17 October 2017

Globeop purchases Cygnifi analytics library from Suite

03 July 2003  |  2977 views  |  0 Globeop purchases Cygnifi analytics library from Suite

GlobeOp Financial Services a provider of risk operations and administration services for the funds management industry, has purchased the Cygnifi-developed risk reporting and valuation analytics library, A-Lib, from New York-based Suite.

The A-Lib library was originally developed by JPMorgan and its technology spin-off Cygnifi to support the bank's fixed income derivative and credit trading systems.

The technology was part of a package of products acquired by Suite when Cygnifi ceased operations. Suite delivers customised versions of the software to its financial services clients, including the source code.

Tom Deegan, COO, GlobeOp, says the software will extend the firm's ability to provide market standard pricing and risk reporting capability to its global client base.

"We envision Suite's software meeting the bulk of our client requirements out-of-the-box, as well as being able to evolve with the market because we will have access to the source code," he says.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

JPMorgan enters trade finance partnership with Vastera

JPMorgan enters trade finance partnership with Vastera

30 June 2003  |  3191 views  |  0 comments
JPMorgan and Morgan Stanley launch TRAC-X Europe swaps

JPMorgan and Morgan Stanley launch TRAC-X Europe swaps

12 June 2003  |  3448 views  |  0 comments
JPMorgan to beta test market risk ASP

JPMorgan to beta test market risk ASP

11 June 2003  |  3360 views  |  0 comments
JPMorgan introduces intra-day cash sweeping

JPMorgan introduces intra-day cash sweeping

05 June 2003  |  5200 views  |  0 comments
JPMorgan launches MasterSwap prime brokerage

JPMorgan launches MasterSwap prime brokerage

02 June 2003  |  5080 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14428 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13060 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8956 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7899 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7599 views comments | 13 tweets | 13 linkedin

Featured job

circa £250K total package
London

Find your next job