Lehmans Builds a Fixed-Income Grid


NEW YORK—Lehman Brothers has two major grid computing pilots under its belt for its fixed-income group, and has begun a third pilot project to bolster its credit risk efforts, says Thanos Mitsolides, senior vice president for fixed income technology and analytics at the bank.

By the spring of this year, the bank completed pilot projects for a fixed-income derivatives application and a mortgage pricing system, Mitsolides says. The third pilot for a credit risk application "is well under way," he

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