Monday, June 16, 2008

Innovation, a key to success

Book Value
Global Derivatives: Products, Theory and Practice
Eric Benhamou

New generation systems

In the exotic derivatives business, innovation is a key to success, says Eric Benhamou in ‘Global Derivatives: Products, Theory and Practice’ . While financial engineers have kept up pushing the limits of products to more and more tailor-made and computing-demanding pricing products, IT (information technology) systems are under pressure to innovate simultaneously, he adds.


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