Fund Administrator Butterfield Fulcrum Chooses F3 SDK to Provide Independent Valuations

The company will use FINCAD's next-generation analytics library, F3 SDK to power its derivatives revaluation system for clients

Oct 14, 2010, 08:00 ET from FINCAD

VANCOUVER, British Columbia, and LONDON, Oct. 14 /PRNewswire/ -- FINCAD, the trusted provider of derivatives analytics, and Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, announced today that Butterfield Fulcrum has selected FINCAD's next-generation analytics library, F3 SDK, to power its derivatives revaluation and price check system for clients.

With increasing demand for greater transparency and independent valuations in the alternative investment industry, Butterfield Fulcrum joined the FINCAD Alliance Program, allowing the firm to leverage best-in-class, third-party derivatives analytics to integrate into its revaluation system. After reviewing solutions from other analytics providers, it chose F3 SDK to provide the critical price check for its clients' derivative instruments, including interest rate swaps, variance swaps and options, and various credit derivatives.

"Coverage, flexibility and industry-standard analytics were key for us in choosing FINCAD Analytics to power our revaluation and price check system," said Michael Clark, CEO of Butterfield Fulcrum. "FINCAD's new product, F3 SDK, is a great fit for our organization.  It provides programmatic access to FINCAD's new derivatives analytics library at a reasonable cost compared to other products in the marketplace. In addition, F3 SDK was designed to provide modeling flexibility to value complex structures, an important component when servicing the unique needs of the alternative investment industry."

"The requirement to provide independent valuations using industry standard analytics has become crucial for fund administrators," said Amar Budhiraja, Director, FINCAD Alliance Program. "We are pleased that one of the top five firms in its field has selected F3 SDK for use in their business. We look forward to working closely with Butterfield Fulcrum as part of the FINCAD Alliance Program."


Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, hedge funds, asset management firms, corporate treasuries, and auditors. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions.

About Butterfield Fulcrum

Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has 20 years experience servicing the alternative investment industry. It provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company has a unique Global Operations Model leveraging time zones and talent to deliver transparent and highly customized solutions in real time via BFonline, a client access Web portal.  Headquartered in Bermuda, the company services more than 700 funds and has 10 offices in eight countries. For more information, please visit

Media contact:

Sarah Quon

+1 604 831 9599

Jim Gorman (Butterfield Fulcrum)

+1 646-747-7166