MoCaX secures QuantTech50 Award
Featured Press Release, 13 June 2024We are pleased to announce that MoCaX has secured the prestigious QuantTech50 2024 Award in the rising star category.
MoCaX enables the speed up and reduction in compute cost of many risk calculations. This is done by creating a highly accurate, easy to calibrate and ultra-fast-to-evaluate replica of the bank’s Front Office pricing functions inside the risk calculations. Use cases include XVA, CCR-IMM, Stochastic Initial Margin and FRTB-IMA. This technology achieves pricing acceleration in these calculations of x10-x100, while the risk calculation reaches the same practical results.
We want to thank all those that have helped in the development of this technology, leading to this award. In particular, our technology partner Nasdaq Financial Technology, for the fruitful collaborative framework we continue to develop.