NumeriX has announced that it will offer its flagship NX Tools product for free to qualified developers. Currently used primarily for pricing cross-asset derivatives, NumeriX hopes that its analytics and modelling technology will be useful to independent software vendors, internal application development teams and consultants in building financial models for asset classes not currently serviced by NumeriX. Under the guise of the Application Developer Programme, NumeriX will provide qualifying developers with a one-year licence for NX Tools, a suite of development tools for all aspects of financial instrument pricing and risk management. The company said that it hoped to drive an awareness of its technology by providing it to organisations in new markets – namely in the insurance and mortgage industries.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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