Suite LLC, vendor of financial analytics for derivatives pricing and risk management, today announced both its membership in the MathWorks Connections Program and the commercial availability of its ALib™ fixed-income library for use within MATLAB. The combined offering brings the benefits of MATLAB’s interactive programming environment to financial engineers who require ALib™’s real-world market logic for bond and derivatives pricing.
The MathWorks Connections Program is available to third-party organizations that develop and distribute complementary, commercially available products, training, and consulting based on MATLAB® and Simulink®. These partner offerings address technical needs across a wide range of applications and industries worldwide with software and hardware products that extend the usage of MATLAB and Simulink. These solutions seamlessly integrate with MathWorks products and ensure ongoing compatibility in conjunction with new MathWorks releases.
Dr. Gene Schupak, Suite Partner and head of Quantitative Development states, “We are excited about this partnership as analysts using MATLAB can now leverage the same business rules employed by leading cash and derivatives market participants. ALib™ encapsulates current real-world business rules and conventions that are transparent right down to the transaction level, providing a consistent framework for quantitative financial engineers to analyze these instruments using MATLAB.”
Suite LLC, established in 2001, is an independent NY City based vendor of derivatives software and services supporting a global client base that includes tier-one Banks, Hedge-Funds, Exchanges and other Financial-Services organizations. ALib™ provides industry-standard pricing and risk management functions for interest-rate cash, derivatives and credit instruments and is supported on most contemporary technology platforms. Particular strengths of ALib™ include flexible curve construction routines and broad support for corporate, agency and sovereign bonds.
ALib™ and ALibV3.0™ are registered trademarks of Suite, LLC. MATLAB and Simulink are registered trademarks of The MathWorks, Inc. See www.mathworks.com/trademarks for a list of additional trademarks.