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KBC Financial Products
KBC Financial Products, a leading specialist within the growing global marketplace for convertibles and equity derivatives, uses Xenomorph systems to rapidly structure exotic equity derivatives, manage the risk on these instruments and reduce reliance on spreadsheets.
"Organisations
that manage their equity derivative operations using spreadsheets
are inherently introducing operational risk; spreadsheets are passed
between different trading desks and are modified and extended by
different traders. Spreadsheet cells might be moved, amended or
deleted. Such a process could lead to the whole hedging strategy
originally put in place to come undone. In KBC FP, the Xenomorph
solution is the only system allowed on the trading floor that
enables spreadsheets to be used. Because Xenomorph systems are very
well organised they enable KBC Financial Products has complex time
series analysis, including volatilities and correlations, to be
completed very quickly.The speed of the Xenomorph systems enables
KBC FP to service its clients in a time frame that reflects the
business that we are in: our clients ask for innovative structured
products on new assets."
Jan De Spiegeleer, managing director, KBC Financial Products
For more information contact sales at Xenomorph on +44 (0)20 8971 0080 or email info@xenomorph.com
2002 Xenomorph
| May 2002 | www.xenomorph.com |