Many buy-side institutions using derivatives and structured products, as well as some smaller sell-side ones, are making do with poor and antiquated tools for derivatives pricing, valuation and risk management.
Large portfolios of derivatives are often managed without appropriate quantitative tools, fully relying on the counterparties for valuations and risk numbers: an approach which is becoming untenable (not least because of regulatory changes).
We believe that this situation can be improved even without the multi-million budgets available to large banks:
our aim is to provide customers with quantitative tools which, within their range of applicability, are of the highest quality currently available - i.e. at least of the same level, or better, than the in-house libraries of major sell-side banks.We place particular emphasis on: