High Speed Fixed Income Analytics

• The market standard for valuation and analysis of bonds, MBS, interest rate derivatives, and structured products.

Advisory and Consulting Services

• Debt management, model validation and calibration, counterparty exposure measurement, hedge effectiveness testing, and portfolio construction.

Independent Valuation Services

• Bonds, MBS, interest rate derivatives, and structured products.

• Due to the outpouring of interest following the press release on our patented MBS valuation method, Dr. Kalotay will be holding a series of webinars to answer questions about the CLEAN™ MBS Prepayment and Valuation Model. If you would like to receive an invite to attend the next one, please send an email to qifu@kalotay.com.

Upcoming

• At the National Municipal Bond Summit taking place from March 17-19th in Miami, FL, Dr. Kalotay will be part of a panel discussion on Signal vs. Noise: Using Quantitative Analysis to Improve Efficiency.

March 2010

• On March 9th, Dr. Kalotay spoke at CFA Institute's Wealth Management 2010 conference in Phoenix, AZ. The topic is Bonds with Survivor as an Estate Planning Tool.

• Dr. Kalotay is quoted in Gretchen Morgenson's Fair Game column in the March 7th Sunday New York Times, The Swaps That Swallowed Your Town: “The basic problem is the swap adviser gets paid only if there is a transaction — an unbelievable conflict of interest. It’s the adviser who is supposed to protect you, but the swap adviser has a vested interest in seeing something happen.”

February 2010

• At the PRMIA New York Chapter meeting Examining Model Risk in Fixed Income Assets on February 25th, Dr. Kalotay gave a talk on Exposing MBS Model Risk: Look OUTSIDE the Black Box.

• Dr. Kalotay presented at the PRMIA Risk Management Seminar Series at the Fields Institute in Toronto on February 16th.

January 2010

• BondDesk Group LLC, a leading financial technology firm, has selected fixed income libraries from AKA to augment analytics on its Alternative Trading System (ATS). The suite of AKA libraries, which includes the patented CLEAN™ MBS Prepayment Model, covers fixed and floating rate bonds, inflation linked structures, and mortgage-backed securities, will support pre-trade and post-trade analytics as well as reporting.

• AKA received a patent for its method of determining when to refinance a mortgage optimally. The approach is implemented Mortgage Refinancing Calculator.