Numerix

Numerix LLCType| Limited liability company

|

Industry|

* Software development
* Financial technology

Founded| New York, NY 1996 (1996)
Founder|

* Alexander Sokol
* Nigel Goldenfeld
* Mitchell Feigenbaum
* Michael Goodkin

Headquarters|

New York, NY

United States of America

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|

* Numerix Oneview
* Numerix CrossAsset
* Numerix NxCore
* Numerix Oneview Asset Management
* Numerix FRTB

Owner| Genstar Capital (2022-present)
Website| numerix.com
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.

## Contents

* 1 History
* 2 Acquisitions
* 3 Competitors
* 4 References

## History

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

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

Numerix’ direct competitors are SunGard-FastVal, MSCI, Quantifi, swissQuant and Pricing Partners a Thomson Reuters company.

## References

1. ↑ "Company Overview of Numerix LLC". BusinessWeek. Bloomberg. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=434522. Retrieved June 28, 2012.
2. ↑ "Location | Numerix". https://www.numerix.com/location.
3. ↑ "Latest whitepapers and reports from Numerix LLC" (in en). https://www.risklibrary.net/company/numerix-llc.
4. ↑ "Partners | Numerix". https://www.numerix.com/location.
5. ↑ "Partner Listing | Numerix". https://www.numerix.com/partner-listing.
6. ↑ Lipsky, Cole (30 August 2022). "Genstar Capital Acquires Numerix". https://www.themiddlemarket.com/latest-news/genstar-capital-acquires-numerix.
7. ↑ "Numerix - The TRADE Crypto". https://www.thetradenewscrypto.com/guide/numerix/.
8. ↑ Desk, E. V. (2017-01-04). "Numerix: Dynamic Risk Analysis and Cross-Asset Evaluation" (in en-US). https://enterpriseviewpoint.com/numerix-dynamic-risk-analysis-and-cross-asset-evaluation/.
9. ↑ "Cloud solution provider of the year: Numerix - Risk.net" (in en). 2022-09-27. https://www.risk.net/awards/7954569/cloud-solution-provider-of-the-year-numerix.
10. ↑ "Oneview | Numerix". https://www.numerix.com/oneview.
11. ↑ Harris, William (2023-05-08). "Numerix Appoints Emanuele Conti as CEO" (in en-US). https://www.citybiz.co/article/413658/numerix-appoints-emanuele-conti-as-ceo/.
12. ↑ Cavanagh, Cassidy (12 April 2023). "Genstar-Backed Numerix Buys Fincad". https://www.themiddlemarket.com/latest-news/genstar-backed-numerix-buys-fincad.
13. ↑ "Numerix Proudly Announces Acquisition of PolyPaths". 3 August 2023. https://ffnews.com/newsarticle/fintech/numerix-acquires-polypaths-expanding-market-expertise-in-structured-finance-fixed-income/.
14. ↑ "Numerix acquires convertible securities platform Kynex". October 16, 2024. https://finadium.com/numerix-acquires-convertible-securities-platform-kynex/.

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