Case Study: a major U.S. bank builds sophisticated analytical models with Perforce IMSL C Library

Major U.S. Bank saves two man months a year with Perforce

The customer, a major U.S. bank, needed to build and maintain sophisticated mathematical and statistical models for its investment banking division. The challenge was to develop these complex models for quantitative analysis efficiently without dedicating expensive developer time to creating and maintaining foundational code. The bank turned to Perforce and utilized its IMSL C Library.

Perforce's IMSL C Library provided the bank with a comprehensive set of fast, stable, and rigorously tested algorithms. This solution allowed developers to focus on solving quantitative problems rather than building code, resulting in increased reliability and performance. The implementation saved an estimated two man-months of developer time per year in licensing costs alone, a significant return on investment. Perforce's IMSL became a core component of at least four trading systems and is trusted by researchers and analysts across the division.