A major Nordic bank went live using our index calculation as a service
Algorithmica recently went live with independent index calculations using the Derived Data Services platform. A major Nordic bank needed independent valuation and index calculation of a ir-swap related index to give its clients an extra level of transparency as the index is used as the basis of derivative overlays.
“As modeling of fixed income derivative products requires both non-standardized calculation methods as well as reliable raw market data, we are very pleased that our best practice efforts are in line with this major market maker’s internal pricing methods.” – says Niclas Holm, CEO.
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