According to the press release: Indeval, the Mexican Central Securities Depository for all financial securities, manages Dali, the Securities Settlement System (SSS) that now has as its core an operations research engine.
Dali settles securities operations that average over $250 billion daily, more than 70% of the value settled in the Mexican payments system. Thus, an amount close to the Mexican gross domestic product (GDP) is settled in five operating days. Thanks to the [linear programming] model, many transactions that would remain pending if they were processed individually are settled together, thus reducing liquidity requirements dramatically – by 52% in cash and 26% in securities. The most important benefit of the implementation of O.R. in Indeval’s SSS is the enhancement and strengthening of the Mexican financial infrastructure.
This is another terrific example of how operations research and analytics can transform enterprises, institutions, and, even, nations!
More information about the recipient of this prestigious award, for which there were 6 finalists this year, can be found here. Past Edelman Prize winners include such household name institutions as: HP, Memorial Sloan Kettering Cancer Center, Merrill Lynch, Motorola, and IBM.
More information about INFORMS (Institute for Operations Research and the Management Sciences) can be found on its homepage.
Congratulations to Indeval and to all those who participated in this year's Edelman Prize competition!