Case Study: a global tier-1 investment bank achieves 100% pricing accuracy with Version 1

Classified hits 100% pricing accuracy with Version 1

The customer, a global tier-1 investment bank, faced significant challenges due to a complex network of uncoordinated pricing systems that hampered its equity derivatives trading. This siloed infrastructure caused operational inefficiencies and risked the institution's reputation for financial accuracy. The bank engaged Version 1 to enhance its equities division and consolidate these systems.

Version 1 provided an experienced team from its front office division to migrate over 70 quantitative pricing models into a new unified API. Utilizing rigorous regression testing and an agile approach, the solution achieved 100% pricing accuracy. This transformation provided the bank with a single pricing interface, allowing for quicker and more accurate complex trades, which strengthened client relationships and unlocked growth through significantly increased efficiencies.