Numerix
| Company type | Limited liability company |
|---|---|
| Industry | |
| Founded | New York, NY 1996 |
| Founder |
|
| Headquarters | New York, NY , |
Number of locations | 19 offices (2019) |
Area served | Worldwide |
Key people | Gregory Whitten (Chairman of the Board), Steven O'Hanlon (President and CEO) Emanuele Conti (President and CEO) |
| Products |
|
| Owner | Genstar Capital (2022-present) |
| Website | numerix |
| Footnotes / references [1] | |
Numerix is an American capital markets front-to-risk[clarification needed] technology provider. It is headquartered in New York City with nineteen offices[2] worldwide.
The company develops analytics and software for risk management, trading, valuations and pricing for both sell-side and buyside market participants. It is in front-office risk technology and cross-asset analytics for OTC derivatives, structured products, and variable annuities, providing software and services for structuring, pre-trade pricing, trade capture and valuation.[3]
Approximately 700 clients and 90 partners across more than 26 different countries use software developed by Numerix.[4] Its partners include MathWorks, Broadridge, Nomura Research Institute, Oracle, ICE Data Services, Tradition Market Data, ActiveViam, Microsoft, and Amazon Web Services[5]
In August 2022, Numerix was acquired by Genstar Capital.[6] In April 2023, Numerix acquired FINCAD. In July 2023, Numerix acquired PolyPaths.
"When numbers matter", is the tagline most often associated with Numerix.
History
[edit]Numerix was founded in 1996 by Alexander Sokol, Nigel Goldenfeld, Mitchell Feigenbaum and Michael Goodkin as a software company selling multi-asset class pricing tool kits. Numerix CrossAsset remains as one of the industry's most comprehensive collection of models offering full portfolio coverage and broad instrument support for fixed income/rates, equity, FX, credit, commodities, inflation, longevity, volatility and hybrids.[7]
Numerix CrossAsset is used to price financial derivatives and calculate risk analytics – ranging from credit risk, market risk, stress testing, back testing, scenario generation and risk reporting.[8]
After making a significant investment in the company, Greg Whitten invested an additional US$32 million in 2001.
Numerix continued to grow and build out its front office XVA adjustments for pre-trade pricing, as well as counterparty credit risk exposures and market risk measures. In 2016, it introduced Oneview, its flagship risk management software,[9] which is a real-time, front and middle office platform with a microservices' architecture, designed for pre-trade pricing, post-trade valuations, XVAs, counterparty risk, market risk, margin and capital calculations.[10]
Emanuele Conti, who has held CEO and executive leaderships roles at Opus Global, Kroll, and Dun & Bradstreet, was appointed CEO in May 2023.[11] Emanuele proceeds Steven O'Hanlon, who had been Numerix's CEO since January 2013. O'Hanlon had been COO from 2004 to 2013 and is now the Vice Chairman for Numerix.
Acquisitions
[edit]In April 2023, Numerix acquired Vancouver, Canada-based FINCAD, a leading analytics company in the pricing and risk analytics of financial derivatives and fixed-income products, from Zafin.[12]
In August 2023, the company completed its acquisition of PolyPaths.[13]
In October 2024, Numerix acquired Kynex, a financial platform specializing in convertible securities valuation, portfolio and risk management, and trade flow/order management.[14]
Competitors
[edit]Numerix’ direct competitors are SunGard-FastVal, MSCI, Quantifi, swissQuant and Pricing Partners a Thomson Reuters company.
References
[edit]- ^ "Company Overview of Numerix LLC". BusinessWeek. Bloomberg. Archived from the original on May 14, 2009. Retrieved June 28, 2012.
- ^ "Location | Numerix". www.numerix.com. Retrieved 2019-09-24.
- ^ "Latest whitepapers and reports from Numerix LLC". Risk Library. Retrieved 2019-09-24.
- ^ "Partners | Numerix". www.numerix.com. Retrieved 2019-09-24.
- ^ "Partner Listing | Numerix". www.numerix.com. Retrieved 2019-09-24.
- ^ Lipsky, Cole (30 August 2022). "Genstar Capital Acquires Numerix". themiddlemarket.com. Retrieved 1 February 2024.
- ^ "Numerix - The TRADE Crypto". www.thetradenewscrypto.com. Retrieved 2019-09-27.
- ^ Desk, E. V. (2017-01-04). "Numerix: Dynamic Risk Analysis and Cross-Asset Evaluation". Enterprise Viewpoint. Retrieved 2019-09-27.
{{cite web}}:|last=has generic name (help) - ^ "Cloud solution provider of the year: Numerix - Risk.net". www.risk.net. 2022-09-27. Retrieved 2024-02-02.
- ^ "Oneview | Numerix". www.numerix.com. Retrieved 2019-09-27.
- ^ Harris, William (2023-05-08). "Numerix Appoints Emanuele Conti as CEO". citybiz. Retrieved 2025-04-25.
- ^ Cavanagh, Cassidy (12 April 2023). "Genstar-Backed Numerix Buys Fincad". themiddlemarket.com. Retrieved 1 February 2024.
- ^ "Numerix Proudly Announces Acquisition of PolyPaths". ffnews.com. 3 August 2023. Retrieved 2024-02-02.
- ^ "Numerix acquires convertible securities platform Kynex". Finadium. October 16, 2024. Retrieved April 15, 2025.