Numerix has acquired financial analytics firm Suite LLC, adding its ALib technology for derivatives pricing, fixed income valuation and risk management to its existing platform.
Numerix has acquired Suite LLC, a specialist financial analytics firm that develops ALib, an analytics library used by financial institutions for derivatives and fixed income pricing and risk management. A key part of ALib is its curve construction capability Founded in 2001, Suite has developed ALib for more than two decades. The technology provides analytics for derivatives pricing, bond valuation, interest rate and credit curve construction, scenario analysis, stress testing and cash flow