In today’s ever competitive environment, the ability to develop and deploy new pricing models in an efficient and cost effective manner is key. Most financial organizations employ a traditional model development and deployment process that requires multiple development and staging environments.
Once deployed, many financial institutions fail to quantify and monitor pricing model uncertainty on a daily basis. This can be quite costly as often significant resources need to be allocated to model correction/reconciliation and a repeat of overnight risk and P&L calculations.
Analytic Space is robust and versatile portfolio pricing and risk analysis framework that supports rapid model deployment. By amalgamating market data, pricing models and risk analysis into a centralized service, Analytic Space provides a flexible and robust framework for efficienly deploying new pricing models. Analytic Space provides users easy access to both new and existing pricing models and market data sets allowing for in-depth model analysis and performance assessment.
- New pricing models (even during prototyping) can be used in parallel with production models
- Model validation becomes a part of a daily routine process
- Ability to test a multitude of potential market scenarios, including asymptotic and stress test scenarios