Cell mates
Traders love spreadsheets. But complex deals can quickly outgrow a sheet developed on the fly. Since traders won’t abandon their favourite tools, Stuart Cook and Tony Hughes of The Structure Group look at how firms can control their use
While developments such as straight-through processing (STP) and real-time transactions can reduce human interference and error, human risk can never be eliminated. The issue for a trading party, then, becomes how much benefit is added in moving elements of the control of its portfolio away from spreadsheets and realising the consequent reduction in human risk.
Many of today’s traders live and die by their spreadsheets, which they use for analytics, deal-modelling and position
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