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

http://www.lexifi.com.

    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