Fuzzy Logix, LLC has introduced state of art financial analytical solution, FIN Lytix that works completely in-database and preloaded in the library as functions for options and derivatives pricing, fixed income valuation, time series analysis and portfolio management.

According to Partha Sen, CEO of Fuzzy Logix, financial institutions can use in-database analytics to meet the challenges posed by the current environment, namely pre- and post-trade risk. In addition, FIN Lytix(TM) enables institutions to effectively back-test their investment and trading strategies using large amounts of historical data.

Also, the company had planned in advance to offer smooth flow between its GPU-based analytics accelerator, the Tanay ZXnW Series with Netezza (News - Alert) TwinFin appliances using dedicated 10GigE or InfiniBand connections.

The combination of TwinFin and Tanay enables customers to utilise the computing power of GPUs along with the superior storage and analytics warehousing features presented by Netezza.

Customers can also store portfolio and pricing related data on the TwinFin appliance and perform the intense calculations that are required in areas such as market risk, intra-day risk, pre-trade risk or pricing of exotics using the Tanay accelerator in a seamless fashion.

To showcase FIN Lytix usage, Fuzzy Logix and Netezza plans to demonstrate the performance of FIN Lytix at Netezza's Enzee Universe June 20th - 22nd in Boston, MA at their booth and also in a presentation session.

In related news, Fuzzy Logix introduced Tanay ZXnW Series, the company’s state of art analytical appliance. Pre-loaded with a quantitative library, this appliance is built with multiple NVIDIA (News - Alert) (News - Alert) Tesla C2070 GPUs.

Recently, the company also announced the availability of in-database analytics working with IBM (News - Alert) (News - Alert) Informix database software to serve the large base of customers who are seeking to use easily accessible analytics to gain competitive advantage. The product, DB Lytix(TM), is a rich, in-database analytics library built during more than eleven years of extensive research on advanced analytical methods. It contains functions for mathematical and statistical analysis, data mining, and Monte Carlo simulations.