Numerix opens Hong Kong office

Pricing and risk analytics provider Numerix has opened a new regional office in Hong Kong in response to the growing derivative and structured products markets in China. The new operation will be led by Stephen Cheng, vice-president at Numerix, who will report to Steve O'Hanlon, president and chief operating officer of Numerix in New York.

Numerix, which already has offices in both Singapore and Tokyo, is looking to capitalize on the recent trend of local banks in China, Hong Kong and Japan developing their own hedging capabilities for plain vanilla derivatives and structured products.

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