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.