Numerix Grows Cloud-Burst Calculation Capabilities

Cloud computing

Over the counter derivatives pricing and analytics software vendor Numerix is to expand its current burst-to-cloud capabilities -- introduced earlier this year to allow users of its CrossAsset XL and Portfolio products to conduct compute-intensive calculations on the Microsoft Windows Azure cloud when the requirements exceed their internal capabilities (IMD, May 21) -- to its Leading Hedge asset and liability management solution for variable annuities and equity index annuities and future releases of its CrossAsset tool.

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