Press Release - 21 October 2008

NumeriX, the leading independent provider of advanced analytics for the derivative and structured products markets, and R2 Financial Technologies, a pioneering firm providing business solutions for pricing and risk profiling structured credit strategies, today announced the availability of NxR2, the first solution of its kind designed to enable easier and more accurate pricing and valuation of the complete spectrum of cash and synthetic credit instruments.

The application provides consistent valuation and risk analytics for credit products, which incorporate detailed information at the collateral level for credit derivatives and structured finance transactions.

In 2008, NumeriX and R2 made a conscious decision to combine their expertise in pricing analytics and risk management to develop the tools necessary to find transparency in an opaque market. As the credit markets continue to be mired in uncertainty, it is only through technological innovation that can connect best-of-breed data sources ...   more »