FINCAD Launches Pioneering Python Toolkit for Valuation and Risk Analytics
FINCAD, the leading provider of enterprise solutions for derivative and fixed income portfolios, today announced innovative enhancements to FINCAD F3, an advanced valuation and risk analytics solution. A comprehensive Python toolkit has been added to F3, enabling traders, quants, portfolio managers and risk managers to rapidly generate custom analytics, applications and reports to drive better investment and risk decisions.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181011005479/en/
FINCAD F3 Python Trade Script for a TARN (Photo: Business Wire)
Due to its versatility and ease of use, Python has achieved widespread adoption in finance, and has become the multi-purpose tool of choice for quantitative analysts and other financial technologists. However, while it is easy to start projects with Python, deploying them to production can be challenging, and teams often struggle with infrastructure issues such as data management, calculation scaling, version control, admin and security.
The F3 Python toolkit helps clients address this challenge by combining Python’s sophisticated capabilities, FINCAD’s industry-standard analytics library and the enterprise-class technology of F3 Platform, which automatically handles the infrastructure issues. The result is that portfolio managers, traders, and quants can maximize their productivity and focus on creating real business value without the heavy burden of enterprise infrastructure and software concerns. Common use cases cover a wide range, including strategy back-testing, structured product scripting, portfolio optimization, tailored hedging strategies, LDI portfolio construction, cash flow matching, custom pre-trade analytics, risk reports and real-time dashboards.
“Python enables clients to be incredibly productive and it has a rich ecosystem that is ideally suited to portfolio and risk analysis,” said James Church, VP of R&D at FINCAD. “The F3 Python toolkit goes far beyond a simple Python API, and brings together best-of-breed pricing and risk analytics, enterprise scalability, data management and UI tools so that teams can collaborate on ideas, then take them quickly and easily into production.”
The FINCAD F3 Python toolkit includes an F3 Python SDK, F3 Python MicroServices and F3 Python Trade Scripting which enable users to:
- Rapidly deliver custom analytics: Leverage Numpy, Scipy, pandas, Plotly and other standard Python libraries with the most up-to-date Python features to create custom analytics, such as portfolio optimizers, which can be integrated into other applications.
- Easily create custom applications and reports: Native integration with Jupyter Notebooks and Jupyter Lab, PyCharm, Visual Studio and Visual Studio Code, enable faster report and application development with familiar tools, without needing to learn a new development environment. Also included are tools for building rich, interactive UIs without being a developer; and it comes with a complete set of widgets for reporting, selecting books, trades and models, and for handling many types of financial inputs and outputs.
- Quickly model and script complex payoffs: Use Python’s concise, highly expressive syntax with F3 analytics and data. Complex modeling and scripting can be abstracted away or dealt with using data-driven approaches.
“With enterprise portfolio and risk systems, one size doesn’t fit all,” noted Bob Park, FINCAD President and CEO. “Every investment firm is unique, and their software should be flexible and able to adapt to their specific needs, workflows and requirements. With FINCAD F3, firms don’t have to settle for software that is ‘good enough’, nor do they have to make compromises. They get the unparalleled combination of powerful out-of-the-box functionality and the flexibility for unlimited customization using versatile tools such as Python.”
FINCAD is the leading provider of valuation and risk solutions for derivative and fixed income portfolios. An industry standard since 1990, our advanced analytics, flexible architecture and patented technology enable better investment and risk management decisions. We are committed to helping our clients solve their toughest challenges, without compromise. Clients include leading global asset managers, hedge funds, insurance companies, pension funds, banks and auditors. For more information, visit www.fincad.com.
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
Cargo Screening Technology by Smiths Detection at the Mega Tema Port Expansion in Ghana20.6.2019 11:22:00 CEST | Pressemelding
Smiths Detection has won a contract with Meridian Port Services Limited (MPS) to provide cargo inspection technology for the major Tema Port Expansion project in Ghana - designed to accommodate the world’s largest container ships, improve cargo handling productivity and increase trade to both Ghana and the rest of Africa. Four Smiths Detection HCVPZ60 scanning portals were selected to deliver the Ghanaian authorities more efficient border security, while safeguarding state revenue derived from duties and taxes on containerised goods. With trade anticipated to grow in Ghana in the coming years, these portals have been selected in part because of their ability to facilitate fast and effective security processing of a high volume of container traffic. The HCVPZ60 can penetrate 9-11.8 inches of steel whilst maintaining a throughput of up to 100 trucks per hour. Smiths Detection’s advanced screening technology, iCMORE will also be deployed, to expose containers falsely declared as empty. Th
Desktop Metal Now Shipping the World’s First Office-Friendly Metal 3D Printing System to Companies Throughout Europe20.6.2019 10:55:00 CEST | Pressemelding
Desktop Metal, the company committed to making metal 3D printing accessible to manufacturers and engineers, today announced it has begun shipping its Studio System™ to customers and resellers throughout Europe. The world’s first office-friendly metal 3D printing system for functional prototyping and low volume production, has met with strong adoption in North America among leading companies, including Ford, Stanley Black and Decker, Google’s ATAP, Goodyear, Owens Corning, and John Zink Hamworthy Combustion. Building on that momentum, the Studio System is now CE certified for international compatibility and being installed at customers throughout Europe, including France, Germany, Greece, Italy, Portugal, Spain, the Netherlands, and the United Kingdom. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190620005055/en/ Desktop Metal is now shipping the Studio System, the world’s first office-friendly metal 3D printing system, to
L’Oréal Rewards Social Initiatives Led by Dermatologists at World Congress of Dermatology in Milan20.6.2019 09:23:00 CEST | Pressemelding
In partnership with the International League of Dermatological Societies (ILDS) and the 24th World Congress of Dermatology (WCD), L’Oréal announced the laureates of the third International Awards for Social Responsibility in Dermatology: “Caring to Inspire Skin Confidence”. This aims to reward social initiatives led by dermatologists, improving patients’ physical and psychological well-being, self-esteem, social integration and skin health, and enabling patients to re-engage socially. Brigitte Liberman, President of L’Oréal’s Active Cosmetics Division, said: “Social responsibility is a priority for L’Oréal and we are proud to partner with the ILDS and the WCD to reward iconic dermatologists having positive actions on people’s lives”. Professor Harvey Lui, President of the ILDS, added: “Beyond the day-to-day activities of dermatologists in managing patients with skin issues, there is a vital social role, which is exemplified through our partnership for these awards and lies at the heart
First deployment of open-standard Identity Management interface OSIA in DRC20.6.2019 08:45:00 CEST | Pressemelding
IDEMIA, the global leader in Augmented Identity, in partnership with CIVIPOL, the technical cooperation operator of the French Ministry of the Interior, DIGITECH, a leading provider of paperless Civil Registry solutions, UNFPA, the United Nations Population Fund and CARITAS, a confederation of 165 Catholic relief, development and social service organizations, announces the first deployment of the open-standard Identity Management interface OSIA in the Democratic Republic of Congo (DRC). This World Bank funded project aims to register 2.4 million children and produce 600,000 birth certificates. The consortium led by CIVIPOL supports the ambitious goal set out by the United Nations General Assembly “One ID for all by 2030.” This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190620005047/en/ Credits : IDEMIA The consortium focusses on two project streams: the first stream concentrates on the enhancement of the current Civil Registr
Wrap.co Releases The World’s First SaaS Software in Historic Global Announcement20.6.2019 05:00:00 CEST | Pressemelding
Wrap.co, The Mobile Card-Based Innovator™, released The World’s First SaaS Software today—highlighting the ease by which their card-based mobile engagement and conversion platform conveys complex ideas quickly to a global audience poised to consume content at “The Speed of Thumb™”. “According to Danny Hillis in his book, The Pattern on The Stone, any series of yes/no decisions can be considered software—thus,” said Christopher Bruno, CEO of Wrap.co, “we chose pre-historic Irish engravings—ancient when the Pyramids were built—to illustrate how Wrap can allow a mobile user unacquainted with a technical topic to flip through selected content to arrive at hoped-for conclusion in mere seconds—in this case: the belief that an animated engraving represents the 19-year cycle of the moon.” Bruno chose the so-called “Calendar Stone of Knowth” in County Meath, Ireland, as the subject matter for their first global presentation of Wrap.co’s revolutionary carrier-grade card-based communication platf
Algorand Foundation Marks New Chapter in Global Economics with Inaugural Auction19.6.2019 20:56:00 CEST | Pressemelding
The Algorand Foundation announced today the successful completion of its inaugural Algo auction, marking the launch of the Algorand platform and its original economic model that uses a unique combination of consensus-driven blockchain technology and economic incentives to ensure absolute fairness and broad participation in a new Borderless Economy. The auction brings Algos, the native token of the Algorand blockchain platform, into market circulation for the first time. Originally scheduled to last for more than five hours, the auction sold out in under four hours, due to oversubscribed demand from a large group of global participants. The Dutch Auction mechanism ensured the market, not the seller, set the price of the offering and that each participant paid the same price per Algo. The Algorand platform is the first public, permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security and true decentralization all at on