New York, NY
18th September, 2020
Suite LLC, vendor of financial analytics for derivatives pricing and risk management releases upgrade to ALib™, a leading quantitative analytics library.
Version 3.25 sees the next phase in the roll out of both Suite's new general object and convention framework and its enhanced Python interface. This follows positive user feedback from the enhancements introduced in 3.24.
The enhancements provide full backward compatibility - users can apply the new generation of functions to old curves, or old functions to the new generation of curves. This allows clients to take advantage of the new infrastructure without completely overhauling their existing spreadsheets.
Dr. Gene Schupak, Suite Partner and head of Quantitative Development states, "As we continue along this path, the number of different ALib™ functions that you need to use - and the number of arguments that you need to supply - has decreased significantly. This provides a more intuitive user experience and increases consistency across different markets, different spreadsheets and different interfaces."
James Baker, Suite's Product Manager says, "the Python interface and the new Jupyter notebook examples are now sufficiently easy to work with that even a non-programmer can quickly become proficient in using them. This simplifies the migration of the analytics on to more modern environments for clients who are replacing their legacy systems but wish to preserve their pricing and risk management policies”
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. It is supported across a range of contemporary technology platforms, including Excel, C#, Java, Python and MATLAB. 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.
For more information, please visit suitellc.com