User:LexiFi SAS/sandbox

LexiFi
LexiFi is a French financial technology firm specializing in software development for the booking, pricing, lifecycle event management, reporting, and document generation of structured products and Over-The-Counter (OTC) derivatives. LexiFi software solutions users include brokerage firms, structured product issuers, private banks, asset management companies, and financial technology firms. The company's headquarters are in France with  an office in Singapore.

Jean-Marc Eber is the founder and CEO of LexiFi. Alain Frisch, a former researcher at INRIA, is the CTO of the company and is also an active member of the Objective Caml development team.

History
LexiFi was founded in 2000 by Jean-Marc Eber as a software company selling derivatives and structured product management solutions. Prior to founding LexiFi, Jean-Marc Eber was heading the Quantitative Research department of a French investment bank. Jean-Marc realized that financial institutions did not have access to any standard for describing financial contract payoffs. Contract payoff descriptions differ across markets and are usually specified in term sheets or other kinds of (semi)-contractual documents. Jean-Marc therefore embarked on an entrepreneurial adventure with the aim to establish a domain-specific computer language allowing to describe payoff semantics in a generic way. An academic paper  co-written by Jean-Marc Eber, Simon Peyton Jones, and Julian Seward provides a historical perspective on this topic. The paper received the EAPLS Best Paper Awards in 2000.

LexiFi has established the first formal language to precisely describe complex financial products, previously called the Modeling Language for Finance (MLFi). Based on this modelling language, LexiFi created an industrial offer becoming a leading provider of software solutions in the financial derivatives and structured products industry. LexiFi’s solutions remain among the industry’s most generic and comprehensive for product pricing, lifecycle event management and reporting.

Risk magazine awarded LexiFi as the “Software Product of the Year” in 2001. In 2014, LexiFi’s software was also awarded “Software Product of the Year” for its Apropos program, in the inaugural Wealth & Finance magazine Alternative Investment Awards.

Technology and software
LexiFi offers two main solutions designed for the management of OTC derivatives and structured products: an end-user software and a software component designed to be embedded in new and existing third-party software applications.

LexiFi uses OCaml a functional programming language that has proven both effective and efficient in fulfilling LexiFi’s technical requirements.

Further readings

 * "Coherent measures of Risk", Philippe Artzner, Freddy Delbaen, Jean-Marc Eber, and David Heath.
 * “Mathématiques Et Ingénierie Financière: Un Savoir-Faire Français.” La Jaune Et La Rouge, 4 Apr. 2022, https://www.lajauneetlarouge.com/lexifi-mathematiques-et-ingenierie-financieres-un-savoir-faire-francais/.
 * “Bloomberg Licenses LexiFi's Technology to Strengthen Derivatives and Structured Products Coverage | Press | Bloomberg LP.” Bloomberg.com, Bloomberg, https://www.bloomberg.com/company/press/bloomberg-licenses-lexifis-technology-strengthen-derivatives-structured-products-coverage/.
 * “LexiFi: The Key Element around Automation Is Not Connectivity but Defining Standards.” SRP, https://www.structuredretailproducts.com/news/details/21618.
 * "How to Write a Financial Contract" ,Simon Peyton Jones and Jean- Marc Eber. https://www.researchgate.net/publication/314085065_How_to_Write_a_Financial_Contract
 * “The Financial Crisis, a Lack of Contract Specification Tools: What Can Finance Learn from Programming Language Design?”, Eber, Jean-Marc. SpringerLink, Springer Berlin Heidelberg, 2009, https://link.springer.com/chapter/10.1007/978-3-642-00590-9_15.
 * “Natixis Im Lance ‘Asset Studio’, Une Plateforme Digitale Innovante Au Service Des Clients.” Allnews, 21 Apr. 2022, https://www.allnews.ch/content/corporate/natixis-im-lance-%C2%ABasset-studio%C2%BB-une-plateforme-digitale-innovante-au-service-des.
 * “Private Banks More Interested in Post-Trade Services, LexiFi (Part 1).” SRP, https://www.structuredretailproducts.com/news/details/23308.