More institutions choosing external valuation

Banks are opting for external valuation to provide accurate pricing for structured products and derivatives. "Firms are triangulating values through numerous different sources, because there's a lot of uncertainty, especially with the volatility in the markets," says Mas Nakachi, director of corporate development at Calypso Technology, based in New York.

"Most of our clients are using our models to compare how they value their portfolio using their own in-house models - we are seeing increasing d