Suite LLC releases ALibV3.27.4 with enhancements inspired by leading quant rates-trading practitioners.
With developer-friendly bond object constructors that speed implementation time and support a wider variety of non-standard issuances, new strategies can be brought to market with less coding without loss of transparency.
Enhanced Curve-construction adds new dimensions that enable quant practitioners to incorporate their own unique intuition with strategy execution.
New features include:
A Zero Curve Interpolation Modification that allows for the construction of a curve with a prescribed shape. This offers greater flexibility and precision in curve modeling, adding risk measures not previously exposed for analysis.
The release introduces modified (“Hybrid”) forward rate curve construction, which enables a forward rate to be computed as a weighted sum of two distinct tenors. This provides users with enhanced analytical capabilities and more nuanced financial modeling options.
External Creation of Generic Bond Types is a new capability that expands the universe of bond types supported, and with simplified coding for more rapid deployment. The feature gives greater control and customization options in bond type creation, while remaining backward-compatible with existing ALib implementations.
Focus has also been on increasing simplicity elsewhere in ALib. Higher-level functions have been added to accelerate workflows, helping users accomplish tasks in fewer steps while maintaining transparency.
Established in 2001, Suite, LLC provides financial analytic software to Hedge Funds/Asset Managers, Banks, Service Providers and ECN’s.
For more information about Suite LLC and ALib, please visit www.suitellc.com