Israel Discount Bank of New York (IDBBank) has installed the Dart Maths Library - part of the Dart derivatives product suite from London-based AFA Systems - at its treasury department and its broker-dealer business ID Capital.
AFA says the Dart Math Library will complement the bank's existing treasury application by providing a price discovery system that will deliver fast and accurate trade analysis.
The product combines mathematics - validated in the market for 15 years - as well as real time pricing and modelling with a flexible system interface and data distribution capabilities.
As well as providing initial implementation at the bank, AFA Systems will deliver support services on an ongoing basis.
AFA's Dart package is a range of products relating to pricing and risk management, systems development and training for the derivatives marketplace.