VANCOUVER, British Columbia and DUBLIN, Jan. 10, 2013 /PRNewswire/ -- FINCAD, the leading provider of OTC derivatives pricing and risk solutions, is pleased to announce that F3, its enterprise analytics platform, has been awarded the 2013 Risk Management Technology Product of the Year by Risk. This marks the second honor that FINCAD has received from Risk; in December 2012 it was voted the Most Innovative Specialist Vendor in the 2012 Technology Rankings.
This submission-based award is judged on the product's overall performance, how it addresses market and client issues, as well as numerous client interviews conducted by the editorial team at Risk. Key criteria include the ability of the risk technology to adapt to regulatory change and different market conditions, innovation and creativity. FINCAD's success in this category can be attributed to the progress F3 has shown from an innovation standpoint, but also from the strength of client feedback reported during interviews, where the positive impact F3 has made to each organization was discussed. F3's unique approach to CVA, its ability to handle multi-currency CSAs and dual-curve stripping using both LIBOR rates and OIS discounting are examples of how F3 allows clients to keep abreast of ongoing market and regulatory change. In addition, F3's patent-pending Universal Risk Technology provides clients with a comprehensive risk report with information about the sensitivity of a trade or portfolio of trades to all market data in which the valuation of that trade or portfolio depends, on demand and in near real-time."I am immensely proud of the FINCAD team for their efforts and hard work in making F3 the award-winning product that it is today," says Bob Park, President and CEO, FINCAD. "I know our client testimonials were instrumental in helping us achieve this award, and am pleased to see that our software has enabled them to better manage their derivatives portfolios and gain insight into risk. That's really what we are here for - to help financial professionals better manage their derivative decisions and achieve their economic and strategic goals."
FINCAD will be recognized for its achievements at the Risk Awards dinner on January 31st, 2013 at the Royal Garden Hotel in London.
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB®, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. www.fincad.com