Fincad, a global provider of financial analytics, and The Clifton Group, a SEC registered investment advisory firm, announced today that Clifton has selected the F3 SDK analytics platform to expand their existing enterprise-wide derivatives pricing and valuation system.
“Staying competitive in the investment advisory business means being able to react to valuation and pricing needs of our clients,” said Vladimir Gomelsky, chief technical officer, Clifton. “So we need a flexible solution that can price virtually any financial instrument, whether it exists today or in the future.”
“The flexibility of object-oriented architecture allows us to generically define and customize everything from the instruments, models, payoff schedules, and date conventions,” said Gomelsky. “From a development perspective this will speed up our time-to-market substantially since we need only do this once and that’s it. If we need to value a new instrument to support one of our clients we will be able to do so with just a configuration change in most cases.”
“F3 SDK not only allows our clients to quickly create new products to respond to market developments, but also outputs the most comprehensive risk reports so customers get the information they need to better manage their risk,” said Bob Park, president and CEO, Fincad.
Users at Clifton participated in the 5-day F3 SDK product training included with the subscription to the software. “The training gave us confidence that we can rely on Fincad for support especially when we get into more complex instruments,” said Gomelsky.