Numerix to provide pricing models for Thomson Reuters risk management software suite
First Published 27th January 2010
Thomson Reuters to extend Numerix's vanilla - exotics pricing solutions and risk analytics in Kondor+ Suite and TopOffice solutions
Steven R. O'Hanlon, President and COO, Numerix: "We look
forward to offering continued access to the independent pricing
and risk analytics their clients demand."
Numerix has announced that Thomson Reuters will extend Numerix's vanilla - exotics pricing solutions and risk analytics in Thomson Reuters Kondor+ Suite and TopOffice solutions.
Financial service firms using Thomson Reuters Kondor + Suite to build and trade structured products, can already access the extensive Numerix CrossAsset library of independent pricing models, methods for the pricing and analysis of various exotic derivatives and related transactions. Clients will now have better access to the Numerix CrossAsset library, to include enhanced coverage and pricing capabilities for vanilla instruments.
Clients of Kondor+ Suite can now structure, price and analyze OTC derivatives and structured products using Numerix's pricing models and analytics. Numerix software will be pre-integrated into Kondor+ Suite. Thomson Reuters real-time risk, P&L and liquidity management solution application- TopOffice has also been expanded to include access to Numerix CrossAsset pricing and analytics. TopOffice now offers access to Numerix pricing and risk analysis tools.
"The expansion of our agreement with Thomson Reuters to include Numerix as the source of pricing models demonstrates the ubiquitous nature of Numerix's models and risk analytics and represents a solid strategic advancement for both firms," said Steven R. O'Hanlon, President and COO of Numerix. "We look forward to offering continued access to the independent pricing and risk analytics their clients demand."
"Our relationship with Numerix helps Thomson Reuters provide our users with a powerful combination of accuracy and flexibility. We are extending our relationship with Numerix across our risk management product range to help our customers achieve the highest possible return on their investment," said Boris Lipiainen, Global Head of Product and Development, Risk Management, Thomson Reuters.