Software That Takes The Dread Out Of Derivatives
In today's financial markets, banks, securities firms, and others are constantly coming up with complex new financial instruments, such as option swaps, mortgage-backed securities, and other so-called derivatives. One problem with derivatives is that complex software is needed to predict their future behavior and determine their value. Using standard methods, that software may take months to develop, by which time it's probably too late to be of any use.
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