Hedge Fund Firm Uses Statserver 2.0 To Deliver Pricing Models To Traders
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New York--Among the first users of the upgraded Web and network delivery toolkit Statserver 2.0 from Mathsoft, is OTA, Off the Record Research, a hedge fund and financial brokerage firm in Purchase, New York.
OTA is using the new tool to "distribute derivatives pricing models to traders," says Randolph Nelson, managing director of OTA. The pricing models of the S-plus statistical data-mining package reside on an Oracle database.
Previously, it was difficult for traders to use the models--the
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