Mitre, Simudyne Partner to Market Financial Modeling Tech; Jay Schnitzer Quoted

Mitre and Simudyne have teamed up to offer a modeling tool for central banks and other financial institutions to analyze market trends.

The agent-based model uses data analytics and seeks to help organizations predict fault lines in the global financial system and gain insight for decision-making, Mitre said Tuesday.

The nonprofit company granted Simudyne rights to commercialize the technology under licensing agreement.

“We worked with the Department of the Treasury‘s Office of Financial Research to build detailed mapping of the transformations and dynamics of the financial system in an agent-based model that provides insight into the primary pathways for the propagation of financial contagion,” said Jay Schnitzer, a vice president and chief technology officer of Mitre.

Simudyne uses agent-based models in efforts to help business clients simulate financial networks and examine how interactions between individual agents may affect a market participant’s behavior.

Mitre’s Technology Transfer Office partners with companies to commercialize technologies and the nonprofit said it has completed more than 500 technology licenses over the past five years.

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