MHDS signs Agreement with Numerix, LLC

MHDS signs Agreement with Numerix, LLC

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MH Derivative Solutions Signs with Numerix, LLC

In light of the many tasks associated with new derivatives, regulations clients have asked about software solutions. It was important for me to include solution providers that I knew well and products with a proven track record.

It’s with great pleasure that MHDS has signed a mutual referral agreement with Numerix, LLC. I’ve known the firm since 2005 when I provided on-site and remote training for their front office and developers around the globe.

The full press release is reprinted below. Visit and check out their webinars, white papers, and other client support tools.   

Numerix and MH Derivative Solutions Join Forces to Help Swap Market Participants Meet Regulatory Initiatives for Central Clearing, Collateral Management and Counterparty Credit Risk

New York, NY – September 16, 2013 – Numerix (, the leading provider of cross-asset analytics for derivatives valuations and risk management and MH Derivative Solutions (MHDS) today announced a new partnership agreement. As an independent resource, MHDS will provide market training to existing Numerix users and offer support for product research. As part of the partnership, MHDS can recommend the Numerix CrossAsset pricing and risk analytics and Numerix CVA (Credit Value Adjustment) product solutions to its existing customer base.

McCabe Hurley, the owner of MH Derivative Solutions, LLC, provides a range of services to derivative market participants globally. Currently, MHDS is focused on assisting clients with tasks related to Dodd-Frank Title VII, specifically in the areas of Central Counterparty (clearing) and CVA. MHDS works with clients throughout their derivatives value chain believing an inter-departmental approach makes newly adopted processes more robust.  This includes Integrated Training to ensure all related areas are up to date on new processes put into place.

Through the agreement, current and prospective Numerix clients will benefit from MHDS’s Integrated Training, which includes all units along the swap business pipeline.  MHDS Integration Training offers group work and team building modules that result in better understanding of individual roles, a clearer picture of how units work together and what to look for throughout the process to increase efficiency. MHDS customers not already using Numerix will have the opportunity to build upon current technology infrastructure by integrating Numerix’s unified valuation framework and sophisticated library of cross-asset pricing and risk models.

“Our partnership with MHDS brings to market a mutually beneficial agreement where the money manager who chooses this solution will not only receive the coordinated effort of MHDS Integrated Training and Process Audit, but the analytic power of Numerix’s pricing and risk engine for valuations and risk calculations that are repeatable, transparent and consistent with the market,” said Steven R. O’Hanlon, Chief Executive Officer & President of Numerix.  “With this partnership Numerix will also have the tools to better serve its current clients through expert training as they seek to address key components critical to OTC derivatives regulatory reform including collateral management, margin requirements, central clearing and risk calculations for Counterparty Credit Risk.”

“In today’s market, a money manager actively using swaps needs to possess an analytics framework flexible and scalable enough to meet new demands for speed and accuracy, and subsequently must thoroughly train and educate those units responsible for each area along the derivatives transaction pipeline,” said McCabe Hurley, Owner of MH Derivative Solutions, LLC. “Numerix gives swap market participants the tools to build sound cross-asset pricing and risk solutions for different units operating across the enterprise; enabling integration between front and middle office operations and holistic risk reporting. With Numerix, MHDS clients will more effectively monitor changes across business lines, including bilateral versus cleared derivatives offset costs and the impact of collateral decisions.”

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments.

With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit

About MH Derivative Solutions, LLC

MHDS is a consultancy focusing on Dodd-Frank related changes in the derivatives business. Particularly, MHDS specializes in implementing processes and training clients in the following: changes in new swap pricing (CVA) & repricing (OIS); migration toward clearinghouse system for swaps; determining which bilateral swaps should be submitted to a clearinghouse; changes in documentation and collateral management; and integrating the operating units involved along the swaps value chain.

McCabe Hurley, owner of MH Derivative Solutions, LLC, has been in the financial markets for over 25 years.  She’s traded and sold for both large banks and small firms bringing unique depth of experience to her clients.  Having been a member of several exchanges McCabe brings unique understanding of clearinghouses and how they operate.  Her early entry into the swaps market brought her a new perspective regarding the importance of strong documentation and consistent collateral management.

Read the press release:

Numerix Signs Partnership Agreement with MH Derivative Solutions

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