Fidessa takes Fincad from buy-side to sell-side
SURREY--Fidessa Group, a vendor of trading, investment management, and information solutions, has integrated Fincad’s derivatives pricing library into its sell-side trading platforms. Surrey, BC-based Fincad’s derivatives technology is already integrated into Fidessa’s buy-side platforms.
The expanded partnership between Fidessa and Fincad will give sell-side firms access to industry-standard options pricing and associated risk analytics to enhance their benchmarking and multi-asset trading capabilities for global futures and US equity options.
Fidessa’s products serve 27,000 users across 950 clients around the world and are used by more than 85 percent of tier-one financial institutions.
Separately, in June 2011, Fincad launched F3 2.0, the latest version of its F3 financial platform. Available as a Software Development Kit (SDK), in Excel, and, for the first time, in MATLAB, F3 2.0 offers generic tools for derivatives valuations and risk management, with seamless integration between platforms and enterprise systems.
Fincad says sell-side and buy-side firms will benefit from the 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, Fincad says.