About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

SunGard Enhances FastVal Independent Valuation Service

Subscribe to our newsletter

SunGard has released a new version of FastVal, its independent valuation service for vanilla cash and complex structured products and OTC derivatives. SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation, as well as enhanced Greeks, greater functionality in the running of intraday valuations, and coverage of market data across a multitude of securities. The solution is delivered on an application service provider (ASP) basis.

Increasing investor demand for more independent and transparent valuation of their investments is driving financial institutions to command greater confidence in the models and their underlying calculations and data.

SunGard’s FastVal 3.0 gives access to detailed information on the models, the calibration figures involved, and the data series used – down to each individual data point. By capturing continuous data feeds from exchanges, brokers and other data vendors worldwide, FastVal produces valuations when customers need them using high quality data input for models. The solution also helps firms alleviate the challenges of data collection, cleansing and storage operations. In addition, institutions can now obtain independent valuations on their positions up to four times a day. FastVal 3.0 also provides a range of Greeks to support risk management, helping customers gain greater clarity on the conditions driving the value of their portfolios.

John Jay, senior analyst at Aite Group, commented: “Regulators, auditors, investors, fiduciaries and senior managers are all demanding that the prices of portfolio assets are justified by rational and consistent pricing and valuation processes, as well as any supporting market and security data, with an eye toward conflict of interest issues. Clearly there is a need for technology solutions that can help firms meet these demands quickly and efficiently.”

Gavin Lee, chief operating officer of SunGard’s FastVal business unit, said, “Market conditions have led to a greater focus on independent valuations, as well as incrreasing demand for greater transparency and efficiency in the way portfolios are valued. FastVal’s enhanced models and approach to intra-day valuations, along with its expanded analytical functionality, will help institutions value their portfolios in an independent, transparent, timely and cost-effective way across a range of financial instruments.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Building High-Performance Data Infrastructures

The requirement for high-performance data systems to support trading analytics for hedge funds, high-frequency trading firms and electronic liquidity providers is well established. But the explosion in Big Data over the past several years has expanded the scope of inputs being used by these firms. At the same time, cloud technologies have added complexity to...

BLOG

Don’t Miss It! A-Team Group’s Innovation Briefing on Cloud in London on 7 July

Demand for digital transformation, the acceleration of cloud adoption, and a desire for real-time data management are pressing financial institutions to rethink and modernise IT infrastructure to enable more agile operating models that can respond quickly to change, support immediate and accurate decision making, and use data as both a competitive advantage and revenue generator....

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...