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.
âWe 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 ALibâ remarked Gene Schupak, Partner at Suite. âALib 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. Suiteâs 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.