August 07, 2008

NumeriX, an independent analytics provider for the structuring, pricing and valuation of derivatives and structured products, has entered partnership with Pyxis Systems, a provider of technology solutions and services to the global financial derivatives industry. This partnership will expand integration and support services for NumeriX customers throughout AsiaPac, from Hong Kong and India.

Through this partnership with Pyxis, NumeriX customers in India and Southeast Asia will have enhanced regional support for training, integration and professional services, including system and market data integration. Additionally, clients will have the ability to work with the NumeriX-certified staff of Pyxis, to design and develop new instrument types and add-ins for NumeriX's Excel-based offering, NumeriX 7. "With the explosive growth of the derivative and structured products markets, as evidenced by the opening of new markets in the region, coupled with the need to manage and navigate the troubled credit markets, there has been a significant increase in demand for NumeriX analytics," said NumeriX President and COO, Steven R. O'Hanlon, in a press release. "Through our partnership with Pyxis, NumeriX now offers the largest support infrastructure of any analytics provider in the region," he added.