2.0 offers the industry’s most robust portfolio risk analytics, enhanced usability and extended coverage
FINCAD today announced the release of F3 2.0, the latest version of its award-winning financial analytics platform. Available as a Software Development Kit (SDK), in Excel, and for the first time in MATLAB®, F3 2.0 delivers powerful, generic tools for derivatives valuations and risk management, with seamless integration between platforms and enterprise systems.
Sell-side and buy-side firms can now take advantage of robust portfolio level risk analytics available in F3 2.0, including Credit Value Adjustment (CVA) and Monte Carlo VaR. F3’s Universal Risk Technology provides first-order sensitivities on-demand, eliminating the need for resource intensive “bumping”. This functionality offers significant efficiency gains for P&L, risk, structuring, and trading teams looking to keep pace with new pricing methods, new products, and a continually evolving regulatory climate.
F3 2.0 has been designed to provide users with the flexibility to value virtually any financial instrument or portfolio of instruments. This latest release extends this capability with expanded product coverage and usability enhancements, including a comprehensive user guide, convenience functions, and valuation workbooks, making it even more intuitive than previous versions.
Finance professionals using enterprise systems can take full advantage of F3’s unique logging capability, which allows users to communicate seamlessly between Excel, MATLAB, and C#, C++, or Java-based platforms, greatly simplifying integration and enabling an extremely transparent system for validation.
“We are excited to offer F3 2.0, the result of our strategic vision as an innovative leader in this market,” said Bob Park, president & ceo, FINCAD. “This release reflects our commitment to providing our global customer base with the tools they need to evolve with the market. F3 2.0 promises to deliver a comprehensive, transparent toolset for risk management and derivatives valuations that is consistent across any platform our clients choose, whether Excel, MATLAB, or their own proprietary system.”
“Many firms in today’s market are displaying a heightened sensitivity to risk management,” said Dr. Mayiz Habbal, senior vice-president, Celent. “As a result, spending on risk management solutions is accelerating, as organizations face the growing need to measure portfolio risk, and gain access to more elaborate reporting capabilities and detailed risk measures. In particular, the demand for Credit Value Adjustment (CVA) at the trade and portfolio level is increasing, since counterparty risk is one of the greatest risks that financial firms face today.”
Products in the F3 2.0 family, including F3 Excel Edition, F3 SDK, and the F3 Toolbox for use with MATLAB, are available for purchase June 7th, 2011.
