Italian energy company A2A has employed Matlab to create a new development platform for risk management. Matlab helped A2A in reducing risk calculations from one hour to 30 seconds, cutting down system development time to half and accelerated pricing model development.
Earlier, the company used complex spreadsheet-based solutions, taking analysts more than an hour to determine value at risk (VaR) with about 60 risk factors. With Matlab, A2A analysts are able to create data-driven and model-driven applications integrated into the system’s architectures to rapidly calculate a fair price and market risk for new contracts.
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