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BMO Financial Group Taps Riskfuel Analytics – Wilmott

“BMO Financial Group, the 8th largest bank, by assets, in North America, and Riskfuel Analytics a Toronto-based start-up, have announced a partnership to develop models for pricing and scenario analysis of structured derivatives transactions. This comes following a successful pilot project, which saw quantitative researchers from both firms develop a solution to speed up valuation of autocallable notes which previously presented significant runtime challenges when priced using traditional valuation methodologies.”