CompatibL is proud to announce its win for Most Innovative Third-Party Technology Vendor (AI & Machine Learning) at this year’s American Financial Technology Awards for its latest innovation, Autoencoder Market Models (AEMM).
Alexander Sokol, CompatibL’s Founder and Head of Quant Research, responds:
“I’m honored to accept this WatersTechnology’s AFTA award for the Most Innovative Vendor in the area of AI and machine learning. Machine learning is a transformative new technology that drives innovation in many areas of capital markets. This award recognizes CompatibL’s development of a new category of quant models based on machine learning. We call them Autoencoder Market Models. These new models are trained on historical data to produce unbiased pricing and risk management, free of the subjective choices and simplified equations of traditional models. In addition to releasing these models to production in the CompatibL Platform, we are also making the methodology freely available to the entire capital markets community. We would like to thank WatersTechnology for this award, which will encourage us to keep innovating.”
The inclusion of AEMM in the CompatibL Platform represents a new capability in addition to the range of conventional interest rate models available within the software.
CompatibL is actively working to extend AEMM to other asset classes with high-dimensional market data represented by curves and surfaces, including credit and commodities.
About American Financial Technology Awards (AFTAs)
The American Financial Technology Awards (AFTAs) are the premier awards program for technology innovation in financial services. Hosted by Waters Magazine and WatersTechnology, the AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking communities. The awards are presented in multiple categories, recognizing banks, brokers, asset manager, hedge funds, and third-party technology providers.