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Savvysoft Kameleon allows you to integrate derivative pricing models without any programming! Kameleon integrates with systems from Infinity (Panorama, Opus and Infinity Derivatives) , Algorithmics, Summit, Frustum, AFA Systems, CATS, Decision Software, and any open system. What’s more, the pricing models integrated may be TOPS models, in-house models, and even those models from Savvysoft competitors! Any type of exotic option, even a step up callable roller coaster Bermudan swaption with a changing strike and a changing volatility curve, can be easily integrated into any open system with just a few clicks of the mouse. Savvysoft Kameleon provides users with a tight level of integration. Software vendors will claim their models can be easily integrated into a third party system. But when the time comes to do it, you’ll learn that it’s really not all that simple. Typically, the model you want to integrate will have input parameters that the third party system wasn't designed to handle. For example, the third party system may have the ability to value swaptions with one strike, yet you need to value a swaption with a strike schedule. Since there’s no place on the screen to enter a strike schedule, a new input screen has to be created to accommodate the new structure. Such a task requires programming, and can take a substantial amount of time. The third party system’s database must also be extended to store the strike schedule, which involves even more time and programming. But with Savvysoft Kameleon, all this happens without having to write a single line of code. Savvysoft Kameleon, allows you to always use the fully integrated model for generating prices, hedges, risk statistics and cashflows, providing a true straight through integration with the third party system. |
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