Source: Suite LLC
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."