Bank of China Opts for SciComp
TRADING FLOOR TECHNOLOGIES
HONG KONG--Bank of China International Holdings Ltd. (BOCI), the international investment banking arm of Bank of China, is using derivatives pricing software, dubbed SciFinance, from Austin, Texas-based SciComp.
The Hong Kong-based bank began using SciFinance in October of last year. It is designed to generate customized sort code from concise specifications of options structures, say SciComp officials. SciFinance can be used to price derivatives instruments including equities, credit, interest
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