WestLB replaced non-integrated vendor applications and spreadsheets with Imagine’s Derivatives.com after it piloted the program in a live trading environment. It will now be deployed at the bank to support the growth of its proprietary trading operation and to help it drive down costs in order to maintain multiple vendor systems and data management initiatives.
According to Imagine, the system will aim to advance WestLB’s ability to assess and execute strategies by providing traders with access to independently maintained data such as volatility surfaces, term volatility curves and dividend tables.
