Infinity Ports Fin++ Object Library To Mircosoft Windows NT Platform
Infinity Financial Technology, the California-based risk management systems house, has ported its Fin++ financial object library to Microsoft's Windows NT.
Separately, the vendor has announced a new global co-operation deal with IBM, an extension of its so-called business partner plan to forge alliances with other risk management systems providers and consultants.
The Windows NT port of Fin++ has been expected for some time by industry observers. The class library - previously restricted to Unix platforms - comprises a variety of objects representing various financial instruments, including equity, bonds, derivatives and foreign exchange.
The Fin++ class library includes over 300 tested C++ classes. Users will be able to move data between Windows-compatible software and Infinity applications.
Windows NT may also simplify developers' lives, making it easier for them to build and maintain object libraries.
Fin++'s NT port has already been distributed on CD-Rom to several key Infinity clients, according to vendor officials.
The new version of Fin++ works alongside and integrates with Visual C++, Microsoft's standard Windows NT C++ compiler.
On a more strategic level, industry observers predict that NT will soon begin to rival Unix as the premier operating system for client workstations.
In particular, Infinity's release of Fin++ for NT will allay criticisms regarding the timescales required to develop fully fledged risk management applications using its platform.
It is generally believed within the financial technology industry that NT offers faster application development times to Unix, due to the standardised nature of Windows NT.
Infinity's deal with IBM involves the latter company offering systems integration solutions to financial institutions based on Infinity's development framework.
It is an extension of a deal inked last year between Infinity and IBM Japan: a division of IBM that is active in developing risk management systems for the Japanese financial markets.
The California-based financial software vendor has also released four new products developed by third-party software houses, all based on Infinity's data model and class library.
These new systems include a market risk simulator developed by Toronto-based TrueRisk, a financial calculation engine developed by Paris-based Axime and a front and middle office limit manager developed by Diagram, another Paris-based software house.
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