SocGen using JRisk for forex options
Jean Habib, the bank’s global head of IT for FX and treasury, said it chose JRisk because the technology allowed it to re-use existing components deployed at the bank.
JRisk provides tools and analytics for P&L, risk, scenario simulations, real-time risk, position management and VAR, and supports both plain vanilla and exotic FX options. It also offers valuation reporting for bank customers, provided either through a web-based interface or through daily hard-copy statements. SocGen opted for paper statements.
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