FINCAD Launches Pioneering Python Toolkit for Valuation and Risk Analytics
11 Oktober 2018 - 3:46PM
Business Wire
Enables traders, quants, portfolio managers and
risk managers to rapidly build custom analytics, applications and
reports
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.
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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.”
About FINCAD
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.
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MediaRob Garfieldr.garfield@fincad.com+1 646 217
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