Fincad Taps Cloud Power for Real-Time Risk Analytics
Author: Faye Kilburn
Source: Inside Market Data | 24 Jul 2013
Canadian derivatives valuation and risk management software provider Fincad is making a number of compute and capacity enhancements to its F3 analysis platform, to support more complex pricing and analytics requirements among buy- and sell-side firms — which use the platform to price and perform risk calculations for derivatives — to meet the demands of new regulations, such as Dodd Frank and Basel III.
At last month’s SIFMA Technology exhibition in New York, Fincad demonstrated real-time, cloud-based computation of value-at-risk (VAR), leveraging real-time data from Thomson Reuters, in response to client demand for more frequent risk calculations following the release of version 4.0 of the tool in April.