|By PR Newswire||
|March 31, 2014 06:01 AM EDT||
NEW YORK, LONDON and PARIS, March 31, 2014 /PRNewswire/ --
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.
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.
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/
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