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TIPS, Inc., is at the forefront in the development of fixed income calculations
software for the financial services industry and is considered to be the industry leader
in fixed income analytics. TIPS, Inc., was founded in 1986 by Jan
Mayle, author of the Standard Securities Calculation Methods books
published by the Securities Industry Association (SIA). After years of working as a
consultant to the financial services industry, Mr. Mayle saw a need to integrate existing
standards -- which he developed in conjunction with the SIA -- with the industrys
growing use of software.
Designed to help the securities industry standardize the valuation and analysis of
fixed income securities, the companys primary product is the Standard
Securities Calculations Software Library. The software library provides calculation
routines for valuation and analysis of domestic, foreign developed and emerging market
fixed income securities to developers of in-house and commercial systems.
Delivering on TIPS mission to facilitate standards within the financial services
industry, the librarys hardware and language independence assures users of
consistent results. It can be used on most industry-standard computers -- from mainframes
and minis to workstations and personal computers -- and can be used with most common
programming languages -- including C, C#, Java, Perl, COBOL, FORTRAN, RPG, PL/SQL, Visual FoxPro, Visual Basic and
others.
In addition to developing the software library, TIPS, Inc., offers educational courses,
consulting and benchmark data. TIPS, Inc., also works with industry associations and
rulemaking bodies to define, create, implement and update industry standards.
TIPS, Inc., software is currently being used by many of the nations leading
brokerage, money management, banking and insurance firms. Additionally, TIPS provides its
software to the nations largest software development companies.
332 Springfield Avenue
Suite 200
Summit, NJ 07901
(908) 522-8950
For more information send Email to: PublicRelations@TIPSINC.COM
For product information send Email to: Sales@TIPSINC.COM
Trade Associations
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The Securities Industry Association (SIA) is the trade association representing
the business interests of more than 700 securities firms in North America. Its members are
securities organizations of virtually all types - including investment banks, brokers,
dealers, and mutual fund companies.
SIA serves as a forum for addressing key industry issues, acting as an information source
and idea catalyst. It also helps member firms reduce costs and assists them with
management responsibilities.
In 1973, SIA printed the first Standard Securities Calculations Methods book,
thereby defining the uniform standards and methodologies for fixed income calculations.
This book and its revisions in 1986 and 1993 have become the industry bible. In 1994, SIA
published the companion volume standardizing additional analytic computations.
Since 1986, the standards and methodologies defined in these books have been developed
with SIA by Trading & Investment Programs & Systems (TIPS, Inc.)
120 Broadway
35th Floor
New York, NY 10271
(212) 608-1500
www.sia.com |
The Bond Market Association is the bond market
trade association, representing about 300 securities firms and banks that underwrite,
trade and sell debt securities both domestically and internationally. It's members include
all major dealers in municipal, U.S. government, federal agency, mortgage, asset-backed
and corporate debt securities and money market instruments.
The Bond Market Association speaks for the bond industry, advocates its positions and
keeps members informed. It also strives to standardize market practices to promote
efficiency and reduce costs.
The Standard Formulas for the Analysis of Mortgage-Backed Securities and Other Related
Securities created by the The Bond Market Association Mortgage Securities Division
established consistent calculations for evaluating mortgages and their structured
securities. The association has recommended yield calculations for fixed-rate capital
(preferred debt) securities.
In several endeavors involving fixed income securities, The Bond Market Association has
worked closely with TIPS.
360 Madison Ave.
New York, NY 10017
(646) 637-9200
www.bondmarkets.com |
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