TOKYO – 15 February 2010 – Numerical Technologies, a leading provider of financial risk management software, announced today the release of Numerical Technologies Altitude® version 1.9.0. Numerical Technologies Altitude® is a state-of-the-art ALM system that handles massive and complicated financial simulation without oversimplified approximation.
Numerical Technologies Altitude® 1.9.0 allows clients to:
- Use fat-tail probability distribution when calculating VaR using Monte Carlo method
- Observe non-normal probability characteristic parameters from time series of risk factors
- Generate Johnson SU or Pareto-Gaussian mixed-distribution-based scenarios, and simulate more realistic fat-tail effects
Numerical Technologies is a financial risk management software company and consulting firm that specializes in high-performance computing (HPC), parallel Monte Carlo simulation, and financial modeling. Since 1998, we have been helping some of the largest banks and insurance companies globally to quantify risk, identify opportunities, and meet economic and regulatory capital requirements. Numerical Technologies holds office in Singapore and Tokyo.