ING & Summit Develop MC Risk Engine
NEW YORK--ING Barings has created a Monte Carlo engine in conjunction with New York-based Summit Systems. The engine will be part of the vendor's line of derivatives pricing and risk management systems. This is the second joint VAR project for Summit and ING Barings.
ING Barings has had a relationship with Summit since 1996 when it jointly developed its Trading Risk Management System (TRMS) (Derivatives & Risk Technology, March 3, 1996). TRMS is a VAR-based treasury-wide application, which
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