– Sterne Agee licenses Quantifi XL for pricing and analysing Collateralised Synthetic Obligations
Quantifi, a leading provider of analytics, trading and risk management solutions for the global capital markets, today announced that Sterne Agee, one of the oldest and largest privately owned brokerage firms in the United States, has selected Quantifi XL as its front-office tool for pricing and analysing credit products.
Sterne Agee provides retail and institutional brokerage services, investment banking and underwriting services, secondary trading of securities, and market making in over-the-counter stocks. To support its expansion into the structured products market, Sterne Agee was seeking a sophisticated and powerful front office tool for complex pricing and deal analysis on Collateralised Synthetic Obligations (CSOs), hybrid CSOs, and similar structures that could be seamlessly and rapidly implemented.
Quantifi XL proved to be the ideal solution, providing traders and salespeople with immediate access to advanced pricing and deal analysis at a fraction of the cost of an internal build. Sterne Agee realises an immediate competitive advantage by rapidly scaling their business, competing on a level playing field with the most sophisticated global banks, and being able to deliver first-class deal analysis to their clients.
Quantifi XL provides fast and accurate pricing and structuring for even the most complex OTC products in a familiar and flexible Excel environment. Comprehensive, powerful and easy-to-use functions cover the simplest accrued interest calculations to the most advanced pricing and sensitivity analysis. Extensive on-line help, tutorials and worksheet examples make getting started and using Quantifi XL simple and intuitive.
Rohan Douglas, ceo of Quantifi commented, “We are delighted that Sterne Agee has decided to partner with Quantifi and we look forward to working closely with them as their business expands. We continue to see significant momentum in this space as broker-dealers look to provide more comprehensive and value-added analysis as a differentiator in an increasingly competitive landscape.”
