Partnership to Deliver Best of Breed Trading and Risk Management Solutions to Commodity Trading Houses and Financial Institutions Throughout Asia
NEW YORK & SINGAPORE--(BUSINESS WIRE)--Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, and JustCommodity Software Solutions announced today their partnership to provide best of breed Commodity Trading and Risk Management solutions powered by Numerix analytics to Commodity trading houses and financial institutions in Asia.
JustCommodity has been successfully delivering solutions to the Edible Oils, Grains, Softs, Energy and Metals industries for over a decade. Their client list represents some of the largest and most successful corporations. Their offering, ContraXcentral, is a web based solution which improves trade lifecycle efficiency by seamlessly integrating front, middle and back office processes - all within a single and automated information platform. ContraXcentral is complemented by Just Commodity's well-established support infrastructure and team of expert consultants.
"JustCommodity's extensive domain knowledge and firm grasp on the unique technology needs of commodity trading houses in Asia make them an ideal partner for Numerix," said Steven R. O'Hanlon, President and COO of Numerix. "We are pleased to join forces with Just Commodity to bring the power of Numerix analytics to the fast-growing Asian commodities market."
Active in the Asia-Pacific region since 1998, Numerix has developed a reputation for delivering the most sophisticated analytic solutions for derivatives and structured products. This has established Numerix solutions as the products of choice for some of the largest derivative market participants in the region.
"We are very pleased to team with such a premier risk analytics solution provider as Numerix," said Mr. Leslie Loh, Chairman, JustCommodity. "We believe the synergy between our software solutions and business models will complement each other and help us reach out to untapped potential markets."
"It is important that our partners share our passion to develop innovative solutions and bring them to the market," said Ong Lay Kian, Executive Vice President, Client Services, JustCommodity. "Numerix and JustCommodity share similar business philosophies and are deeply committed to innovation in our software solutions. Hence, partnering with Numerix was clearly the next logical step for us going forward."
JustCommodity will utilize the Numerix SDK to embed Numerix pricing and risk analytics into its Commodity trading solution. This will provide ContraXcentral customers with support for Mark-to- Market (MtM) valuations, first and second order and cross-Greeks measures, scenario analysis, cash flows and many other reporting capabilities. In addition, tightly coupling Numerix Portfolio with its Commodity trading solution will enable them to deliver advanced, proven risk capabilities to their sophisticated customers considerably faster and more reliably.
For more information on this partnership and the joint solutions it enables, visit www.numerix.com/partners.
About JustCommodity
JustCommodity is a leading software solutions provider catering to the commodity trading industry, particularly for the trading of edible oils. Its commodity trading and risk management ("CTRM") solution, ContraXcentralTM, is a premium web-based contract management and execution software suite specially designed to support the needs of commodity trading houses. The proprietary solution provides the framework for commodity trading companies to manage their trades, risk management and hedge accounting purposes to meet the requirements of the International Financial Reporting Standards (IFRS). Not only is it a unique solution that emphasizes business intelligence, the implementation of ContraXcentralTM also improves the efficiency and profitability for its users.
As a young company, JustCommodity was already ranked 2nd in Singapore and 106th in the Deloitte Technology Fast 500 Asia Pacific Ranking and was a winner in both the Red Herring 100 Global and the Red Herring 100 Asia awards in 2010. The Company was also ranked in DP Information Group's Singapore SME 1000 awards for 2010 and was a finalist in Silicon Valley's prestigious TiE50 awards in 2011. More information is available at www.justcommodity.com
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. Numerix offers clients a highly flexible and fully transparent framework for the pricing and risk analysis of any type of OTC derivative financial instrument. From vanillas and "semi-exotics" to bespoke derivatives, structured products and variable annuities, Numerix allows users to calculate prices and manage risk using any data set.
Since its inception in 1996, over 700 clients and 50 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in Australia, Beijing, Chicago, Dubai, Hong Kong, India, London, New York, San Francisco, Paris, Singapore, South Korea, Tokyo and Vancouver, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit www.numerix.com.
Contacts
Numerix
James Jockle, +1-646-898-1263
jjockle@numerix.com
or
JustCommodity Software Solutions
Koushik Sarkar, +65-6602-6363
koushik.sarkar@justcommodity.com