Wednesday, 20 March 2024, 19:00 HKT/SGT

NEW YORK, Mar 20, 2024 - (ACN Newswire) - Suite LLC, a leading provider of industry-grade financial analytics for the financial services industry, announces the launch of ALib 3.27, marking a significant milestone in its mission to enhance the capabilities of financial analytics software on a global scale. Known for its specialized expertise in the intricate areas of pricing and risk management for fixed-income and derivatives products, Suite LLC now broadens its horizons by bringing ALib 3.27 to markets across the Asia-Pacific region.

This expansion is a testament to Suite LLC's dedication to fostering innovation in financial analytics, providing sophisticated, reliable tools that cater to the evolving demands of the finance sector. ALib 3.27 embodies Suite LLC's commitment to excellence, offering an advanced toolkit designed to empower financial professionals worldwide with precision, efficiency, and adaptability.

Suite's ALib 3.27 introduces a new risk computation framework based upon an ultrafast dependency graph and a flexible scenario generator. This development easily supports multiple use cases - from simple bucketed sensitivities for an individual trade, to stress testing and historical VaR on large multi-currency portfolios.

The dependency graph eliminates redundant computations - both between market ticks and between risk scenarios. Intermediate results are cached, and mathematical simplifications are employed to further accelerate curve fitting.

As well as being fast to compute, the framework is easy to implement - something which is particularly beneficial for our new clients as it allows them to be up and running faster, with seamless integration into their systems.

Dr. Gene Schupak, Suite Partner and Head of Quantitative Development emphasizes the precision behind this development, "Getting this feature right required a lot of detailed engineering work. The framework can be applied to any number of different functional requirements."

Elsewhere, our focus has been on increasing simplicity in ALib. Several new higher level functions have been added to accelerate workflows, helping users get things done in fewer steps.

Finally, the ALibPY Python interface has been enhanced to make it easier to build industrial scale applications. Memory management and garbage collection have been upgraded. Performance and error logging have been further improved.

James Baker, Product Manager adds, "We are fortunate that our customers include some very sophisticated and experienced market participants. This helps expose us to a wide variety of use cases and technical demands. The result with the risk framework is that we've been able to deliver something that is flexible and easy to use - and is immediately getting positive feedback from our users."

For more details about ALib 3.27 and Suite LLC, please visit our website at suitellc.com.

About Suite LLC

Since 2001, Suite LLC has delivered industry-grade software and services to the financial services community, serving a wide range of clients including top-tier banks, hedge funds, data providers, online trading platforms, and small community banks. We provide analytics for the pricing and risk management of fixed-income cash products, fixed-income derivatives, and credit derivatives.