Misys and Numerix expand partnership

Steven R. O'Hanlon, President and COO of Numerix: "This expansion of our relationship with Misys to include the direct sale of additional Numerix products and services was a natural evolution for us given the success of our original partnership."

Misys plc and Numerix have announced the expansion of their global partnership and distribution agreement.

The two companies have been working closely together as partners since 2001 with more than 50 shared customers as a result. The extended agreement aims to enable financial and insurance institutions to create derivatives and structured products for their clients with more flexibility and across a broader range of asset classes.

The expanded agreement is intended to provide new and existing Misys customers with unique ways of accessing and using Numerix pricing, analytics and risk management solutions for their OTC derivative and structured product needs. Customers will now be able to purchase the integrated solutions directly from Misys.

"It is vital for financial institutions to have fast and efficient access to the best market analytics and pricing models available," states Larry Mitchell, VP Solutions Management, Misys Treasury & Capital Markets. "Through partnering with Numerix, we can now further expand the range of models and instruments available to clients and provide real value to the derivatives and structured products industry. It gives our customers the ability to address the significant demands to be fully transparent, increase workflow and provide more flexibility while still allowing them to retain control and reduce costs and operational risk."

"This expansion of our relationship with Misys to include the direct sale of additional Numerix products and services was a natural evolution for us given the success of our original partnership," adds Steven R. O'Hanlon, President and COO of Numerix. "Now, all participants in a firm may access the same analytics, from pre-trade through life cycle management on a unified analytics platform. Together, Misys and Numerix are addressing both valuation requirements across all asset classes, in addition to addressing the internal and external compliance and operational risk needs of our customers. Having Misys onboard as a Platinum level partner adds tremendous value for our joint clients and we look forward to a long and successful working relationship."