21 October 2017
visit www.atos.net

KBC FP deploys 'evolutionary computing' system for financial modelling

02 April 2004  |  3275 views  |  0 KBC FP deploys 'evolutionary computing' system for financial modelling

KBC Financial Products (KBC FP) has installed Galapagos - an "evolutionary computing" toolkit from UK software start-up CodeFarm - to refine its trading strategies in the convertibles and equity/credit derivatives markets.

Codefarm says the installation is the first commercial implementation of its toolkit, which enables clients to apply programming techniques inspired by the Darwinian theory to detect problems and use all available computing resources to solve them.

KBC FP says during trials, the toolkit allowed it to easily integrated existing models and quickly optimise new trading strategies with quantifiably better results.

Brian Collings, CIO of KBC FP, Galapagos is now being integrated with a particular pricing model by the firm's quantitative analysts: "It fits well with our current systems to provide 'optimization' on demand and is enabling more sophisticated and comprehensive forecasting."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

KBC and Rabobank to share settlement development costs

KBC and Rabobank to share settlement development costs

09 January 2004  |  6294 views  |  0 comments
KBC integrates applications with SeeBeyond

KBC integrates applications with SeeBeyond

15 December 2003  |  3862 views  |  0 comments
KBC alleviates help desk headaches with Courion's PasswordCourier

KBC alleviates help desk headaches with Courion's PasswordCourier

18 November 2003  |  2896 views  |  0 comments
KBC Bank shifts domestic payments to Fin-Force

KBC Bank shifts domestic payments to Fin-Force

05 September 2003  |  6519 views  |  0 comments
KBC Bank selects SunGard for move to SwiftNet Fin

KBC Bank selects SunGard for move to SwiftNet Fin

04 September 2003  |  4808 views  |  0 comments
KBC selects Fame's ReferencePoint for data management

KBC selects Fame's ReferencePoint for data management

18 July 2003  |  5530 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlRegister nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8693 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8600 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7694 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7158 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6765 views comments | 14 tweets | 23 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job