Isda AGM: Isda names netalytics backers

Robert Pickel, Isda chief executive, today revealed that BNP Paribas, Citigroup, Lehman Brothers and Royal Bank of Scotland have all signed up to its online netting analysis tool, netalytics.

The banks trialled the product during pre-launch testing, and Pickel said he expects more major banks to sign up to use the tool soon. Netalytics is a joint venture with law firm Allen & Overy, and was officially launched at Isda’s annual general meeting this morning.

More than 200 AGM delegates visited the netalytics exhibition stand in the last three days, claimed Pickel. Netalytics took 2,000 ‘man hours’ to develop.

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