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March 4, 2010

Fincad Launches Financial Analytics, Risk Solution F3 SDK

Fincad has launched a derivatives analytics solution F3 SDK for software developers working in banks, hedge funds and application providers who need to respond to rapidly changing market and regulatory requirements.

By CBR Staff Writer

F3 SDK is a software development kit that provides developers with the ability to embed Fincad’s analytics solution into new and existing systems. It provides access to objects at a granular level, which allows customization of everything from date conventions to payoff schedules.

Built on a stateful, object-oriented architecture, F3 SDK can price virtually any deal including complex trades and structured products. Fincad claimed that a simple API makes integration with existing systems a relatively simple task, and its ability to map to existing trade representation languages means smoother integration and faster time-to-market.

Soren GA Pedersen, VP of partner development at SimCorp, a global provider of advanced front-to-back systems for investment management institutions, said: Fincad allows us to respond to customer demands for timely, accurate pricing for more complex derivatives in SimCorp Dimension. F3 SDK can scale with our business, so we can support our clients as their needs change and grow.

Bob Park, president and CEO of Fincad, said: We designed this solution with our customers’ needs in mind. Risk Managers value the fine-grained risk; Network Architects appreciate the ease of integration; and Department Heads will gain efficiency because financial engineers can prototype deals using F3 SDK and hand them to developers who will be able to integrate the code without requiring Finance knowledge.

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Mayiz Habbal, SVP and head of capital markets at Celent, said: The combination of calculated first order risk for every market data input, a stateful environment, and grid capability enable efficient scenario analysis and stress testing. Derivatives players will need flexible solutions with these types of capabilities to anticipate and comply with changing regulations.

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