News Column

Numerix and MathWorks Deliver Advanced Functionality for Pre-trade Analysis, Model Validation and Testing in MATLAB

January 21, 2014

MATLAB Expands Financial Instruments Coverage with Integrated Numerix Analytics NEW YORK & NATICK, Mass. --(BUSINESS WIRE)-- Numerix , provider of cross-asset analytics for derivatives valuations and risk management, and MathWorks, developer of MATLAB , a high-level language and interactive environment for numerical computation and visualization, today announced that Numerix CrossAsset Integration Layer is now integrated with the MATLAB environment. Through this integration, financial engineers, risk managers and analysts can now leverage Numerix calculations to create fully customized, robust financial applications for pricing, modeling, and analyzing complex financial instruments. MATLAB and Financial Instruments Toolbox ™ leverage the Numerix CrossAsset library to access the industry’s most comprehensive collection of models and methods. Calendars , market conventions and fixing history are also provided via Numerix , enabling faster, more efficient model creation and analysis. The integration enables MATLAB users to price any conceivable derivatives instrument from within the MATLAB environment. “Users of the Numerix and MATLAB integration have a new level of access for financial analytics—namely pre-trade analysis, model validation and testing and model comparison—that spans research and production applications,” said Stuart Kozola , computational finance product manager at MathWorks. “Financial professionals now have a streamlined workflow for developing and deploying applications involving increasingly complex financial instruments and structured products in a fraction of the time it would take them in C/C++ or Java.” “By leveraging the cross-asset capabilities of Numerix , MATLAB has extended the coverage of risk, pricing, and valuation functionality to its computational finance users worldwide. As financial professionals continue to seek solutions to develop and implement increasingly complex financial models, analyze substantial volumes of data, and operate under tightening regulation, we’re proud to announce that the power of Numerix is now available in MATLAB,” said Steven R. O’Hanlon, chief executive officer and president of Numerix . “This partnership not only demonstrates the scalability of Numerix analytics and flexibility of integration, but also brings true efficiencies to the way quants and programmers are able to price options, derivatives and structured products within their financial modeling and simulation applications.” About Numerix Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York , London , Paris , Frankfurt , Milan , Stockholm , Tokyo , Hong Kong , Singapore, Dubai , South Korea , India and Australia , Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com . About MathWorks MathWorks is the leading developer of mathematical computing software. MATLAB , the language of technical computing, is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a graphical environment for simulation and Model-Based Design for multidomain dynamic and embedded systems. Engineers and scientists worldwide rely on these product families to accelerate the pace of discovery, innovation, and development in automotive, aerospace, electronics, financial services, biotech-pharmaceutical, and other industries. MathWorks products are also fundamental teaching and research tools in the world's universities and learning institutions. Founded in 1984, MathWorks employs more than 2800 people in 15 countries, with headquarters in Natick, Massachusetts , USA. For additional information, visit mathworks.com . MATLAB is a registered trademark of The MathWorks, Inc. See mathworks.com/trademarks for a list of additional trademarks. Other product or brand names may be trademarks or registered trademarks of their respective holders. Numerix Emily Ahearn , 646-898-1294 Emily.ahearn@numerix.com or MathWorks Franceen Shaughnessy , 508-647-2053 Franceen.Shaughnessy@mathworks.com Source: MathWorks


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools