ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Raymond James, the Florida-based broker dealer providing financial services to individuals and institutions, announced the choice of Thetica Systems, LLC as its primary deal and loan data aggregator and bond analytics software provider and consultant. With Thetica Systems' ABS Trader Tools™, the high performance platform for boosting productivity for ABS, CMBS, CDO and CDS traders and analysts, Raymond James expands its trading and analytics capabilities, allowing it to efficiently analyze the full deal histories from Intex, integrate RMBS loan data and incorporate predictive modeling, to provide its institutional clients with the most accurate bond prices possible.
“We looked at a number of service providers and determined that Thetica Systems provided us with the most efficient solution for structured product analytics,” said Jim Sickling, the manager of taxable fixed income institutional trading at Raymond James. “We needed a single aggregator for the various structured products we trade, including RMBS, CMBS, CLO’s and ABS which Thetica provides.”
“Thetica Systems, LLC is proud to provide to Raymond James a complete technology platform for managing all of its structured products needs," says Jack Broad, president of Thetica Systems. "Our solutions permit Raymond James to thoroughly analyze ABS deals at a full micro and macro level. By easily generating and running large lists of bonds through Thetica ABS Analytics™ products, Raymond James can really comprehend what the actual worth is of any particular bond. We feel that our platform has put Raymond James structured products solutions in the technological forefront of the markets today, and look forward to a vibrant, continuing relationship."
Since its inception, Thetica Systems' executive team has delivered top quality software solutions to many Wall Street institutions, including Bear Stearns, Barclay's, Citicorp, etc. They have expert knowledge of structured products, working with the Intex API, and have designed and programmed complex analytics, trade capturing, and processing systems for the ABS/CDO/CMBS markets. Having worked in Convertible Bond and Risk Arbitrage, they were on the cutting edge of the explosion of the Corporate CDS market and the start of the CDS on ABS market. Further, they have extensive knowledge and experience with Intex data, Bloomberg, CoreLogic, ABS.NET, Blackbox, Trepp, and more, and are expert at C#, ASP.NET, VB, XML, SQL, etc. They are pioneers in rapid application development, focusing on getting sound technology solutions rapidly into place in fast changing markets.
About Raymond James (www.RaymondJames.com)
Raymond James Financial (NYSE-RJF), comprised of three principal wholly owned broker/dealers: Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., has more than 5,300 financial advisors serving 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $254 billion, of which approximately $31 billion are managed by the firm’s asset management subsidiaries. With distinct but complementary businesses all focused on client-centered growth, Raymond James offers a comprehensive range of financial services. Established in 1962 and a public company since 1983, Raymond James Financial is listed on the New York Stock Exchange (RJF), and its shares are currently owned by more than 14,000 individual and institutional investors.
About Thetica Systems, LLC (www.TheticaSystems.com)
Thetica Systems' ABS Analytics™ permits traders, financial controllers, risk managers and research analysts to flexibly price large quantities of bonds across an enormous range of economic scenarios faster, utilizing our cutting edge distributed computing grid. Large quantities of ABS bonds along with up to thousands of related economic scenarios can be run, to accurately determine the volatility and validity of prices, yields, durations, and cashflows - all easily accessible through user-friendly Excel front ends and APIs. Combined with our Thetica ABS Explorer™, permitting users to drill down into the wide variety of information relating to securitized products, Thetica ABS Trader Tools™ provides an unmatched set of capabilities for securitized markets participants.
With extensive experiential track of more than twenty years developing systems on Wall Street, the staff provides industry-wide know-how and technical expertise serving the structured products market. Thetica Systems has offices in New York and Clearwater, FL serving a wide variety of financial firms involved in the securitization markets.