Curves and their associated data points are an integral part of the pricing process. These curves – interest rate, forward, volatility, swap, etc. – are often used as standalone prices but also act as a required input to price complex securities and as a source of useful information for multiple systems like risk, performance and front-office applications. Creating and maintaining these curves, however, becomes a very difficult and manually intensive task for funds due to the extra bandwidth required from both technical and pricing teams. Fortunately, analysis suggests there are many areas throughout the process that can be streamlined and automated, such as:
