Yuanta Financial deploys NumeriX Excel within its risk department
Only securities-focused financial institution in Taiwan adopts NumeriX to enhance risk measures across the organization NumeriX, the leading independent provider of advanced analytics for the derivative and structured products markets, announced that Yuanta Financial Holdings has deployed NumeriX Excel within its risk department.
With the use of industry-standard analytics and comprehensive pricing tools, Yuanta can now more accurately price and calculate mark-to-model as well as measure the risk for all derivative and structured products.
The valuation and pricing of structured products is coming under great scrutiny as a result of the recent market volatility. Via NumeriX Excel, Yuanta now has access to the industry-standard analytics and models of NumeriX 7.2 to accurately price financial products across all asset classes. Moreover, Yuanta plans to extend the relationship with NumeriX to manage and monitor risk exposure across its entities. –www.theasianbanker.com (November 21 2008)–