Alveo, a provider of cloud-based market data management services, has extended it data operations solution Ops360 including standard integration with QuantLib for advanced analytics.

With the new functionality, any appropriately permissioned business user can simply drag and drop input data sets into functions and set parameters to derive data and kick off the calculation of curves and risk factors. No coding is needed and the process is interactive. Users can add sources, tweak parameters before promoting a given calculation to production and anchoring it in an operational workflow in, for instance, financial modelling, valuation, product control, margin calculation or market risk management.

The capability comes with Alveo’s standard benefits including full transparency into the underlying sources of risk factors, the management of different families of interest rate curve drawing from different baskets of bonds; and the capability to quickly set up proprietary calculations.