FINCAD, the market leader for innovative OTC derivatives solutions, announced today that Aberdeen Asset Management PLC (Aberdeen) has selected F3 as its risk management and valuations solution. Using F3, Aberdeen is now able to value Fixed Income derivatives under one system, providing its dealing desk with real-time valuations in an efficient manner.
Aberdeen chose F3 SDK, (F3’s Software Development Kit), because its simple API allows for easy, risk-free integration. Available in multiple languages, F3 enables Aberdeen to use C# as its universal programming language, saving it time and reducing costs. Aberdeen primarily uses F3 for the valuation and duration analysis of various rate and credit based swap instruments, but plans on expanding its use of F3 to perform Monte Carlo simulations of its portfolios and various forms of scenario analysis.
“With F3, all instruments applicable to Aberdeen can be valued under one system and accessed globally, which was the main goal of acquiring a new system,” says Matthew Lynes, Portfolio Manager, Aberdeen Asset Management. “The dedicated .NET interface significantly enhances integration as well as its potential to be used in a scalable fashion in a large, global organisation. F3 has helped us increase our efficiency with the ability to value almost any instrument under one system.”
“Today, the main challenges growing global organizations face are firm-wide,” explains Bob Park, ceo and President, FINCAD. “These challenges, which include uniformity, transparency, flexibility, and performance, are best met with coherent, comprehensive platforms that enable concurrent sharing across the enterprise. F3 is an Enterprise Analytics Platform that addresses these challenges and helps organizations like Aberdeen increase performance and better manage diverse global portfolios.”
