Numerix Signs OTP for OTC Analytics
OTP Bank, a Hungary-based bank focusing on Central and Eastern Europe, is to roll out over-the-counter pricing and analytics software provider Numerix's CrossAsset solution to support derivatives analytics across its firm by validating models, pricing complex derivatives, and performing pre- and post-trade analysis, including Greeks, scenarios and stress tests.
Officials say implementing CrossAsset allows the bank to assess model risk, reduce operational risk, and validate prices of structured products for more profitable trading and more transparent reporting.
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