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Quantitative Analysts
Have Fastest Linear Programming Optimization, Classification Neural
Networks, and Visualization Tools from Visual Numerics® IMSL™
C# and JMSL™ Numerical Libraries for Portfolio Modeling
HOUSTON, Texas – June 14, 2006 –
Visual Numerics, Inc., celebrating 35 years of producing leading
numerical analysis and visualization software, today announced the
availability of the IMSL C# Numerical Library version 4.0 and JMSL
Numerical Library for Java™ Applications version 4.0. These
libraries now include the world’s fastest, most robust high
performance dense linear programming optimizer in pure Java and
C#, the most sophisticated classification neural network technology
in a broad numerical library for data mining and business intelligence,
and 3D charting capabilities. The combination of these features
is optimal for capital market companies who need to build advanced
applications capable of performing portfolio optimization, trading
systems analysis and risk modeling on a wide variety of computing
platforms.
Many companies in the financial services industry do not have access
to standard methods or algorithms for quantitative model development.
As a result, quantitative engineers must go through a lengthy trial
and error process to build their own models. To prevent quantitative
engineers from spending years designing just one mathematical and
statistical algorithm, Visual Numerics now offers up to 100 fully-tested
classes in version 4.0 of the IMSL C# and JMSL Numerical Libraries
to help engineers build applications that solve real world problems,
and get those solutions to market faster.
New features of IMSL C# 4.0 and JMSL 4.0 include:
- High-performance Dense Linear Programming
Optimizer — For state-of-the-art constrained dense linear
programming optimization. Both IMSL C# 4.0 and JMSL 4.0 now offer
the world’s fastest, most robust optimizer of its kind in
pure Java or C# for use in financial and business analytics. In
tests against two established Fortran-based Linear Programming
Optimizer competitors, the JMSL library 4.0 and IMSL C# library
4.0 performed on par with both of them - an impressive feat for
a Java-based algorithm.
- Classification Neural Nets — A
key algorithm in developing business intelligence applications,
and used for classical data mining. This binary classification
and multi-classification algorithm complements Visual Numerics’
existing forecasting functionality in the JMSL Library. The feature
categorizes data to identify groups that are more likely to perform
certain behaviors - for example, identifying mobile phone users
who are more likely to move to a higher priced plan, or identifying
credit card usage that is more likely to be fraudulent
- Mersenne Twister Algorithm — New
random number generator that improves accuracy in Monte Carlo
simulations, and is widely used in financial applications
- 3D Charting surface plotting features
in JMSL – A feature set requested by many customers that
includes surface and 3D scatter charts
- 2D Charting in IMSL C# (Available in
Q3’06)— Aligns with JMSL 2D charting and includes
pure C# managed code for .NET environments
“Financial services companies are under incredible pressure
to synthesize massive amounts of data to produce real-time forecasts
and investment recommendations for their clients,” said Phil
Fraher, president and CEO of Visual Numerics. “By offering
highly advanced mathematical and statistical libraries with the
fastest, most robust high performance dense linear programming optimizer
and charting capabilities, we’re giving portfolio managers
a powerful business intelligence toolset for making more accurate,
up-to-the-minute financial recommendations.”
About The IMSL™ C# Numerical Library
The IMSL C# Numerical Library, which is written in 100% Visual
C# .NET, is designed to make programming easier and faster, provides
fully managed code, and ensures that programs written today will
stay compliant and remain compatible with future applications. The
IMSL C# Library also contains powerful algorithms that are the backbone
of common analytics such as profit maximization, product design
optimization, supply chain efficiency optimization, and demand forecasting.
With the use of the IMSL C# Numerical Library, applications built
on the Microsoft .NET Framework can provide more powerful business
analytics than ever before.
About The JMSL™ Numerical Library for Java
The JMSL Library is the broadest collection of mathematical, statistical,
financial, data mining and charting classes available in 100% Java.
It is the only solution for Java programmers, which combines integrated
charting capabilities with the reliable mathematical and statistical
functionality of the industry-leading IMSL™ Numerical Library
algorithms. The JMSL Library is platform independent, which makes
it easy to embed in existing, standalone or networked applications.
Additionally, the solution requires shorter development cycles than
custom-created or home-grown systems and can offer companies cost
and time savings of up to 95%.
Pricing and Availability
The IMSL C# Numerical Library 4.0 is available
immediately, starting at $995 for one development seat. The JMSL
Numerical Library for Java 4.0 is also available immediately and
costs $2,895 per development seat.
About Visual Numerics,
Inc.
Visual Numerics has provided technical
software solutions for numerical analysis and visualization for
more than three decades. The company's software products help users
understand complex data from a variety of sources and build business-critical
applications. Visual Numerics offers two product lines: the IMSL
Numerical Libraries for powerful mathematical and statistical analysis
and the PV-WAVE® visual data analysis development environment.
Visual Numerics also offers customized professional services for
applications that involve mathematical, statistical, or visual data
analysis to meet today's business analytical needs.
Major corporations, academic institutions,
and research laboratories worldwide use Visual Numerics' software
tools, including such high profile companies as: Bear, Stearns &
Company; Barclays Global Investors; Priceline.com; Humana, Sandia
National Laboratories; and Boeing Company. This large and diverse
customer base is supported through a direct sales force, wholly
owned international subsidiaries, and international distributors.
For more information about Visual Numerics, please visit www.vni.com.
Trademark Statement:
Visual Numerics and PV-WAVE are registered trademarks of Visual
Numerics, Inc. in the U.S. and other countries. IMSL, JMSL, JWAVE,
TS-WAVE and Knowledge in Motion are trademarks of Visual Numerics,
Inc. All other company, product or brand names are the property
of their respective owners.
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