LexiFi's Instrument Box, the company's core derivative technology, provides a scripting language for contract description and automatic user interface generation, exhaustive life-cycle processing and reporting, generation of optimized pricing code and an integrated solution for document generation.

The Bloomberg Professional service has integrated the above solutions to enhance its derivatives platform, which includes capture screens, trade sheet generation, flexible and simplified scripting language for contract creation, reporting, and life-cycle processing with audit trail and seamlessly integrates with Bloomberg's distribution network. The Bloomberg Professional service also provides advanced analytics, fully integrated market data, and state-of-the-art financial models for pricing and risk, helping Bloomberg users to navigate the complexity of derivatives, structured products and strategies.

"LexiFi is proud that Bloomberg chose its technology for this project, further endorsing the capabilities of LexiFi's innovative generic approach and the scalability of its software," says Jean-Marc Eber, Chief Executive Officer of LexiFi.

LexiFi's Instrument Box incorporates core derivative technologies developed and continuously enhanced over 10 years. The integration of LexiFi's modelling language for finance (MLFi), which captures terms and conditions of financial contracts, and Instrument Box will provide Bloomberg Professional service subscribers with contract details about derivative life-cycle processing, pricing and reporting.

"Bloomberg is committed to providing a fully integrated workflow for derivatives, structured products and strategies. LexiFi's contribution has been valuable to the success of this effort and our engineering teams have worked together productively, establishing a solid ground for long-term collaboration," says Jose Ribas, global head of derivatives and structured products at Bloomberg.