Numerix launches CompatibL Technologies

CompatibL Technologies, which will be based in Princeton, New Jersey, will develop solutions for integration software and related technologies. The solutions will carry the flow of financial data between a range of internal and vendor systems and analytics packages. In addition, CompatibL will offer consultancy services and training packages.

Alexander Sokol, a founder and former chief technology officer of Numerix, will be president and chief executive officer of the new company.

Sokol said there is an urgent need for an integration platform that allows different software systems to exchange complex financial derivatives data. "By bridging the gap between disparate data formats used by different software and analytics packages, CompatibL will dramatically improve the interoperability of different systems and their integration with open standards such as FpML," he said.

CompatibL will become the preferred integration partner for Numerix. It will also be a reseller of Numerix's products.

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