) Server 2008 and Services for Excel 2010.

"We are extremely pleased to be able to offer this solution based on Microsoft's platform to our clients," said Steven R. O'Hanlon, President and COO of Numerix. "With the Numerix solution, we are able to provide our clients with the increased system performance, advanced workflow functionality and power of Excel they need for the pricing, valuation and risk management of derivatives. When coupled with the high-performance features of HPC Server and the flexibility and real-time capabilities of the HPC Services for Excel, our Numerix CrossAsset XL and Portfolio clients now have the increased computational firepower they need for pricing complex derivatives portfolios and bespoke deal types."

"Through collaboration with Numerix, Microsoft is extending the reach of technical computing even further for financial institutions and insurance companies. Together, we are helping trading and risk operations and asset liability managers achieve more timely, efficient and advanced valuation and risk management for the industry's most complex derivatives. The deep domain expertise of Numerix, coupled with Microsoft's technical computing offerings such as Windows HPC Server 2008 and HPC Services for Excel 2010, brings a first rate solution to our capital markets customers" said Ben Narey, Director, U.S. Banking and Capital Markets Industry Solutions, Microsoft.

Visit the Numerix Booth # 1837 at the 2010 SIFMA Conference and experience a real-time demonstration of the solutions built on Microsoft HPC Services for Excel.