Sell-Side Technology Awards 2022: Best sell-side market risk product—Fincad

OVERVIEW

Surrey, Canada-based Fincad focuses on solving complex derivative analytics problems with innovative simplicity. The risk specialist not only provides quantitative analytics for valuation, hedging and risk management of derivatives and counterparty credit adjustments, but also strives to provide this functionality to clients in the most convenient way possible.

The firm focuses on making analytics accessible through software development kits with an emphasis on Python as well as cloud-based services. This allows its clients to embrace an adaptable best-of-breed architecture with Fincad at the center of their calculation infrastructure for fixed-income and derivative analytics.

WHAT’S TO COME

Fincad is looking to grow its Risk-as-a-Service offering, adding valuation, P&L and historical VaR over the next 12 months.

Fincad’s analytics offering will continue to evolve with coverage of the calculation and scaling requirements of the Fundamental Review of the Trading Book (FRTB).

Fincad will focus on Excel-as-a-Service as well as a more seamless connection to its Python and cloud services.

WHY THEY WON

Fincad wins its first category in the Sell-Side Technology Awards on the back of its Fincad Python offering, allowing users to analyze any fixed-income or derivative instrument with only a few lines of code. It has also launched a Risk-as-a-Service offering, initially targeting the new credit value adjustment accounting regulation in Japan, introduced in April 2021.