FINCAD and Derivative Path are pleased to announce that Derivative Path is using FINCAD’s financial analytics platform to augment its outsourced service offerings. FINCAD is the leading provider of OTC derivatives pricing and risk management solutions and Derivative Path offers a cost-effective, outsourced solution to help financial and commercial institutions to execute OTC derivative products and remain compliant with increasingly stringent regulatory requirements.
“The FINCAD platform gives us a competitive advantage. We can give our customers strategic advice and trade valuations based on accurate analytics—and all this is available on a real-time basis,” said Pradeep Bhatia, Derivative Path Co-Founder and Co-CEO. “At the moment, our focus is on OTC interest rate derivatives, but as we expand into other asset classes, FINCAD’s cross-asset platform will be able to grow with us.”
By partnering with FINCAD, Derivative Path ensures that key aspects of their clients’ trading operations can be automated, and that the tasks necessary from a trade servicing standpoint will be accomplished by a rules and workflow-based engine that can mitigate manual and/or spreadsheet-based errors. “We are delighted to be partnering with Derivative Path, and supporting their innovative service offerings with our pricing and risk management platform,” said Bill Stewart, VP Sales at FINCAD.”
Technology-driven Services Backed by FINCAD Systems
What sets Derivative Path apart is not only the expertise of its team, but also the firm’s emphasis on technology-driven services. “As industry veterans who have worked in the derivatives/capital markets business for some of the world’s largest banks, we are all too aware of error-prone functional areas, such as manual data entry and spreadsheet-based errors. When we set out to create our service offering, we agreed on the crucial importance of the technological platform for our analytics. We chose FINCAD as our technological partner after a thorough selection process, which convinced us that FINCAD could provide the reliable, robust and flexible platform we need to help our clients manage their OTC derivative transactions,” said John Fleming, Derivative Path CTO.
