MATLAB Users Can Now Utilize the Robust CVA and MC VaR Functionality of F3
VANCOUVER, British Columbia and DUBLIN, May 24, 2011 /PRNewswire/ — FINCAD, the industry standard for financial analytics, today announced the launch of F3 Toolbox for use with MATLAB, which gives users access to FINCAD’s powerful, award-winning F3 analytics library within the MATLAB environment. Last month, FINCAD launched successful beta implementations of the highly anticipated F3 Toolbox at a number of banks, asset managers, hedge funds and corporates. F3 Toolbox for use with MATLAB will be generally available on June 7th, 2011.
F3 Toolbox has been designed to provide finance professionals in various industries the ability to respond to rapidly changing regulatory requirements, while reducing the need for expensive in-house development. In-depth coverage and flexible architecture will enable front and middle office professionals to quickly value and customize any new portfolio or trade without writing a single line of software code.
This ground-breaking technology enables efficient scenario analysis and portfolio-level VaR and CVA, supported by extensive documentation and the industry’s leading client services team. F3′s exceptional logging capability not only provides a transparent system for verifying valuations, but also enables users with enterprise systems to re-use code created in MATLAB, greatly simplifying integration into C#, C++, or Java-based systems. When combined with F3 Excel Edition, users will also have the ability to prototype in Excel and seamlessly transfer their calculations into MATLAB.
“MATLAB is widely used in the industry for valuing complex financial derivatives, and this integration further strengthens FINCAD’s position as an innovative leader in the market,” said Bob Park, President & CEO, FINCAD. “F3 Toolbox provides MATLAB users with the unique opportunity to access the industry’s most powerful and flexible analytics platform, enabling them to value any complex trade, structured product or portfolio within their preferred environment.”
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.
About The MathWorks
The MathWorks is the world’s leading developer of technical computing software for engineers and scientists in industry, government, and education. With an extensive product set based on MATLABÃ‚® and SimulinkÃ‚®, The MathWorks provides software and services to solve challenging problems and accelerate innovation in automotive, aerospace, communications, financial services, biotechnology, electronics, instrumentation, process, and other industries. The MathWorks was founded in 1984 and employs more than 2,000 people worldwide, with headquarters in Natick, Massachusetts. For additional information, visit www.mathworks.com.
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