NumeriX, a provider of cross asset analytics for derivatives and structured products, has signed a partnership agreement with Pyxis Systems, a provider of technology solutions and services to the global financial derivatives industry, to extend its services into the Asia Pacific region.

The partnership will expand integration and support services for NumeriX customers throughout the region.

The firm first established its Asian operations in 1998 with offices in Tokyo and Singapore and most recently in Hong Kong.

According to the vendor, its partnership agreements with other vendors mean potential users can seamlessly integrate NumeriX market standard analytics into their current platforms.

Through this partnership with Pyxis, NumeriX customers in India and Southeast Asia will have enhanced regional support for training, integration and professional services, including system and market data integration, the vendor says. Additionally, clients will have the ability to work with the NumeriX-certified staff of Pyxis, to design and develop new instrument types and add-ins for NumeriX’s Excel-based offering, NumeriX 7.

NumeriX president and chief operating officer, Steven O’Hanlon, says: “With the explosive growth of the derivative and structured products markets, as evidenced by the opening of new markets in the region, coupled with the need to manage and navigate the troubled credit markets, there has been a significant increase in demand for NumeriX analytics. Through our partnership with Pyxis, NumeriX now offers the largest support infrastructure of any analytics provider in the region.”

Nandlal Bhatkar, Pyxis CEO, adds: “Pyxis offers derivatives consulting services to banks and financial institutions with superior assistance through its experience in the derivatives and technology domain. Pyxis is working along with several large Indian and foreign banks and financial institutions, helping them set-up derivatives desk frameworks, implement derivatives systems, provide professional services and develop custom applications for front and middle office analytics. A Partnership with NumeriX will help Pyxis serve the high end derivatives players across Asia."