IBM Sights Derivs Traders With New Pricing Software
NEW TACTICS FORM OLD VENDORS
At a New York City press conference last week, IBM unveiled its Deterministic Simulation Blaster (DSB), simulation software for pricing derivatives. IBM claims that DSB is much faster than traditional Monte Carlo simulation methods, commonly used to value mortgage-backed securities and path-dependent derivatives such as index amortizing swaps.
Hardware will not will be bundled in with DSB, IBM officials say. They say DSB is an "open" product that's meant to run on a range of platforms --
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