Lehman Deploys Risk Models For Exotic Fixed-Income Derivatives
TECHNOLOGY & INTEGRATION
NEW YORK--Lehman Brothers has finished a six-year year development project and is now ready to deploy new risk models to manage its exotic fixed income derivatives business. The investment bank built the models using the Linda and Paradise programming environments for parallel processing.
Thanos Mitsolides, vice president of fixed income and derivatives technology, says the applications, which were built with the Linda and Paradise parallel processing environment, provide risk analysis, profit
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