FinAnalytica Nails Down Fifth Tail-Risk Patent
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
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