FINCAD, the trusted provider of derivatives analytics, and Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, announced today that Butterfield Fulcrum has selected FINCAD's next-generation analytics library, F3 SDK, to power its derivatives revaluation and price check system for clients.
With increasing demand for greater transparency and independent valuations in the alternative investment industry, Butterfield Fulcrum joined the FINCAD Alliance Program, allowing the firm to leverage best-in-class, third-party derivatives analytics to integrate into its revaluation system. After reviewing solutions from other analytics providers, it chose F3 SDK to provide the critical price check for its clients' derivative instruments, including interest rate swaps, variance swaps and options, and various credit derivatives.
"Coverage, flexibility and industry-standard analytics were key for us in choosing FINCAD Analytics to power our revaluation and price check system," said Michael Clark, CEO of Butterfield Fulcrum. "FINCAD's new product, F3 SDK, is a great fit for our organization. It provides programmatic access to FINCAD's new derivatives analytics library at a reasonable cost compared to other products in the marketplace. In addition, F3 SDK was designed to provide modeling flexibility to value complex structures, an important component when servicing the unique needs of the alternative investment industry."
"The requirement to provide independent valuations using industry standard analytics has become crucial for fund administrators," said Amar Budhiraja, Director, FINCAD Alliance Program. "We are pleased that one of the top five firms in its field has selected F3 SDK for use in their business. We look forward to working closely with Butterfield Fulcrum as part of the FINCAD Alliance Program."