VANCOUVER, British Columbia and DUBLIN, Dec. 7, 2010 /PRNewswire/ -- F3 SDK, the newest derivatives analytics platform from FINCAD, was announced the winner of the Best Innovation by an IT or Software Firm in the risk management category at this year's FOW awards ceremony.
"We're very excited to receive this award. F3 is truly an innovative technology and gives finance professionals what they require - detailed, comprehensive risk information that is unlike what they have seen before," said Bob Park, President & CEO, FINCAD. "We're very happy that this product has received the recognition it deserves and we're very proud of what our research and development team has built."
F3 is FINCAD's most flexible derivatives analytics platform. Built on a stateful, object-oriented architecture, the F3 product line provides the ability to define virtually any trade. The flexibility is complemented by the detailed risk reports available in the system that provide the information necessary to hedge away the risk in a portfolio. The patent-pending technology calculates first-order risk, a unique feature in commercially available derivatives analytics.
"For finance professionals valuing OTC derivatives, F3 is revolutionary derivatives analytics platform," said Marc Vlitos, Global Product Manager, FINCAD. "When building F3 we understood that not only did we need to create a very flexible and powerful product that can handle virtually all of the trades in a typical portfolio, we also had to provide the information needed to make better risk management decisions. It's a winning combination."
The FOW Awards for Innovation are highly prized in the derivatives industry, as they reflect the views of an expert panel of market participants on the innovations brought to the market during the year. As such they commend the products and initiatives that are taking the market forward and helping it to flourish.
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, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 4,000 organizations in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada.