Numerix, a provider of cross-asset analytics for derivatives valuations and risk management, announced the opening of a new regional office in Seoul, a move the firm said is aimed at capitalizing on the growing South Korean derivatives market.
The Seoul regional office further expands Numerix’s presence in Asia, as the firm already has offices in China, Hong Kong, Singapore and Tokyo. The new branch will also be the first derivatives analytics firm to provide local sales and quantitative support in the nation, Numerix said.
“Given the continued expansion of the derivatives marketes across the region, having local quantitative and sales support for our South Korean clientele is critical as we assist institutions in developing the best practices necessary in this market,” Numerix president and chief operating officer Steven O’Hanlon said in a statement.
“Our commitment to the Asian marketplace goes back more than a decade and the growth of the Asian derivatives markets has been matched by the growth of Numerix.”