Technology innovation of the year: Numerix

Technology innovation of the year


Coping efficiently with the demand for quotes on equity-linked notes requested by email has always proved difficult, due to the non-standard format of the emails and the challenge of quickly pricing the complex instruments. Similarly, counterparty credit risk associated with derivatives has recently become far more complex, challenging both the modelling capabilities and computational performance of traditional pricing and risk systems. Meanwhile, as issuers try to respond to investors' search f

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