Through this integration, financial engineers, risk managers and analysts can now leverage Numerix calculations to create fully customized, robust financial applications for pricing, modeling, and analyzing complex financial instruments.

MATLAB and Financial Instruments Toolbox™ leverage the Numerix CrossAsset library to access the industry's most comprehensive collection of models and methods. Calendars, market conventions and fixing history are also provided via Numerix, enabling faster, more efficient model creation and analysis. The integration enables MATLAB users to price any conceivable derivatives instrument from within the MATLAB environment.

"Users of the Numerix and MATLAB integration have a new level of access for financial analytics—namely pre-trade analysis, model validation and testing, and model comparison—that spans research and production applications," said Stuart Kozola, computational finance product manager at MathWorks. "Financial professionals now have a streamlined workflow for developing and deploying applications involving increasingly complex financial instruments and structured products in a fraction of the time it would take them in C/C++ or Java."

"By leveraging the cross-asset capabilities of Numerix, MATLAB has extended the coverage of risk, pricing, and valuation functionality to its computational finance users worldwide. As financial professionals continue to seek solutions to develop and implement increasingly complex financial models, analyze substantial volumes of data, and operate under tightening regulation, we're proud to announce that the power of Numerix is now available in MATLAB," said Steven R. O'Hanlon, chief executive officer and president of Numerix. "This partnership not only demonstrates the scalability of Numerix analytics and flexibility of integration, but also brings true efficiencies to the way quants and programmers are able to price options, derivatives and structured products within their financial modeling and simulation applications."