I am excited to share that Nasdaq has launched a groundbreaking AI-based XVA Accelerator powered by MoCaX Intelligence’s technology.
You can read Nasdaq’s press release here.
The press release reads…
Called the XVA Accelerator, Nasdaq’s innovative technology uses a mathematical approach known as Chebyshev Tensors, drawing on a patented technique and modelling expertise from MoCaX Intelligence. It incorporates a breakthrough mathematical theorem by Sergei Bernstein that allows users to identify groups of scenarios that are highly likely to converge at an exponential speed toward the target result. This will allow very accurate approximations for an extensive range of scenarios, whilst requiring substantially fewer calculations than the original method.
The Chebyshev Tensors in the XVA Accelerator are calibrated in a dynamic manner each time an XVA calculation is launched. As a result, it adapts immediately to changing market conditions, which can prove particularly valuable in moments of market disruption.
With this technology, the Nasdaq Calypso risk analytics suite can rapidly adjust during periods of heightened volatility, or fluctuating interest rates, by identifying a smaller number of ‘smart’ scenarios to provide more timely risk analytics. The model can transparently detail how it has arrived at each assumption and lower the energy requirements, or carbon footprint, associated with conducting computationally intensive calculations.
Ultimately, this approach can significantly improve execution times, reduce costs, and empower financial institutions to more effectively manage risk.
I’d be happy to provide more details. Feel free to reach out anytime.
Sincerely,
Ignacio Ruiz
MoCaX Intelligence
Founder & CEO
