Analytics solutions provider FinAnalytica announced that it has received its fifth patent from the US Patent and Trademark Office. This latest award replaces the fixed correlation matrix with a process that accurately estimates the dependency between assets using dual copulas, according to David Merrill, CEO of FinAnalytica.
"It's focused on the fact that correlations are not constant," Merrill tells Buy-Side Technology. "Most of the vendors have the concept of a correlation matrix, but we have
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails