Bloomberg Licenses LexiFi's Technology to Strengthen Derivatives and Structured Products Coverage
Bloomberg Licenses LexiFi's Technology to Strengthen Derivatives and Structured Products Coverage
PR56328
NEW YORK, LONDON and PARIS, Mar. 31/PRN=KYODO JBN/--
LexiFi and Bloomberg today announced the integration of LexiFi's technology
into the Bloomberg Professional service, the financial data and information
platform used globally by more than 319,000 financial professionals.
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.
About LexiFi
LexiFi is the leading developer of innovative financial software, combining
advanced techniques from Theoretical Computer Science and from Mathematical
Finance to redefine the way software for financial derivatives is built. Its
award-winning MLFi contract description language precisely captures the terms
and conditions of financial contracts, supporting the diversity of derivatives
and structured products in a scalable way. Combined with LexiFi's analytics
library, MLFi empowers LexiFi Apropos, its integrated flagship product used by
financial institutions to manage their portfolio of structured products. The
same technology is also available in Instrument Box, a portable embeddable
component designed to be easily integrated into third-party applications.
LexiFi is based in Paris, France. For more information, visit
About Bloomberg
Bloomberg, the global business and financial information and news leader,
gives influential decision makers a critical edge by connecting them to a
dynamic network of information, people and ideas. The company's strength -
delivering data, news and analytics through innovative technology, quickly and
accurately - is at the core of the Bloomberg Professional service, which
provides real time financial information to more than 319,000 subscribers
globally. Bloomberg's enterprise solutions build on the company's core
strength, leveraging technology to allow customers to access, integrate,
distribute and manage data and information across organizations more
efficiently and effectively. Through Bloomberg Government, Bloomberg New Energy
Finance and Bloomberg BNA, the company provides data, news and analytics to
decision makers in industries beyond finance. And Bloomberg News, delivered
through the Bloomberg Professional service, television, radio, mobile, the
Internet and three magazines, Bloomberg Businessweek, Bloomberg Markets and
Bloomberg Pursuits, covers the world with more than 2,400 news and multimedia
professionals at more than 150 bureaus in 73 countries. Headquartered in New
York, Bloomberg employs more than 15,500 people in 192 locations around the
world. For more information visit: http://www.Bloomberg.com/now
SOURCE: LexiFi
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