Numerix opens Middle East and Africa Office in Dubai
First Published Tuesday, 30 June 2009 from Automated Trader : Automated Trading News
Numerix first analytics company in the region to provide local quantitative support
Neil Orchard, Vice President, Numerix: "Given the expansion of the markets, and the expansion of our client base, having local quantitative support for our clientele is critical."
Numerix (www.numerix.com), the independent, cross-asset, analytics service provider for the structuring, pricing and valuation of derivatives and structured products, has opened a new regional office in Dubai. As a satellite of the EMEA group based in London, the office will be managed by Neil Orchard, Vice President, who is responsible for the region. With the opening of this office, Numerix is the first analytics company in the region to provide local quantitative support.
“While the local derivatives markets in the Middle East and Africa are still in its nascent stage, it is evident that the use of sophisticated financial products in local economies and on the global stage will be prominent in the profile of financial institutions across the region. Given the expansion of the markets, and the expansion of our client base, having local quantitative support for our clientele is critical as we assist institutions in developing the best practices necessary in this market,” said Numerix regional leader, Neil Orchard.
“Numerix EMEA has reached critical mass in nearly every financial center across the region”, said Nick Haining, Managing Director for EMEA. “We are aggressively and ambitiously moving into key theatres of EMEA to provide our clients and prospects with unmatched quantitative support”, continued Haining.
“Financial institutions -- from Banks and Brokers Dealers to Sovereign Wealth Funds and Corporates -- are looking to Numerix as their immediate solution for enhanced pricing, valuation and risk analytic solutions. Numerix products enable traders & sales to structure and price new instruments and manage existing derivative and structured products positions across all asset classes. Our analytics allow management to be fully informed of market risks in a transparent manner, and provides a complete regulatory and compliance framework,” said Numerix President and COO, Steven R. O’Hanlon.
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