Lumina, originally a spin-off of JPMorganâs Latin American Regional Application Development Team, will distribute Suiteâs derivatives software products, along with integration and support services, to financial organizations in Latin America, Spain and Portugal. Products include:
Â· Suiteâs Derivatives Analytic Libraries (Alib), delivered to run on Windows, Linux or Solaris platforms. The analytic functions are interoperable with Excel, Java, C#, and C/C++ applications;
Â· Aladdin, the flexible Excel/VBA pricing and risk management tool for structured trades including Credit Derivatives and multi-currency exotics;
Â· Kapital, Suiteâs comprehensive trading and portfolio management tool with trade capture and STP of simple and hybrid structures, offering advanced risk management, scenario analysis, and p/l predict/explain capabilities;
Â· And Derivatives Studio, a pre-execution pricing and risk management tool, readily deployed for efficient pricing of interest rate swaps, caps, swaptions, FX outrights and FX option trades.
Alib will also provide the analytics for financial systems that Lumina develops and licenses to their clients. Argentinean-based Lumina currently employs 65 professionals in Latin America and Spain, and their financial clients aside from JP Morgan include Bloomberg, ING, Grupo Bursatil Mexicano, Merrill Lynch, Scotia Inverlat and UBS.
"Lumina brings a wealth of technology and business expertise to the table and their heritage as JPMorganâs Latin American Development Team makes them intimately familiar with the development of our software as well as the local markets it supports. This allows us to expand the productsâ global utilization without diluting the attention we give to our existing banking and hedge fund clients in the US and abroad." says Edward Chester, a Suite Managing Partner.
"A very natural fit into our service offering, Suiteâs products will allow us to provide a more comprehensive portfolio of financial solutions to our markets. Furthermore, the expanded support for Credit Derivatives in Suiteâs Alib will satisfy a raising demand by clients in Emerging Markets to incorporate sophisticated tools that enable the evolution of their business." explained Gustavo Amor, Luminaâs CEO.