Abbey National signs up to Datasynapse's LiveCluster service

LiveCluster is a computer distribution system that speeds up the process of computing mathematical models for pricing, valuation and risk management reports.

Abbey National Treasury Services will use the system for a range of derivatives products, including credit derivatives. The bank is one of the first European financial institutions to purchase the system since DataSynapse opened its London office in April, said Willy Ross, DataSynapse's managing director for Europe, Middle East and Africa.

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