NumeriX Expands Support Infrastructure Via Pyxis Alliance

NumeriX, an analytics provider for the structuring, pricing and valuation of derivatives and structured products, has announced a partnership with Pyxis Systems--a provider of technology solutions and services to the financial derivatives industry. This partnership will expand integration and support services for NumeriX customers throughout AsiaPac, from Hong Kong and India.

NumeriX established its Asian operations in 1998 with offices in Tokyo and Singapore. NumeriX's relationships with over 40 partners provide institutions the ability to build end-to-end solutions--from pre-trade structuring, through pricing, trade capture and valuation. As most financial institutions have existing relationships with many NumeriX partners, potential users can seamlessly integrate NumeriX market standard analytics into their current platforms, thus, expanding their current platform to support a range of derivative products.

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Through this partnership with Pyxis, NumeriX customers in India and Southeast Asia will have enhanced regional support for training, integration and professional services, including system and market data integration. Additionally, clients will have the ability to work with the NumeriX-certified staff of Pyxis, to design and develop new instrument types and add-ins for NumeriX's Excel-based offering, NumeriX 7.

"With the explosive growth of the derivative and structured products markets, as evidenced by the opening of new markets in the region, coupled with the need to manage and navigate troubled credit markets, there has been a significant increase in demand for analytics," said NumeriX President and COO, Steven R O'Hanlon. "Through our partnership with Pyxis, NumeriX can now offer efficient support infrastructure in the region."

"Pyxis offers Derivatives Consulting Services to banks and financial institutions. A partnership with NumeriX will help Pyxis serve the high-end derivatives players across Asia," said Pyxis CEO, Nandlal Bhatkar (Johnny).