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FINCAD Releases F3 Platform for Enterprise Valuation and Risk
|By Business Wire
|April 23, 2014 04:00 AM EDT
FINCAD, the leading provider of OTC derivatives pricing and risk
management solutions, today announced the availability of its F3
Platform, designed for enterprise valuation and risk analytics
solutions. Overcoming the silos of information that plague the financial
industry, F3 Platform provides enterprise-wide views of risk, margin,
and collateral requirements. With this advanced platform, organizations
can effectively manage risk and comply with new regulations, while
optimizing trading venues and capitalizing on investment opportunities.
Bob Park, President and CEO of FINCAD, explained, “Regulatory frameworks
such as Dodd-Frank and EMIR, which have been gradually rolled out in the
aftermath of the 2008 financial crisis, have transformed the financial
industry. A history of fragmented technology implementations has created
information silos, making it virtually impossible to get a firm-wide
view of asset values and risk exposures. This approach may have been
workable in the past, but it is no longer tenable. Complying with
regulations requires a holistic view of risk; and remaining competitive
means having accurate analytics on an intraday basis. F3 Platform
delivers aggregated views of both valuation and risk with
industry-leading performance to meet the challenge of on-demand
Cubillas Ding, Research Director, Securities and Investments Group,
Celent Research said, “The efficient management of financial resources,
capital, and risk at a firm-wide level is becoming a competitive
necessity as firms face the new sustained realities of a
F3 Platform can model any trade type and performs valuation and risk
calculations in a consistent manner—creating a centralized, shareable,
auditable, and trustworthy source of financial analytics. Organizations
can rely on F3 Platform for comprehensive information about their
exposures, for example, to make better decisions on how best to optimize
margin and collateral requirements. F3 Platform helps them to
efficiently comply with regulatory requirements without needing to
resort to crude aggregation methods, which are inaccurate, error-prone,
and laborious. “Once you see what F3 Platform can do, much of
traditional trading decision-making looks like flying blind,” said Park.
In addition, instead of the rip-and-replace approach that other
solutions require, F3 Platform is designed for seamless integration with
existing systems and for incremental implementation. “By and large,
organizations know they need to deploy solutions that provide firm-wide
analytics, but are stuck with a very large question of when and how to
do it,” says Park.
The Moscow Exchange (MOEX) was one of the first organizations to deploy
F3 Platform. Roman Sulzhyk, Managing Director of MOEX explained, “To
compete in the world’s top exchanges in the business of clearing and
trading OTC derivatives, we needed an analytics platform that was not
only accurate, but also fully transparent. FINCAD’s F3 Platform is a
world-leading solution with proven accuracy, and it is entirely
transparent. We have quants and risk managers using the software, and
everyone finds it easy to deploy and easy to use.”
Patented URT™ for Unmatched Performance
F3 Platform’s analytics rely on Universal Risk Technology™ (URT), for
which a patent was awarded to FINCAD in March 2014. URT guarantees fast
analytic exposure calculations for all valuations, from vanilla to
exotic, single-trade to portfolio, under all models and valuation
methodologies. This is possible thanks to its unique generic
architecture, which replaces traditional model or trade-specific
approaches. According to Amrish Ganatra, Founding Partner of Cerebra,
testing showed that URT’s speed was 2,000 times faster than bumping,
while “the results were practically identical.”
More importantly, this kind of processing speed is maintained even in
risk calculations of large or complex portfolios, or computationally
intensive analytics, such as Credit Value Adjustment. As a result,
calculations are easily delivered on an intraday and real-time basis,
enabling users to make trading and investment decisions based on
Built on FINCAD’s industry-leading financial analytics library, F3
Platform supports the widest possible range of instruments and asset
classes, including portfolios and hybrid instruments. Industry-standard
pricing models, market conventions, static data, and risk models make it
possible to analyze virtually any type of instrument. In addition,
FINCAD’s sophisticated hybrid modeling engine enables the capture of all
risk exposures on one platform. Integrating analytics across asset
classes, desks, and portfolios, F3 Platform enables organizations to
comply with regulatory requirements for firm-wide analytics without the
heavy overhead that many firms are currently paying.
FINCAD is a world-leading provider of valuation and risk management
solutions, with thousands of users worldwide. In addition, 80 of the
leading software providers embed FINCAD technology into their solutions.
The company is committed to providing comprehensive, clear, accurate and
timely information to assist financial decision-makers in a wide range
of institutions. FINCAD has offices in New York, London, Beijing,
Dublin, and Vancouver.
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