Managed Summit & Numerix Quant Development Service
Managed Summit & Numerix Quant Development Service


Mid-2017 – ongoing


A German state-owned Development Bank, Frankfurt

  • Front-to-back Summit context, pricing via bespoke Numerix pricing engine
  • 450 users
  • 60 departments using Summit
  • Heavily customised code base

Phi Team

  • 1 Senior Business Analyst & Account Manager
  • 3 Summit Business Analysts
  • 1 Summit developer nearshore
  • 3 Quant Developers (C++ / Java) onshore
  • 3 Quant Developers (C++ / Java) nearshore


Phi provide a mixed onshore/nearshore Java and Quant developer team supporting the client’s Pricing and Risk analytics platform: a java framework around Numerix, CAS / CAIL with MongoDb, both for production and change activity.

In addition, we provide a flexible Summit change capacity, currently (July 2019) running at 3 BA’s and 1 Developer, supporting Summit projects including Markitwire, Clearing, STP, and upgrade projects.

One Account Manager provides the single point of contact across both teams.