29 June 2010 Company Announcements

 

Misys and Numerix expand deal

Misys and Numerix, the provider of cross-asset analytics for derivatives valuations and risk management, have expanded their their global partnership and distribution agreement.

The two companies have been working closely together as partners since 2001 with more than 50 shared customers as a result. The extended agreement enables financial and insurance institutions to create derivatives and structured products for their clients much more flexibly and across a broader range of asset classes.

With Misys owning a significant percentage of the system solution market and Numerix being the dominant independent analytics provider, Financial and Insurance institutions are able to address the significant challenges of regulations, operational risks, and uniformity of pricing and valuations for all derivatives and structured products, regardless of the complexity. Misys is now a Numerix platinum partner - representing the highest level achievable in the Numerix Partner Program - with the most tightly coupled and integrated pricing and analytic solutions for Misys Summit and Opics users in the Financial and Insurance markets.

The expanded agreement provides new and existing Misys customers with unique ways of accessing and using Numerix pricing, analytics and risk management solutions for their OTC derivative and structured product needs. Customers will now be able to purchase the integrated solutions directly from Misys, further streamlining vendor and system complexity.