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Press release: for immediate release
Volatility surfaces through TimeScape
London, England, June 2006
Xenomorph has today announced the latest release of a new implied volatility surface analysis module for Xenomorph’s TimeScape data and decision management system. Enabling drill-through statistical analysis of historical volatility surfaces, the module has been developed in conjunction with several of Xenomorph’s major investment banking and hedge fund clients.
The new volatility surface module is based on TimeScape XDB’s unique ability to store complex data, and not just prices, over time. It is currently being used to exploit arbitrage statistical arbitrage opportunities in derivatives trading and to provide better pricing and risk management of derivatives portfolios.
Chris Budgen, Xenomorph’s Chief Technical Architect, said “Why should time-series storage of data be limited to simple data types such as numbers representing prices and yields? TimeScape XDB has been designed from the outset to make it easy for both business and IT professionals to store, analyse and benchmark against all kinds of complex financial markets data. The addition of the implied volatility surface module is a validation of this premise and one that is already delivering real value to our clients.”
About Xenomorph
Xenomorph delivers high performance data and decision management solutions for the capture, cleansing, control and analysis of high volume real-time, historical and derived data across all asset classes. Xenomorph’s clients include global investment banks, major asset management companies and hedge funds across the world's main financial centres, where they are used by traders, fund managers, quantitative analysts, risk managers, IT and back-office staff. Established in 1995, Xenomorph is a privately held firm with offices in London and New York.
For more information on Xenomorph, our clients, services and solutions, please see www.xenomorph.com.
Xenomorph® and TimeScape™ are registered trademarks of Xenomorph Software Limited. Other product and company names herein may be trademarks of their respective owners.