Aladdin Capital signs with Numerix and CDO Software

Steven R. O'Hanlon, President and COO, Numerix: "We are very excited to have Aladdin onboard as our first mutual client."

Numerix, the provider of cross-asset analytics for derivatives valuations and risk management, along with CDO Software, the provider of CDO and CLO portfolio management tools, has announced the signing of Stamford, CT, based Aladdin Capital Holdings (Aladdin). Aladdin represents the first client mutually secured through Numerix and CDO Software's partnership to offer integrated "Numerix Powered" pricing and risk solutions within the CDO Tools™ application suite.

"Having recently announced our partnership with CDO Software, we are very excited to have Aladdin onboard as our first mutual client," said Steven R. O'Hanlon, President and COO of Numerix. "The successful integration of Numerix analytics within the CDO Tools™ application suite offers Aladdin a powerful and robust CDO pricing and risk solution. We look forward to the continued success of our partnership with CDO Software."

"The market for risk analytics - including credit correlation products - is very competitive. We believe that in this market, Numerix offers the best quality and flexibility in providing support to the complicated bespoke deals in which Aladdin specializes," said Dmitry Udler, Director of Quantitative Risk Management and Research at Aladdin Capital Holdings LLC. "Wrapped around the Numerix pricing engine is CDO Director, which provides us with deal booking and tracking, seamless import of market data and convenient scenario generation."

"We have always been committed to working closely with our partners to build solutions that benefit firms in the market. By implementing a Numerix and CDO Software solution, Aladdin is now equipped with the technical infrastructure needed to make better informed investment decisions," said Sunay Shah, CEO and co-founder of CDO Software.