Monday, 21st May, 2012
Exact Match
REMATE Launches Volatility Desk for Mexican Interest Rates Options Powered by Numerix
18/Feb/2010
Numerix, (
www.numerix.com
) the leading independent provider of award winning cross-asset analytics for the structuring, valuation and risk analysis of derivatives and structured products, today announced that it has been selected to provide REMATE, a specialized Interdealer firm active in Mexican foreign exchange and interest rates markets, with interest rate option pricing models, risk analytics and volatility calculations through its Numerix Rates Trader – trading application.
Numerix’ Rates Trader application will provide traders on REMATE’s volatility desk with advanced pricing,
volatility calculations and analytical capabilities for related local Mexican TIIE (interbank equilibrium interest rate) IR caps / floors and swaptions.
Launched as part of a suite of trading applications in December 2009, Numerix Rates Trader streamlines
the process of evaluating various trading strategies and monitoring risk exposure for portfolios of vanilla IR derivatives. With Numerix Rates Trader, REMATE traders can easily capture, monitor and analyze a book of IR trades and relevant market data.
"We are excited about this relationship with REMATE," said Steven R. O'Hanlon, President and COO at
Numerix. "The Mexican derivatives markets are a recognized growth area for Numerix and we look forward to helping REMATE further establish its presence and expertise across the region."
Numerix is a leading independent analytics provider for derivatives and structured products. Numerix
pricing models and software solutions are utilized by global issuing institutions and are embedded in the world's most prominent trading and risk platforms.
The REMATE pricing and volatility data can be accessed by typing RMVL<GO> on the BLOOMBERG
PROFESSIONAL® service.
ABOUT NUMERIX
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products.
Since its inception in 1996, more than 375 financial institutions and 45 strategic partners across 25
countries rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Tokyo, Hong Kong, Singapore and Dubai,
Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For
more information, please visit
www.numerix.com
.
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