Italian bank, Banca Aletti, has used Orc technology to launch two new certificates for basket of stocks on the Italian Securitised Derivatives Exchange, SeDeX.
The new certificates, AL7499 and AL8461, make use of Orc’s covariance matrix for derivatives based on baskets of correlated securities.
“Banca Aletti’s decision to utilise Orc Trader was based on the sophisticated pricing and quoting functionality provided, thereby enabling us to develop proprietary models while also making use of Orc’s covariance matrix functionality,” says Alessandro Garufi, head of Equity Structured Products, Banca Aletti.
“Orc Software is pleased to deliver additional enhancements and market advantage for Banca Aletti in the critical areas of pricing and quoting,” adds Antonio Guidi, software sales and account manager, Orc Western Europe.
Banca Aletti, the investment bank of Banco Popolare uses Orc technology including Orc Trader, Orc API and Orc market connections for the Italian Derivatives Market (IDEM), Italian Stock Exchange’s (MTA), Securitised Derivatives Exchange (SeDeX), Mercato Alternativo dei Capitali (MAC), Eurex, Xetra, Euronext and Euronext.Liffe.Financials.