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FinAnalytica Integrates FINCAD Analytics Into Risk Management, Portfolio Allocation Platform

Cognity, FinAnalytica’s risk management and portfolio allocation platform, directly addresses the real world phenomenon of fat tails, volatility clustering, skewness and correlation asymmetry, FinAnalytica said in a release.

FINCAD, a provider of derivatives analytics, announced that FinAnalytica, a provider of portfolio risk solutions for asset managers, hedge funds and multi-manager funds, has expanded its derivatives pricing coverage by embedding the firm’s Analytics Suite into Version 3.2 of Cognity, its flagship platform. Cognity, FinAnalytica’s risk management and portfolio allocation platform, directly addresses the real world phenomenon of fat tails, volatility clustering, skewness and correlation asymmetry, FinAnalytica said in a release.

The latest version, which offers unified risk measurement and reporting across all levels of transparency, has expanded its asset class coverage with the addition of Inflation Rate Swaps, Callable and Puttable Bonds, and Total Return Swaps on stocks, bonds and floating rate notes by leveraging FINCAD Analytics.

The solution is integrated as a key component in Cognity’s distribution fitting and risk measurement framework and, for selected asset classes, will simulate and price instruments with inputs from FinAnalytica’s patented risk modeling process to produce fat-tailed risk and exposure reports. FinAnalytica CEO, David Merrill stated: “This partnership enables FinAnalytica to focus on its core competency in risk management. FINCAD Analytics will serve as a driving force in quickly responding to our client requirements for expanded derivatives pricing.” “The library’s ease of use and multiple development options has made it an ideal fit for our own environment,” added Stanislav Lazarov, FinAnalytica head of software development.

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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