TECHNOLOGY

TECHNOLOGY

MB Risk Management (MBRM), the London-based derivatives and risk management analytics vendor, has released a new version of its Univswap pricing system that incorporates American and Bermudan-style interest rate options.

Mamdouh Barakat, president of MBRM, says 10 banks are currently using the new version of Univswap. He declines to name these customers, citing confidentiality agreements.

These clients are now testing the new release, says Barakat, which was designed without outside assistan