HSBC launches new Google Cloud risk trading tool
Tool allows the bank’s traders and risk managers to run “what if” scenarios to identify the capital requirements to cover rating downgrades and default risk of credit products.
Tool allows the bank’s traders and risk managers to run “what if” scenarios to identify the capital requirements to cover rating downgrades and default risk of credit products.
BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.
The strategic multiyear partnership with Google is the first of its kind in the financial services industry, said Deutsche Bank.
Deutsche Bank and Google have confirmed plans to sign a multi-year agreement that will transform the bank’s IT infrastructure and deliver new technologies.
The historic tick data includes OTC and exchange-traded instruments from all asset classes dating back to 1996.