Suite LLC announced today the signing of a third Primary Dealer in US Treasury Securities to license the ALib Financial Analytic Library for strategic use within a fixed-income electronic-trading platform. The library has been implemented for a range of government securities and derivatives pricing/risk calculations. ALib provides hundreds of reliable analytic functions which are thread-safe and fully supported and maintained by Suite to operate across multiple technical platforms and through a host of program interfaces.
The customer needed a proven tool for fast and accurate computations on fixed-income instruments to deploy in a high-frequency trading environment. ALib met their needs out of the box and behaved precisely as documented. The quality of the analytics and the high-caliber support provided by Suite were factors in their decision to choose ALib.
“We are excited to add another Primary Dealer to our client roster this year - along with two other new top-tier global bank customers and an online trading platform that have recently signed on for ALib†remarked Gene Schupak, Partner at Suite. “ALib allowed their technologists to quickly deliver reliable high-quality analytic functionality to their business clients without the risk and lead-time of building in-house models or coping with opaque vendor applications. We look forward to very positive relationships as these customers use ALib for desk-level pricing, post-execution risk-management and within online trading venues.â€
Suite LLC, established in 2001, is an independent NY-based vendor of derivatives software and services. Suite’s ALib analytic library is used globally by Banks, Hedge-Funds, Online Brokers and Service-Providers for industry-standard pricing and risk management of all interest-rate cash, derivatives and credit derivative instruments.
The customer needed a proven tool for fast and accurate computations on fixed-income instruments to deploy in a high-frequency trading environment. ALib met their needs out of the box and behaved precisely as documented. The quality of the analytics and the high-caliber support provided by Suite were factors in their decision to choose ALib.
“We are excited to add another Primary Dealer to our client roster this year - along with two other new top-tier global bank customers and an online trading platform that have recently signed on for ALib†remarked Gene Schupak, Partner at Suite. “ALib allowed their technologists to quickly deliver reliable high-quality analytic functionality to their business clients without the risk and lead-time of building in-house models or coping with opaque vendor applications. We look forward to very positive relationships as these customers use ALib for desk-level pricing, post-execution risk-management and within online trading venues.â€
Suite LLC, established in 2001, is an independent NY-based vendor of derivatives software and services. Suite’s ALib analytic library is used globally by Banks, Hedge-Funds, Online Brokers and Service-Providers for industry-standard pricing and risk management of all interest-rate cash, derivatives and credit derivative instruments.
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