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Tamesis adds NumeriX derivatives pricing analytics to credit risk products

15 November 2004  |  1178 views  |  0 Source: NumeriX

NumeriX LLC, the leading player in multi-platform, cross-asset derivatives pricing and risk management software, today announced the company has signed a strategic partnership agreement with Tamesis, a leading supplier of new-generation risk management and trading solutions to investment banks.

Through this partnership, NumeriX is extending its vendor channel-marketing strategy by embedding its pricing analytics within Tamesis' new Credit Trader solution and its existing Risk Informer for Credit. This integration will provide a complete trading and risk management solution designed to scale from lower-volume credit derivatives trades right through to validation for larger and more complex trades in one user interface.

James Tomlin, CEO at Tamesis, said: "Tamesis has been instrumental in establishing the market for new-generation risk and trading solutions and we see this partnership as a natural step in the evolution of our company and the solutions that we provide. By packaging these two best-of-breed solutions, we are able to deliver a compelling offer for credit traders at all levels, whether their key criterion is ease of entry and ease of use or unparalleled power and flexibility for higher volume, highly-complex trades."

"We are very pleased to be partnering with Tamesis," said Steve O'Hanlon President and COO of NumeriX. "Tamesis is a key player within the credit space and targets the kind of clients that can best utilise the quantitative power of NumeriX software. In addition, this partnership is an important step forward in extending our channel-marketing strategy."

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