REQUEST A DEMO CLIENT LOGIN PUBLICATIONS CAREERS CONTACT US LONDON, MAY 19, 2016 AT THE ROYAL INSTITUTION: ITO33/KITE SURF 1ST VOLATILITY SUMMIT ITO33/Kite Surf 1st VOLATILITY SUMMIT: Everything you always wanted to know about Volatility but were afraid to ask Among the various issues that will be covered, here is a foretaste: 1. Banks and Asset-Managers still have a problem with their volatility surfaces modelling let alone their exotic options risk. 2. Why ITO33's regime switching stochastic Volatility model is the long-awaited solution to this problem of volatility surfaces and volatility arbitrage. 3. On the importance of a proper delta one calibration before you run your volatility model. 4. On the importance of withholding tax on dividends, seasonality of dividends and borrow rates in the delta one calibration. 5. An explanation of the spread between the variance swap curve and the log-k option strips curve. Introduction to a service that can quantify that spread. 6. Should S&P options and VIX options be priced separately, or should they be priced in a single and consistent framework? 7. Introduction to optimal hedging of equity derivatives. 8. The benefit of using sanitised and pre-organised exchange data, together with over-the-counter data. 9. The usefulness of virtual instruments in the calibration basket for model parameter stability and dealing with sparse data markets. 10. The benefit to your technology and quant departments of outsourcing your model calibration. Main menu ABOUT US OUR PRODUCTS AND SERVICES OUR CLIENTS 36 rue Lacépède 75005 Paris FranceTel. +33 1 47 07 08 12info@ito33.com Copyright © 2021 ITO 33

REQUEST A DEMO CLIENT LOGIN PUBLICATIONS CAREERS CONTACT US PARIS, JUNE 02, 2015 - ITO 33 ANNOUNCES A NEW MAJOR VERSION OF OPSCORE Paris, June 02, 2015 - ITO33 announces a new major version of Opscore. Opscore 3.8 delivers several new capabilities to end-users: A new pricing front-end is now included in Opscore. This product can be used for convertible bond analysis, scenario simulations and market screening. Pricing and database support is provided for Interest Rate Swaps and Warrants with complex clauses (dividend protection, forced exercise, etc...). The activation of a call feature when the stock price is above the trigger during a number of non consecutive days (M out of N) is now taken into account. A new type of make whole call is supported. The number of extra shares added to the conversion ratio when the issuer calls for redemption is computed by a lookup on the takeover matrix. New information has been added to the database to improve the description of instruments. The FX volatility and the correlation from equity to FX is now always taken into account when pricing a cross-currency instrument. Real time quotes for equity, FX and yield curves can be retrieved from Reuters-Eikon. Main menu ABOUT US OUR PRODUCTS AND SERVICES OUR CLIENTS 36 rue Lacépède 75005 Paris FranceTel. +33 1 47 07 08 12info@ito33.com Copyright © 2021 ITO 33