DART+Exotics is the third financial software package from the DART++ range, which includes DART+Pricing and DART+History. Based on a multi-tier architecture, incorporating all the popular models, the system allows sub-second pricing of the most actively traded exotics options. Calibration to 2, 3 or 4-D volatility surfaces can be effected in real-time. Together with a unique line-by-line presentation, this allows the comparison of many different option structures.
Martin Hand, Managing Director of AFA DART, a subsidiary of AFA Systems Plc stated: "The implementation by Nationwide Treasury is a significant endorsement for DART+Exotics and meets our objective to provide a high quality front-end solution for benchmark pricing of Exotic Interest Rate instruments ".
Jim Coleman of Nationwide Treasury Stated; " Nationwide have been successfully utilising the AFA DART software for over 2 years now. The licencing of DART+Exotics allows the Treasury department to price and monitor the more complex instruments available in the market place. This new functionality fits seemlessly into the current DART++ environment and we have found it extremely flexible, fast and easy to use".