Codefarm, the structured credit technology company, is integrating new pricing models into Galapagos Structurer, its next generation portfolio optimization service.
Codefarm has signed an agreement with Derivative Fitch to enable customers of Galapagos Structurer to have the option of using the semi-analytic and Monte-Carlo Gaussian copula CDO models from the RAP CD pricing and risk analytics platform for CDOs.
“To ensure that Galapagos Structurer performs to its full potential, keeping pace with market developments is a top priority for us,” says John Mooren, Marketing Director of Codefarm.
“Offering Galapagos Structurer customers the most popular benchmarked pricing model as well as the opportunity to integrate their own allows us to focus on our core strengths.”
“As a leading provider of pricing and risk analytics for structured credit products we are delighted to combine our models with Codefarm’s innovative technology,” comments James Wood, Managing Director, Derivative Fitch.
“Our pricing models are highly dynamic, reflecting market changes and Galapagos Structurer with its evolutionary computing technology accommodates our model changes with ease.”