Numerix opens South Korean office

Numerix, the provider of cross-asset analytics for derivatives valuations and risk management, has opened a new regional office in Seoul, South Korea, becoming the first derivatives analytics company to provide local sales and quantitative support in the South Korean region. The new Seoul office symbolizes the growth and importance of the derivatives markets in South Korea and serves as a representation of Numerix's continuing strategic commitment to the Asian region and to providing sales and analytical support at the local level.

In addition to opening the new South Korean office, other regional highlights included:

· Signing the first direct customer in South Korea - Hana Daetoo Securities.

· Implementation of Numerix Bloomberg Edition (NBE) and Numerix CrossAsset SDK running on the Microsoft Windows® HPC Server 2008) at a top South Korean investment banking and brokerage firm - Samsung Securities.

· Partnering with the largest consulting and IT consulting firm in Japan - Nomura Research Institute (NRI).

· Signing the first Numerix asset management client in Japan to use Numerix CrossAsset for pricing and risk management.

· The launch and activation of Numerix's new corporate website for the Japanese market place.